Western Australian gold explorer BMG Resources Limited (ASX: BMG) (BMG or the Company) is pleased to advise that the next phase of drilling has commenced at the Company's 100% owned Abercromby Gold Project in the north-eastern goldfields of WA, following the recent completion of highly successful diamond and aircore programs.

This program encompasses some 11,500m of planned drilling over the next 10 weeks, with diamond drilling (DD) at the Capital Prospect to comprise c.4,000m, and aircore drilling (AC) to the south estimated at c.7,500m. The DD program is aimed at resource definition and extension holes, including a 650m replacement for 21ABDD004 which suffered terminal drill rod failure at 360m, prior to the targeted depth to test the extension of the West Lode.

The AC drilling will target the three large gold anomalies identified by the recent sub-audio magnetics and aircore drilling, in the southern extension of the mineralisation at Abercromby. This follows the completion of RC, DD and AC drilling at Abercromby in recent weeks - refer ASX results announcements on 26 April 2022 'Assays Confirm Significant Extensions of High-Grade Gold at Abercromby Project' and 2 May 2022 'Aircore Highlights Significant Regional Gold Potential at Abercromby'

BMG Managing Director Bruce McCracken said: 'We're very excited by the success or our recent drilling at Abercromby, as it has paved the way for this rapid follow-up campaign.

Contact:

Tel: (61 8) 9424 9390

Email: enquiry@bmgl.com.au

Web: www.bmgl.com.au

'These programs will continue to delineate the significant high-grade orebody at Capital as we progress towards maiden resource definition, and test the large gold anomalies to the south identified by recent SAM and aircore drilling. 'We look forward to updating investors as our drilling progress continues and results come to hand.' The Company has engaged Australian Air Core Pty Ltd (AAC) to undertake the AC program and Boart Longyear to undertake the DD program. An AAC rig mobilised to site this week and has commenced AC drilling, which is expected to take around 3 weeks to complete. Boart Longyear is scheduled to be onsite next week, with the DD program anticipated to take around 10 weeks to complete.

Through aircore drilling, BMG plans to infill new high-grade anomalism intersected in the previous round of work in the Archer, Barrack and Capital South areas. As previously reported, high grade gold assays were returned in positions with good potential for significant strike extent. These aircore targets form the foundation of BMG's growing prospect pipeline at Abercromby. Drilling will also probe highly anomalous, end of hole, base metal results from 22ABAC024, including 2m @ 1.6% Pb, 0.4% Zn, 0.09% Cu and 11ppm Ag from 80m, which was recently returned from multi-element analysis. Diamond drilling will build on the stellar results returned in the recent diamond program to further explore high grade plunge trends emerging at Capital and provide the basis for a maiden Mineral Resource estimate upon receipt of the assay results.

About the Abercromby Project

The Abercromby Project is located on the Wiluna Greenstone Belt, one of Western Australia's most significant gold-producing regions with a gold endowment of +40Moz Au - second only to Kalgoorlie globally in terms of historic production. The geology at Abercromby is very favourable for gold mineralisation, with historic drilling at Abercromby having intersected multiple thick intervals of high-grade gold mineralisation to confirm the presence of a large high-grade gold system. BMG holds 100% of Abercromby, which comprises the gold and other mineral rights (ex-uranium) of two granted mining leases (M53/1095 and M53/336).

(C) 2022 Electronic News Publishing, source ENP Newswire