BMG Resources Says Drilling at Western Australia Gold Project Hits Gold-Associated Alteration Zones, Shares Plunge 30%

MT Newswires Live

2025/07/11

BMG Resources (ASX:BMG) said phase one drilling at the Abercromby gold project in Western Australia hit broad gold-associated alteration zones, according to a Friday Australian bourse filing.

It encountered intercepts of 46.34 meters at 0.38 grams-per-tonne grade of gold from 116 meters, as well as eight meters at 1.27 g/t grade of gold from 304 meters.

The firm is conducting planning for a second phase of drilling, including diamond drilling and reverse circulation drilling, which will test the Capital South, Archer, and Barrack prospects.

Its shares plunged 30% in recent trading on Friday.

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