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BMG Resources Limited ( (AU:BMG) ) has shared an update.
BMG Resources Limited announced significant results from its initial reverse circulation drilling at the Bullabulling Gold Project, revealing multiple high-grade gold lodes. The drilling at Bullabulling North and West areas suggests potential continuity of gold mineralization from the neighboring Bullabulling Gold Mine, operated by Minerals 260. The company plans further drilling to explore these promising results, which could enhance its gold resource base and industry positioning. Additionally, BMG is progressing a scoping study for the Abercromby Gold Project, which is attracting commercial interest due to high gold prices, indicating a robust development opportunity.
More about BMG Resources Limited
BMG Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in projects such as the Bullabulling Gold Project and the Abercromby Gold Project, both located in Western Australia. BMG’s primary focus is on identifying and developing high-grade gold resources, with an emphasis on leveraging existing mining infrastructure to expedite production.
Average Trading Volume: 6,674,002
Technical Sentiment Signal: Buy
Current Market Cap: A$21.24M
See more data about BMG stock on TipRanks’ Stock Analysis page.