BMG’s 100%-owned tenements are located 150km south-east of Perth and along strike from Newmont’s (NYSE: NEM) giant Boddington gold mine (+40M oz Au).
The Project tenements are interpreted to be within the Saddleback Greenstone Belt – the same belt that hosts the Boddington gold mine. BMG believes there is strong potential for additional gold deposits along the Belt which remains largely unexplored or underexplored for gold.
Figure 1: Map of the Yilgarn Craton in Western Australia highlighting major gold regions/belts and showing the location of BMG’s South Boddington Project.
BMG holds two exploration licence applications which continue to be progressed through the application stage.
The Boddington Gold Mine is located in an area of magnetic low and similar magnetic lows are seen in BMG’s E70/4225 and E70/4590 (applications), as shown in the map below with GSWA magnetic data; see Figure 2.
Figure 2: Regional map of the Boddington area (overlaying GSWA magnetic data) showing the location of BMG’s South Boddington tenements on the Saddleback Greenstone Belt that also hosts the giant Boddington Gold Mine (+40M oz Au).