The Black Pine Project is situated in the southern Troodos Mountains and is prospective for copper, nickel, gold and cobalt related to dolerite intrusions. Such sulphide mineralisation is best exposed at BMG’s Laxia and Pevkos Prospects. In 2014, BMG completed five drill holes at the Pevkos Prospect and intersected broad sulphide zones in all holes (see ASX 13/08/2014, 28/08/2014). The best results at Pevkos were:

  • 2.0 m at 3.03 % nickel, 0.33 % copper, 0.16 % cobalt, 3.00 g/t gold from 94 m (PEVRC004)
  • 1.0 m at 0.54 % nickel, 3.14 % copper, 0.15 % cobalt, 2.30 % gold from 147 m (PEVRC002)

In 2013, BMG intersected a similarly mineralised zone at the nearby Laxia Prospect (see ASX 22/07/2013, 6/09/2013, 11/10/2013). The best results at Laxia were:

  • 4.18 m at 1.72 % copper, 1.18 g/t gold and 0.15 % cobalt from 33.1 m (LMD005),
  • 3.58 m at 1.74 % copper, 0.28 g/t gold and 0.05% cobalt from 112.9 m (LMD007),
  • 2.25 m at 4.15 % copper, 0.21 g/t gold and 0.10 % cobalt from 153.05 m,
    • including 0.45 m @ 18.0 % copper, 0.70 g/t gold and 0.37 % cobalt (LMD008),
  • 2.61 m at 1.70 % copper, 4.2 g/t gold and 0.11 % cobalt from 188 m (LMD011), and

Geological and geochemical observations from BMG’s drilling have led to the technical team developing an orthomagmatic mineralisation model, whereby the copper-nickel-cobalt-gold mineralisation is directly related mafic-ultramafic intrusions. Using this model, a >50 km highly prospective strike within BMG’s tenure can be defined. At present, BMG is exploring for immediate extensions of the mineralisation at the Pevkos and Laxia Prospects and searching for new mineralised zones elsewhere within their tenure.