BPM Minerals Ltd. announced that its Claw Gold Project (Claw or the Project), located 290km's northeast of Perth in the Murchison Region of Western Australia, has formally been granted. BPM has sought to consolidate its position in the Murchison, with a further tenement under application and due diligence being completed on new projects in the area, all supported by the Company's ~$5 million cash balance. Application E70/6176 (30 blocks) directly abuts the Claw Project and represents potentially largely untested extensions of the Mt Gibson Shear Zone.

The Company believes the area around the Mt Gibson Gold Mine holds immense discovery potential with limited or no modern exploration having being conducted over the Claw Project and the new application with a number of shallow gold hits recorded within the project area close to the Mt Gibson Border. Drill ready targets identified during a review of historical open file drill data, and confirmed by the aeromagnetic interpretation, identifying two drill-ready gold anomalies at the Claw Gold Project. 1,000m x 500m gold-in-regolith anomaly with several shallow RAB holes intersecting gold mineralisation.

Importantly, the fresh rock, the primary source of gold mineralisation, was never tested below the regolith anomaly. The Lewi anomaly is a 1,200 x 400m gold-in-regolith anomaly located on the northern margin of the Project and is open towards the Mount Gibson Gold Project. Of significance for the potential of the Claw Project, the two gold anomalies are clearly associated with the same regional structure that hosts the gold the mineralisation at the Mount Gibson Gold Project.

This same structure can be traced for 33km through the length of the Claw Project and with the exception of the Chickie and Lewi anomalies remains largely untested.