Wide Drill Intercepts Point To Growth Opportunities At Bardoc Gold Project
Bardoc Gold Limited (ASX: BDC) has reported a number of significant assay results from in-fill and exploration drilling at its cornerstone Zoroastrian (526koz Au)and Excelsior (320koz Au) Deposits, part of its 100%-owned 3.03Moz Bardoc Gold Project, located 40km north of Kalgoorlie in WA.
The drilling results from both Zoroastrian and Excelsior targeted areas of lower confidence mineralisation in their respective resource models, paving the way for the inclusion of these areas in an updated Ore Reserve as part of the upcoming Definitive Feasibility Study, while also identifying extensions to known deposits.
While the company has experienced some delays in the receipt of assays over the festive season due to the huge upsurge in drilling activity across the gold sector, Bardoc Gold is pleased to report that the turnaround time for assays is now rapidly improving. The company continues to work closely with its assay partners and is implementing strategies to improve assay turnaround.
CEO, Robert Ryan, said that given the high level of exploration activity across the Bardoc Gold Project, the company expects to be in a position to deliver a high frequency of news-flow over the coming weeks in the lead-up to the DFS.
He said the latest drilling results from two key deposits provided more strong evidence of the outstanding potential to increase both Resources and Reserves at the Bardoc Gold Project.
“The latest results from Zoroastrian continue to show the exceptional potential within the multi-lode system at the northern end of the deposit, while drilling at Excelsior has confirmed the current Resource, paving the way for the inclusion of additional reserve ounces in the upcoming DFS,” Mr Ryan said.
“As the laboratories continue to process the backlog of sample assays from 2020, we are continuing our exploration efforts to unlock the significant potential along the Bardoc Tectonic Zone, as well as our Mayday North and North Kanowna Star Projects. With turnaround times for assays now rapidly improving, we are looking forward to strong news-flow in the weeks ahead.
“2021 is set to be a transformational year for Bardoc as we close-in on the release of our Definitive Feasibility Study in March and move rapidly to get the project funded, make a Final Investment Decision and move into the construction of a substantial new Australian gold project later this year.”
Mr Ryan said that while the Royal Mint and Blueys are the best know lodes at Zoroastrian, the recent development of the Royal Mint Lode into a much wider zone has significantly enhanced the growth potential at the northern end of the deposit and adds to the longer-term opportunities yet to be discovered in the million- ounce Zoroastrian-Excelsior Gold Camp.
Recent results at the northern end of the deposit include:
- 89m @ 1.43g/t Aufrom 192m in including 8m @ 3.35g/t Au from 193m and 13m @ 2.19g/t Au from 252m.
- 11m @ 3.08g/t Au from 190m
- 11m @ 4.69g/t Au from 237m including 6m @ 6.78g/t Au from 239m
- 18m @ 2.16g/t Au from 165m
- 34m @ 2.51g/t Au from 81m including 12m @ 4.11g/t Au from 100m