Results Confirm Growth Potential At Aphrodite Zone
Bardoc Gold Limited (ASX: BDC) has intersected broad zones of shallow high-grade mineralisation at the cornerstone 1.7Moz Aphrodite Gold Deposit which forms part of its flagship 1Moz Reserve/3.07Moz Resource Bardoc Gold Project, located 40km north of Kalgoorlie in Western Australia.
The Aphrodite Deposit is a multi-lode system located 20km north of the Excelsior/Zoroastrian deposits where the processing facility for the Bardoc Gold Project will be located.
It forms a key baseload ore feed in the later years of the mine plan, which was outlined in the recently completed Definitive Feasibility Study which forecast gold production of 136kozpa with pre-tax cashflow of A$740M based on a forecast AISC of A$1,188/oz.
The Aphrodite area has had minimal exploration beyond the known Resources and offers significant upside for the Project. Importantly, the shallow supergene mineralisation in the Sigma Lode is free-milling and will complement free-milling ore feed from the Zoroastrian and Excelsior Deposits.
The latest results are from areas that are not in the current mining plan and have the potential to add additional ounces to both the 3.07Moz Au Resource base and 1Moz Au Reserve, after the necessary modelling and optimisations are completed.
Bardoc Gold’s Chief Executive Officer, Robert Ryan, said the new drilling results demonstrate the huge upside across the broader Aphrodite region, which the Company was only just beginning to unlock as it continued its steady progress towards financing and development this year.
“It’s hard to believe how under-explored an area like Aphrodite can be, being located just 60km north of the centre of Kalgoorlie! The latest results point to the immense potential for further reserve and resource growth outside of our current mine plan, importantly with much of the upside coming from recently delineated shallow supergene mineralisation which is expected to contribute to our free- milling processing plan,” Mr Ryan said.
“The shallow Sigma Lode is currently not included in our Ore Reserve and the latest results will allow further mining studies to be conducted. Early mining studies have already revealed open pit potential at Sigma, with latest results showing that there is also significant underground potential at the deposit.
“Meanwhile, new intersections on the Gamma lode have highlighted potential for a new mineralised zone outside of the current 1.7Moz resource. Located 450m to the east of the main Resource, Gamma has the potential, similar to Sigma lode, to provide further mining options within the greater Aphrodite area.”
Results from this drilling programme include:
- 5m @ 17.7g/t Au from 109m in 21APRC0019
- 15m @ 1.49g/t Au from 97m in 21APRC0027
- 7.7m @ 2.98g/t Au from 133.3m in 21APD0007
Previously reported results from this zone included:
- 21m @ 3.94g/t Au from 147m including 7m @ 6.12g/t Au from 161m 20APRC0013
- 7m @ 2.77g/t Au from 177m in 20APRC0015
- 8m @ 2.92g/t Au from 78m in 20APRC0024
- 10m @ 1.23g/t Au from 56m in 20APRC0015
- 9m @ 1.51g/t Au from 69m in 20APRC0029