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Bardoc Gold Ltd

Bardoc Gold delivers thick high-grade gold results with potential for resource growth

A second drill rig has been mobilised to site to allow rapid evaluation of the increased strike and depth extensions.

Bardoc Gold Ltd - Bardoc Gold delivers strong assays with high-grade extensions at El Dorado in WA
Extensional drilling has also begun at the Mayday North deposit

Bardoc Gold Ltd (ASX:BDC) has delivered strong early results at El Dorado prospect with thick high-grade intersections extending mineralisation and confirming the potential for resource growth at Bardoc Gold Project in Western Australia.

The recent success at El Dorado has prompted the company to step up its drilling efforts with a second rig.

In the meantime, the company has begun drilling at the recently acquired Mayday North deposit and diamond core drilling is continuing along the Black Flag Fault, reflecting Bardoc’s multi-pronged and technically driven exploration and resource growth.

"Exploration upside"

Chief executive officer Robert Ryan said the early success achieved in the new resource extension drilling program continued to highlight the outstanding exploration upside at the Bardoc project and the significant opportunities to further expand the current 3.02-million-ounce resource base.

New results have been received from the El Dorado satellite prospect, which contains a mineral resource of 471,000 tonnes at 1.5 g/t for 23,000 ounces.

These results confirm and extend the mineralisation into previously untested areas of the mineralised system, with highlights of:

  • 10 metres at 5.77 g/t from 164 metres, including 6 metres at 8.03 g/t from 166 metres; and
  • 8 metres at 1.16 g/t from 233 metres. 

“Outstanding widths and grades”

Ryan said, “The results from the El Dorado since the last resource update have substantially increased the known extent of the mineralised zone, demonstrating outstanding widths and grades which would be amenable to both open pit and underground mining methods.

“The southernmost drill hole, KNC190100, which returned an intercept of 10 metres at 5.8 g/t, is an intriguing result as the high-grade plunge of the ore zone does not seem to be constrained to only the north as was previously interpreted.

“A second RC drill has now mobilised to site with the intention of exploring for mineralisation to the south of the latest drilling before Christmas.

“With the acquisition of the Mayday North and North Kanowna Star projects now finalised, we have also mobilised an RC drill rig to site to commence resource extension drilling.

“Results from the program will be available in the coming weeks.”

Assays pending

Assays are pending from recently completed diamond drill holes, with follow-up RC drilling underway to test the mineralisation to the south.

This drilling was initiated to follow-up on recently reported results of:

  • 28 metres at 13.59 g/t from 176 metres, including 6 metres at 57.7 g/t from 176 metres ;
  • 29 metres at 1.69 g/t from 185 metres; and 
  • 15 metres at 1.43 g/t from 140 metres.

Additional steps

Bardoc has also completed two short diamond core tails at El Dorado which have allowed the geological structures to be measured and assist in interpreting direction of mineralisation to allow the focus to remain on the highest-grade zones.

In another positive development, validation of historical data at El Dorado has highlighted that some historical holes are not in their expected location, opening up the southern area of the resource to further exploration and possible resource extensions.

As a result, it now necessary to validate the drilling at the southern end of the gold mineralisation.

Several holes appear to close off the mineralisation, however, checks on historical maps and plans have failed to locate old holes.

Quick facts: Bardoc Gold Ltd

Price: 0.078 AUD

Market: ASX
Market Cap: $108.43 m
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