Bardoc Gold (ASX: BDC)
Reported significant results from recent diamond drilling targeting depth extensions and infill of the multi-lode mineral system at the cornerstone 530koz Zoroastrian Deposit, part of its 100%-owned Bardoc Gold Project near Kalgoorlie in Western Australia.
Recent drilling has intersected new mineralisation, including defining the Bank of England Lode, at depth.
|Bardoc Gold||ASX : BDC|
|Market cap||A$111 m @ 6.4 c|
|Location||Kalgoorlie, Western Australia|
Bardoc Gold confirm outstanding high grade drill results from depth at Zoroastrian
Bardoc Gold Limited (ASX: BDC, Bardoc or the Company) is pleased to report significant results from recent diamond drilling targeting depth extensions and infill of the multi-lode mineral system at the cornerstone 530koz Zoroastrian Deposit, part of its 100%-owned Bardoc Gold Project near Kalgoorlie in Western Australia.
The recent drilling has intersected new mineralisation, including defining the Bank of England Lode at depth, while in-fill drilling has further defined the known main lodes within the current Resource and Reserves.
Assays of up to 166g/t Au extend the multi-lode mineralised system below the current
530koz Resource, with in-fill drilling expected to upgrade the Resource classification
• Recent extensional and infill diamond drilling has successfully intersected the target zones, with results exceeding expectations with assays of up to 166g/t Au.
• The latest results include:
− 7.22m @ 3.45g/t Au from 214.9m including 2.43m @ 7.58g/t Au from 219.69m, and 1m at 33.52g/t including 0.2m at 166g/t Au in KND210009
− 9.62m @ 5.13g/t Au from 199.46m in KND210010
− 4.2m @ 6.08g/t Au from 279.25m in KND210013
− 3.4m @ 7.11g/t from 152.5m in KND210014
− 11.6m @ 3.13g/t Au from 411.4m including 7.24m @ 3.99g/t Au from 415.11m in KND210014
• Drilling delineates an extension to the Bank of England footwall lode at depth, currently not included in underground Resources.
• The current Ore Reserve at Zoroastrian is 98koz Au and is based on mining only three of the multiple lodes present, excluding Bank of England. The total Mineral Resource at Zoroastrian is 7.5Mt @ 2.2g/t Au for 530koz Au.
• The results, including in-fill drilling to improve Resource confidence, will be used to update the Zoroastrian Mineral Resource Estimate.
The Bardoc Gold Project has Ore Reserves of 1Moz within a total Resource of 3.07Moz.
This recent phase of drilling was targeted at areas of the Mineral Resource model that are classified as Inferred. The aim is to upgrade the Inferred material to Indicated classification to allow it to be included in future Ore Reserves after Mineral Resource Estimates and mining studies are completed.
The high-grade results returned at depth confirm significant upside at the Zoroastrian Deposit, demonstrating that the multi-lode system extends well below the current Mineral Resource boundaries.
Bardoc Gold management comments
“This important drilling program has not only increased our confidence in the Zoroastrian South Lode – paving the way to upgrade Inferred ounces to the higher-confidence Indicated category, it has also vindicated our belief that Zoroastrian is capable of delivering additional high-grade ounces over the longer term.
“Opportunities to work on close-spaced, multi-lode deposits such as Zoroastrian are hard to find in today’s investment climate – and the Blueys South, Zoroastrian South and Bank of England Lodes are essentially unmined, providing significant long-term upside over the life of mine.
“It is quite likely that the Bank of England Lode will be similar in both grade and width to the Blueys South and Zoroastrian South Lodes once we have an opportunity to further test the lode position within the fractionated dolerite.
“These are important results which reinforce the huge upside that we see across the Bardoc Gold Project.”
Bardoc Executive Director Neil Biddle
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