Bardoc Gold (ASX:BDC) - CEO, Robert Ryan
CEO, Robert Ryan
Source: Boardroom Media
Market Herald logo


Be the first with the news that moves the market
  • Bardoc Gold (BDC) continues to make strong progress at its Bardoc Gold Project in Western Australia
  • Late last year, deep diamond drilling was completed at the Aphrodite Deposit to collect samples for detailed testwork
  • Results from this program peaked at 11.25 grammes per tonne gold
  • These results will help Bardoc outline areas for follow-up drilling and provide data for its ongoing definitive feasibility study
  • Bardoc is down a slight 3.33 per cent and shares are trading for 5.8 cents each

In an exploration update this morning, Bardoc Gold (BDC) says it continues to make strong progress at its Western Australian Bardoc Gold Project.

Bardoc’s namesake project is located just 40 kilometres north of Kalgoorlie in Western Australia and has a total mineral resource estimate of 49.4 million tonnes at 1.9g/t gold for 3.02 million ounces of contained gold.

Late last year, deep diamond drilling was completed at the Aphrodite Deposit to collect samples for detailed metallurgical testwork.

Significant samples include 22.6 metres at 4.54g/t gold from 202.4 metres including 6.5 metres at 11.25g/t gold from 206.5 metres, and 18.1 metres at 5.05g/t gold from 322.7 metres including eight metres at 9.51g/t gold from 324 metres.

These results have confirmed the grade and widths of future mineralisation at Aphrodite and they have also outlined areas for future follow-up work.

The results will also provide data for the ongoing definitive feasibility study.

“The strong drilling results from one of our cornerstone deposits further increases our confidence in the robustness of the pre-feasibility study released last month,” CEO Robert Ryan commented.

“Against the backdrop of a strengthening Australian Dollar gold price, the economics of the Bardoc Gold Project continue to show that it is one of the best-undeveloped gold projects in Australia,” he said.

Another COVID-19 update

Today, Bardoc has joined the long list of companies that are implementing measures to comply with COVID-19 restrictions.

The company has enforced strict social distancing guidelines while workers conduct office and field actives. Those who aren’t essential staffers have been asked to work from home.

Meanwhile, all non-essential spending has been put on hold and geophysical surveys to identify new exploration targets has been delayed until later in the year.

“Over the past few weeks the COVID-19 outbreak has had a profound impact on everyone,” Robert began.

“In light of the volatile conditions currently being experienced in equity markets and the significant restrictions imposed by Governments around the world, we have implemented some prudent measures designed to protect our strong balance sheet and ensure we are well placed to benefit from the post-COVID-19 recovery,” he said.

“We have restricted or deferred spending on non-essential exploration and resource development drilling, while continuing to prioritise the necessary works program for the definitive feasibility study,” Robert added.

Bardoc now has a lot of work in the pipeline including geophysical surveys at the Mayday North and North Kanowna Star deposits, and a definitive feasibility study in the works, expected to begin soon.

The company has also completed a resource development program at the Zoroastrian deposit, and phase two reverse circulation drilling at Mayday North.

Results from these programs will be released once they become available.

Bardoc is down a slight 3.33 per cent and shares are trading for 5.8 cents each at 11:43 am AEST.

BDC by the numbers
More From The Market Herald

" Red River Resources (ASX:RVR) commences drilling program at Thalanga

Red River Resources (RVR) has commenced a drilling program targeting gold areas near its Thalanga Operations in northern Queensland.
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan

" Venus Metals (ASX:VMC) intersects encouraging mineralisation at Vidure

Venus Metals (VMC) has intersected encouraging copper-nickel-platinum group element (PGE) mineralisation at the Vidure Prospect.

" Whitehaven Coal (ASX:WHC) uses record prices to pay down debt

Whitehaven Coal (WHC) will use the uplift

" Alderan Resources (ASX:AL8) commences drilling at Detroit

Alderan Resources (AL8) has commenced drilling at its Detroit copper gold project, located in the US state of Utah.