- Bardoc Gold (BDC) has received further outstanding assay results from recently completed diamond drilling at the Zoroastrian Deposit
- This deposit lies within the company’s namesake Bardoc Gold Project in Western Australia
- Gold grades from this recent drilling program peaked as high as 13.5 grammes per tonne
- The high-grade nature of these results has built Bardoc Gold’s confidence in the deposit
- Bardoc Gold is now waiting on results from the Aphrodite, Mayday North and North Kanowna Star deposits
- Company shares are up a slight 2.22 per cent in mid-morning trade and are currently selling for 9.2 cents each
Bardoc Gold (BDC) has received further outstanding assay results from recently completed diamond drilling at the Zoroastrian Deposit.
The Zoroastrian Deposit is part of the company’s namesake Bardoc Gold Project, which lies 35 kilometres north of Kalgoorlie in Western Australia.
The project covers 250 square kilometres of granted mining leases and prospecting licences.
The recently-completed in-fill diamond drilling program at Zoroastrian consisted of six holes and aimed to test areas outside areas of the known ore reserve.
Zoroastrian has a current resource of 515,000 ounces and remains open at depth.
Significant results from this program include 11.2 metres at 7.29g/t gold from 235.5 metres, including 5.2 metres at 13.5g/t gold from 235.5 metres; and 8.8 metres at 4.30g/t gold from 317 metres.
The success of this program is continuing to build Bardoc Gold’s confidence in and understanding of Zoroastrian.
This new knowledge is anticipated to have a positive effect on future mining programs at the deposit and a definitive feasibility study (DFS) that is due for completion in the first quarter of 2021.
“The Zoroastrian in-fill drilling program has delivered some fantastic intercepts, and coupled with an already robust resource, we will expect to see an increase in the mining reserve as part of the DFS,” CEO Robert Ryan commented.
“While we push towards the delivery of a DFS, our goal is to develop a project with a long operational life, underpinned by the diversity of open pit and underground ore sources that will provide maximum flexibility in terms of our mining schedule and grade profile whilst reducing risk,” he added.
Bardoc Gold is now waiting on results from diamond core drilling at the Aphrodite Deposit and results from geophysical surveys at the Mayday North and North Kanowna Star deposits.
Company shares are up a slight 2.22 per cent in mid-morning trade and are selling for 9.2 cents each at 10:46 am AEST.