Join our daily newsletter At The Bell to receive exclusive market insights
- Bardoc Gold (BDC) has intersected broad zones of gold mineralisation from its maiden drilling program at the North Kanowna Star Project
- Results from a program before Christmas confirmed the presence of an extensive alteration system with significant gold mineralisation
- Gold grading up 4.44 grammes per tonne was intersected from the project
- The company is now drilling at the Mayday North Project with assay results expected in the coming weeks
- Bardoc’s share price is currently down a slight 1.18 per cent with shares trading for 8.4 cents apiece
Bardoc Gold (BDC) has intersected broad zones of gold mineralisation from its maiden drilling program at the North Kanowna Star Project.
North Kanowna is situated within the 3.02 million ounce Bardoc Gold Project which is located 50 kilometres north of Kalgoorlie in Western Australia.
When combined with a geological assessment, assay results from the reverse circulation (RC) drilling, completed at North Kanowna Star before Christmas, have confirmed the presence of an extensive alteration system with significant gold mineralisation located below the existing oxide resource.
While exploration at the project is at an early stage, the first program of RC drilling has returned significant widths of gold mineralisation within a possible large gold-hosting structure.
This confirms Bardoc’s belief that the recently obtained projects at North Kanowna Star and Mayday North have been under-explored for the last 15 years and provide significant exploration upside for Bardoc Gold.
Potential exists for significant additions to Bardoc’s project wide mineral resource which currently sits at 49.426 million tonnes at 1.9g/t gold for 3.022 million ounces.
In the meantime, work is advancing well on a pre-feasibility study based on the current mineral resource and is on track to be finalised and reported on in this quarter.
North Kanowna Star
The North Kanowna Star deposit, comprising of 32,000 ounces of gold at 1.4g/t gold, has had minimal exploration activity over the past 15 years.
The scale of alteration intersected in Bardoc’s recent drilling suggest that the system is large with significant widths of alteration up to 45 metres encountered down-hole.
Encountering a significant volume of highly anomalous material in first-pass drilling is a big success, reinforcing Bardoc’s focus on undertaking high-quality geological work which can lead to significant new discoveries.
All 11 holes drilled intersected mineralisation with significant intercepts of 4 metres at 4.44g/t gold from 33 metres, 4 metres at 3.72g/t gold from 85 metres, and 4 metres at 3.34g/t gold from 32 metres.
Work by Newcrest in 1999 and 2000 included a gravity survey that has an interpreted and intruded porphyry at depth below the oxide mineralisation.
However, this work was never followed up or expanded on thus providing Bardoc with an outstanding exploration opportunity.
RC drilling is scheduled to recommence at North Kanowna Star this week with geophysical targeting and diamond core drilling being planned.
“When we acquired North Kanowna Star last year we had a very positive view on the potential upside at the project given that it had seen virtually no exploration over the past 15 years,” CEO Robert Ryan commented.
“This is the first time a focused exploration program has tested the extensions of the supergene mineralisation into fresh rock, and it has provided multiple mineralised intercepts,” he added.
Bardoc is now RC and diamond drilling at the Mayday North Project with assay results expected to be received in the coming weeks.
Geophysical work is also being planned to gain a better understanding of the location and influence of several deeper intrusive bodies at Mayday North and North Kanowna Star.
Bardoc’s share price is currently down a slight 1.18 per cent with shares trading for 8.4 cents apiece at 4:10 pm AEDT.
