Market Herald logo


Be the first with the news that moves the market
  • Significant intercepts of 16.4 metres at 2.8g/t gold returned from South Castlereagh Main Lode
  • Diamond core drilling will allow for a portion of the mineral resource to be classified as indicated
  • The first phase of exploration RAB drilling has been completed at the Bulletin Area and the Black Flag Fault but results are pending

Bardoc Gold has intersected thick, shallow, high-grade gold in a recent diamond drilling program at its South Castlereagh prospect, which is located within the Bardoc Gold Project.

The Bardoc Gold Project was formed in October 2018 following the completion of a merger between Excelsior Gold and Spitfire Materials. This bought together significant resources and excellent growth potential.

Bardoc runs north adjacent for 50 kilometres in the Eastern Goldfields. There are four main deposits and a multitude of smaller projects which span the total 247 square kilometre area.

This has provided a large resource base and excellent exploration potential within the productive Norseman-Wiluna greenstone belt and the intersection between the Bardoc Tectonic Zone and the Black Flag Fault.

Significant widths and grades, up to 16.4 metres at 2.8g/t gold, provide further support for an impending mineral resource estimate.

These results are the latest to be returned from the expanded +40,000 metre exploration drilling program at Bardoc. These will then be incorporated into a project wide mineral resource update which is due later in the year.

The Castlereagh Area is an area of significant mineralisation as it incorporates both the Castlereagh and South Castlereagh mineralised systems.

South Castlereagh is interpreted as the southern extension of the Excelsior Shear which hosts gold prospects with broad mineralisation along its entire 8 kilometre strike length.

South Castlereagh is located approximately three kilometres south of the 428,000 ounces gold Zoroastrian Deposit. It is located on the Excelsior Shear Zone which hosts the 309,000 ounces gold Excelsior Deposit which is located 3 kilometres to the north.

Two diamond core drill holes were drilled at South Castlereagh and were drilled towards the southeast to interest both the South Castlereagh main lodes and the controlling lithology and structures.

The best assay results were 3.3 metres at 3.58g/t gold from 145.7 metres, including 1 metre at 10.38g/t gold from 148 metres.

“Castlereagh South continues to deliver broad, high-grade near surface intercepts which are amenable to open pit mining, with these latest diamond core results continuing our impressive run of drilling success at the Bardoc Gold Project,” CEO of Bardoc Robert Ryan said.

The successful completion of the two diamond drill holes will allow for a portion of the mineral resource estimate at South Castlereagh, which is currently underway, to be classified as a JORC indicated resource.

This data includes the collection of specific gravity measurements, confirmation of the controlling structures, collection of pXRF data points and the ability to undertake a closer inspection of the lithology and mineralisation.

The core will also be used for future metallurgical recovery and comminution test work as part of any future mining studies.

“In addition to confirming the scale and dimensions of the mineralisation in the Main Lodge, the drilling has provided valuable structural, lithological and alteration formation which has increased our geological confidence in the prospect,” Robert added.

The next steps for Bardoc consist of a resource estimation on several prospects with a Q3 planned release and data collection of pXRF to aid in exploration targeting and prospect evaluation.

Bardoc is also awaiting results from a first phase RAB drill at Bulletin South and Black Flag Fault.

BDC by the numbers
More From The Market Herald

" Peregrine Gold (ASX:PGD) identifies new prospect at Pilbara

Peregrine Gold (PGD) has identified a second high-grade gold and silver prospect at the Pilbara gold project in Western Australia.
Golden Mile Resources (ASX:G88) - Managing Director, James Merrillees (right)

" Golden Mile Resources (ASX:G88) Managing Director resigns

Golden Mile Resources’ (G88) Managing Director has resigned as the company undertakes surveys and testwork across its Western Australia-based projects.
Poseidon Nickel (ASX:POS) - Managing Director & CEO, Peter Harold

" Poseidon Nickel (ASX:POS) receives Golden Swan MRE

Poseidon Nickel (POS) has unveiled a maiden mineral resource estimate for the Golden Swan deposit at its Black Swan Project in WA.

" Torian Resources (ASX:TNR) hits high-grade results at Diorite

Torian Resources (TNR) has intercepted high-grade results from the Diorite North prospect which is part of the company’s wider Mt Stirling Gold Project.