- Bardoc Gold has intersected outstanding zones of strong gold mineralisation at the El Dorado prospect in Western Australia
- The new results are up to 90 metres below the current resource and are constant over a 155 metre strike length
- A diamond drilling program is planned to provide structural information of the mineralisation and help guide the next phase of drilling
- Bardoc has ended the day unchanged with shares trading for 9.8 cents apiece
Bardoc Gold Limited has intersected outstanding wide zones of strong gold mineralisation below the current mineral resource at the El Dorado prospect.
El Dorado lies within Bardoc’s 3.02 million ounces Bardoc Gold Project which is located 50 kilometres north of Kalgoorlie in Western Australia.
The Bardoc Gold Project was formed in October 2018 following the completion of the merger between Excelsior Gold and Spitfire Materials.
It runs north for 50 kilometres in the Eastern Goldfields and comprises of three main deposits and multiple smaller projects within its 247 square kilometre area.
This provides a large resource base and excellent exploration potential within the prolific Norseman-Wiluna greenstone belt and junction of the Bardoc Tectonic Zone and Black Flag Fault.
It is believed that these two structures host many multi-million ounce deposits such as the renowned Golden Mile in Kalgoorlie.
Mineralisation is hosted within the north-northwest trending mafic and ultramafic within the sediments and felsic volcanic of the Black Flag Beds.
All six holes of this recent drill, that were completed using reverse circulation drilling, returned significant grades and widths of mineralisation.
The results, including 28 metres at 13.59g/t gold and 29 metres at 1.69g/t gold, have confirmed the down plunge extension and grade continuity of the deposit outside the JORC mineral resource of 471,000 tonnes at 1.49g/t gold for 22,500 ounces.
This drilling is part of a follow-up program to build on the previously announced intercepts of 10 metres at 2.31g/t gold from 105 metres, and 4 metres at 6.71g/t gold from 147 metres.
The recent drill program is the deepest drilling undertaken at the project area to date which proves the resource remains open at depth and down-plunge.
Diamond drilling is planned to obtain valuable structural information to further understand the geometry and orientation for the next phase of RC drilling.
Bardoc’s CEO Robert Ryan is pleased with the results as they demonstrate the massive opportunity for resource growth at multiple satellite deposits across the project.
“The El Dorado results show that we have only just scratched the surface at many of these satellite deposits, with the broader Bardoc package offering huge upside of our cornerstone deposits at Aphrodite, Zoroastrian and Excelsior,” he said.
“After recently increasing our resource base to +3 million ounces, we are continuing with an aggressive approach to exploration and resource growth opportunities in parallel with ongoing work on our pre-feasibility study which remains on track for Q1 2020,” he added.
Bardoc will now plan a follow-up diamond drilling program at El Dorado and interpret ongoing pXRF (portable handheld X-ray fluorescent analyser) data from recent drilling.
A diamond drill rig will also arrive on-site next week to begin drilling at Aphrodite.