In-fill Drilling Delivers Grades Above Current Resource
Bardoc Gold Limited (ASX: BDC) has reported significant new results from recent exploration and in-fill drilling at the cornerstone 526koz Zoroastrian Deposit, part of its 100%-owned 3.03Moz Bardoc Gold Project located 40km north of Kalgoorlie in Western Australia.
Chief Executive Officer, Robert Ryan, said the company’s decision to expand its ongoing exploration drilling programme at Bardoc to +40,000m has immediately been rewarded with success at the Blueys Lode, part of the multi-lode Zoroastrian Deposit with identification of a new high-grade extension some 600m north of the planned underground mine development.
Mr Ryan said the discovery clearly demonstrates the potential to expand the Zoroastrian Deposit to the north and provides further evidence of the significant exploration potential within the +1Moz Zoroastrian-Excelsior corridor.
Results from ongoing in-fill drilling at Zoroastrian have also exceeded expectations with significant results returned outside of current Resource areas and grades generally above the Resource grade.
Mr Ryan, said the latest results demonstrated the potential to growth both Resources and Reserves in the near-mine environment at Zoroastrian.
“The previously announced optimisation work at Zoroastrian has already highlighted the strong potential for increased open pit mining Reserves and the in-fill drilling program within the planned open pit designs also provided an exploration opportunity to test extensions to the Blueys lode to the north,” he said.
“We extended a number of the holes into the Blueys lode target zone, and the early results have been outstanding with a highly significant intercept some 600m north of the planned underground development. Assays are still pending on the other half of this program.
“The Blueys and Blueys South lodes contain around 170koz of the total Mineral Resource at Zoroastrian and extensions of this lode to the north highlight the potential for underground mining in the future just 600m from the proposed underground infrastructure. Further drilling is now planned to target the Blueys lode at depth and along strike.
“As we rapidly progress our Definitive Feasibility Study, which is on track for release in the March 2021 Quarter, we will continue our +40,000m drilling program targeting brownfield and greenfield opportunities aimed at growing our 3Moz Resource and 790koz mining Reserve.”
