Bardoc Gold Limited (ASX: BDC) has received further outstanding assay results from recently completed in-fill diamond drilling at the cornerstone Zoroastrian Deposit, part of its 100%-owned 3.02Moz Bardoc Gold Project, 40km north of Kalgoorlie in WA.
The recently completed six diamond core holes at the 515koz Zoroastrian Deposit, which contains an Ore Reserve of 100koz, were designed to test areas outside of the known Ore Reserve for the projected strike and plunge continuity of the multi-lode ore system.
Chief Executive Officer, Robert Ryan, said all six holes in the recent drilling campaign hit their targets into the High-grade Zoroastrian Deposit.
Mr Ryan said these holes will be easily accessed from existing planned design which in turn is likely to provide an increase in the ore reserves at minimal additional development costs.
He said the broad results from recent drilling at Zoroastrian support the potential for a long-life underground operation at this cornerstone deposit.
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 due for completion in Q1 2021,” Mr Ryan said.
“While we push towards the delivery of a DFS, our goal is to develop a project with a long operational life, underpinned by a 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.
“The mine plan is underpinned by three cornerstone deposits in Zoroastrian, Aphrodite and Excelsior, plus a growing pipeline of attractive satellite deposits with the potential to increase mine life and further strengthen our production profile.
“Mayday North forms a key part of that plan and we have recently re-commenced exploration drilling with a clear objective of continuing to grow the Resource. This program will also utilise the information from the recently completed GAIP (geophysical) survey as we target additional resource opportunities at this significant gold system.”
The Zoroastrian Deposit has a current resource of 515koz Au and is open at depth down the northerly plunge on multiple lodes. The recent round of drilling has successfully applied the geological knowledge gained from the detailed geological work to intersect the Blueys South and Zoroastrian South Lodes in multiple positions and in multiple holes outside of the current Ore Reserve boundary.
Mr Ryan said the success of this programme continues to increase the Company’s level of confidence in and understanding of the multi-lode Zoroastrian Deposit, the results will be included in future Resource and Reserve estimations.
The key results from the three latest diamond holes are: 15.2m @ 3.74g/t Au from 228.3m; 11.2m @ 7.29g/t Au from 235.5m, including 5.2m @ 13.5g/t Au from 235.5m; 8.8m @ 4.30g/t Au from 317m; and 24m @ 2.05g/t Au from 285m.
Results from the first three holes of this programme included: 7.3m @ 21.21g/t Au from 292.57m; 13.3m @ 6.38g/t Au from 144m, including 1m @ 65.5g/t Au from 151.0m; 6.7m @ 7.85g/t Au from 162m; and 11m @ 5.73g/t Au from 209m.
Mr Ryan said the geology and mineralisation at the Zoroastrian Deposit is now well understood, increasing the company’s confidence in the robustness of the Ore Reserves.
“This enhanced confidence and knowledge are anticipated to have a positive effect on future mine planning at Zoroastrian as part of the Definitive Feasibility Study due for completion in Q1 2021.”
