Bardoc Gold Limited (ASX: BDC) has reported outstanding high-grade results from the initial assays received from in-fill diamond drilling recently completed at the cornerstone Zoroastrian Deposit, part of its 100%-owned 3.02Moz Bardoc Gold Project, north of Kalgoorlie.
The company drilled a series of six diamond core holes at Zoroastrian targeting areas requiring in-fill data to enable a possible conversion to Ore Reserves.
Key assay results from the first three diamond holes include:
- 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.
Chief Executive Officer, Robert Ryan, said the holes intersected spectacular grades in areas yet to be included in the recently announced 789,000oz Bardoc Gold Project Probable Ore Reserves, highlighting the continuity and quality of the Zoroastrian deposit and confirming the potential for future reserve growth.
Mr Ryan said that following the success of the Pre-Feasibility Study announced last month, the company has commenced key works as part of the Definitive Feasibility Study (DFS) aimed at rapidly advancing the Bardoc Project towards production as a fully integrated open pit and underground mining operation.
He said the impressive Zoroastrian in-fill drilling results reinforced the quality of one of the BardocProject’s flagship underground deposits while providing a clear pathway to achieve further growth in the recently published maiden mining reserve.
Yet again we see broad high-grade mineralisation at Zoroastrian, proving the outstanding potential of expanding on the current mining reserve. It’s also pleasing to note the consistency of the high-grade mineralisation within the standout intercept of 7.3m @ 21.21g/t Au in KND200002, which supports our view that Zoroastrian has the potential to grow well outside of the current resource and reserve once the mine begins production,” Mr Ryan said.
“The outstanding PFS results released last month show the ultimate value which will accrue to Bardoc’s shareholders by progressing the project to production as rapidly as possible.
“With this in mind, we have now engaged industry specialists for key civil engineering, mining engineering, process engineering and metallurgical test work required for the completion of the DFS over the course of this year.”
