More high-grade gold at depth for Bardoc

Bardoc Gold has nailed down a tranche of high-grade gold hits at depth that sit outside of the current underground resource at its Zoroastrian gold deposit near Kalgoorlie in Western Australia. Significant hits from recent drilling include a 7.22 metre section grading 3.45 grams per tonne gold from 214.9m downhole with a 0.2m super high-grade parcel grading a bonanza 166g/t gold or over 5 ounces to the tonne.

Other significant results intersected in recent drilling include 9.62m going 5.13g/t gold from 199.46m downhole, 4.2m grading 6.08g/t gold from 279.25m and 3.4m at 7.11g/t gold from 152.5m downhole.

Drilling targeted and successfully intercepted an extension to the Bank of England footwall gold lode at depth, part of Bardoc’s cornerstone Zoroastrian deposit.

The current mineral resource estimate at Zoroastrian which excludes the recent extensional high-grade hits currently sits at a formidable 7.5 million tonnes grading 2.2g/t gold for a total of 530,000 ounces of gold. Bardoc says the results from the recent drill campaign will be used to improve the resource confidence and update the Zoroastrian mineral resource estimate.

An upgrade of the resource to the indicated classification will allow Bardoc to include it in future ore reserves after further mineral resource estimates and mining studies have been completed.

The Zoroastrian deposit houses a large multi-lode system with each lode containing multiple sub-parallel mineralised shears. The main lodes included in the Zoroastrian deposit ore reserves are the high-grade Blueys South and Zoroastrian South lodes. The Bank of England lode is planned to join the high-grade duo once resource and reserve estimates have been updated.

The greater Bardoc gold project houses total ore reserves of 1 million ounces of gold within a total resource of over 3 million ounces.

The Bardoc gold project has a contiguous landholding spanning 250 square kilometres and hosts the junction of the Bardoc Tectonic Zone and the Black Flag Fault. Both structures host many multi-million-ounce gold deposits, including the world class Golden Mile in Kalgoorlie.

Bardoc Gold Executive Director, Neil Biddle said:

“Opportunities to work on close-spaced, multi-lode deposits such as Zoroastrian are hard to find in today’s investment climate – and the Blueys South, Zoroastrian South and Bank of England Lodes are essentially unmined, providing significant long-term upside over the life of mine.”

“It is quite likely that the Bank of England Lode will be similar in both grade and width to the Blueys South and Zoroastrian South Lodes once we have an opportunity to further test the lode position within the fractionated dolerite.

“These are important results which reinforce the huge upside that we see across the Bardoc Gold Project.”

If Bardoc can add some grade to any future upgraded resource estimate at Zoroastrian, the deposit could take on a distinctly different flavour – and with new hits going up to 7 grams per tonne gold, this doesn’t look to be out of the question.

Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au