Bardoc reports further broad, high-grade results from El Dorado

Bardoc Gold Limited (ASX: BDC) has announced further outstanding drilling results from the El Dorado Deposit within its Bardoc Gold Project in Western Australia.

The company reported that a high-grade zone of mineralisation has been identified at depth outside of the current Mineral Resource at El Dorado.

Some of the latest key assay results include 11m @ 11.38g/t Au from 196m including 5m @ 23.34g/t Au from 200m; and 9m @ 4.71g/t Au from 173m including 5m @ 7.63g/t Au from 175m.

BDC said that assays are pending from recently completed diamond drill holes, with follow-up Reverse Circulation drilling underway to test the mineralisation to the south.

BDC said that the ongoing success at El Dorado highlights the opportunity to increase gold resources at previously under-explored satellite deposits within the Bardoc Project.

The company reported that exploration drilling for 2020 has commenced across the Bardoc Gold Project.

Bardoc gold project

BDC’s 100%-owned 3.02Moz Bardoc Gold Project is located 50km north of Kalgoorlie in Western Australia. There are four main deposits and a multitude of smaller projects within the 250km2 landholding.

Historic gold production of 56,700 ounces was recorded from the Bardoc Mining Centre located in the central part of the Project. This production occurred largely from the underground Zoroastrian mine.

Recent production was from the Zoroastrian and Excelsior open pits by Aberfoyle Gold, totaling 2,220,000 tonnes at 1.6g/t Au for 113,000 ounces of gold.

Drilling at El Dorado

The company had completed Reverse Circulation (RC) drilling before Christmas at the El Dorado Deposit within the Bardoc Gold Project.

The company said that the drilling has confirmed the continuity of a broad zone of high-grade mineralisation directly below the current Mineral Resource.

The company reported that the results from recent Reverse Circulation (RC) and diamond drilling (DD) at the El Dorado Deposit have defined a high-grade core of the mineralisation approximately 170m below surface which is interpreted as an extension to higher grade zones observed in the recently updated Mineral Resource.

BDC said that this correlates with recently reported results and indicate an increasing grade profile at depth, as well as highlight strong growth potential.

High-grade results

Bardoc said that high-grade assay results were reported from El Dorado.

New results from this high-grade area include 11m @ 11.38g/t Au from 196m including 5m @ 23.34g/t Au from 200m in KNC190105; and 9m @ 4.71g/t Au from 173m including 5m @ 7.63g/t Au from 175m in KNCD190090.

Some of the recently reported results include 19m @ 5.77g/t Au from 164m including 6m @ 8.03g/t Au from 166m in KNC190100 (reported on 3/12/2109); and 28m @ 13.59g/t Au from 176m including 6m @ 57.7g/t Au from 176m in KNC190079 (reported on 8/10/2019).

The company noted that the new results suggest that the grade profile is improving at depth, providing a series of high-quality targets for additional follow-up drilling.

BDC said that the impressive results being generated by deeper drilling at El Dorado are another reminder of the substantial exploration upside across the 3.02Moz Bardoc Project, and reflected the success of the Company’s targeted exploration approach.

The company said that the RC drilling resumed at the start of this week is targeting extensions of the mineralisation to the south.

BDC said that once this round of RC drilling is completed in the next few days, the RC rig will move to Mayday North.

Drilling to recommence at Mayday North

The company announced that the diamond core drilling at the 79koz Mayday North Deposit is scheduled to re-commence this week. This will operate in parallel with the RC rig once it has relocated from El Dorado.

The company expressed confidence that the combined drilling effort will expedite exploration results from this newly acquired resource.

Updates and next steps

The company reported that exploration work is ongoing at this time and may involve the drilling of more drill holes, both DC and RC, to further extend the mineralised zones and to collect additional detailed data on known and as yet unidentified mineralized zones.

The company said that a number of assay results from diamond drilling completed in late 2019 are still pending. These are expected to be reported in the near-term.

BDC said that the exploration drilling with both an RC and diamond rig will continue both to extend and increase the confidence in the Company’s Mineral Resources.

The company said that the assay results from the under-explored North Kanowna Star prospect are expected shortly.

BDC reported that the WA State Govt EIS co-funded drilling at the Black Flag Fault is being logged and interpreted.

The company said that a project-wide resource update is expected to be announced later this year. In the meantime, BDC said that work is well advanced on a Pre-Feasibility Study (PFS) based on the current 3.02Moz Mineral Resource and is on track to be finalised and reported to the market in Q1 2020.

Management comments

Bardoc Gold’s Chief Executive Officer, Robert Ryan, said: “The latest results from El Dorado show there is a high-grade core to the mineralisation outside the current resource model.

We have also seen grades improving with depth, which has given us the confidence to remobilise the RC drill rig to target further extensions while we await assays from the remainder of the 2019 drill program.

As gold reaches new record highs in Australian dollar terms of over $2,300/ounce, Bardoc’s strategy of building a sizeable, high-quality resource in Australia’s premier gold mining district has positioned the company well to become a sustainable gold producer.

PFS studies are progressing well with results expected later this quarter and, while our cornerstone deposits at Aphrodite, Zoroastrian and Excelsior are the focus of this study, our recent exploration successes show there is still significant upside to our plan.”

Written By Jonathan Norris
Jonathan is a founder of and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.