ASX-listed company Black Dragon Gold (ASX:BDG) reports it has identified ‘significant’ gold-in-soil anomalies following a soil sampling campaign at its 100% owned Padbury Gold Project in Western Australia (WA).
The results, generated by 541 new samples, have defined a total 8km trend of gold-in-soil anomalies across multiple prospects hosted within the Padbury project tenement and are reported to be coincident with a east-southeast striking structural grain.
The ‘significant’ gold-in-soil anomalies include: 3700m x 700m anomaly at the Fenceline prospect, 2300m x 1100m anomaly at the Ross’s Bore prospect and a 1000m x 350m anomaly at the Honey Pot Hill prospect.
Soil sampling utilised the innovative CSIRO Ultrafine technique and represents the first ‘significant’ Au exploration program at the project beyond traditional surface prospecting activity.
The utilisation of the Ultrafine technique is reported to reduce the nugget effect and is designed to detect bedrock accumulation including Au from intrusion related Au structures.
Speaking on the results, Black Dragon Gold Managing Director, Gabriel Chiappini says: “The results of phase one of this maiden exploration program using modern techniques at our recently acquired Western Australian asset gives us confidence to proceed with the next phase of activity. I am pleased we achieved our objective of identifying drill targets with our first attempt at gathering data at Padbury Gold.
“The results of phase one of this maiden exploration program using modern techniques at our recently acquired Western Australian asset gives us confidence to proceed with the next phase of activity”
Going forward, our next steps involve identifying drill targets for large-scale intrusion related gold structures existing at Padbury Gold.
The company looks forward to developing its first Western Australian drill programs to test these compelling targets in an area that has long been subject to successful surface prospecting activity.”
The company also notes that these identified gold anomalies are coincident with prospecting surface Au occurrences and regional trends in structural geology.
In addition, analysis of the multi-element data indicates there is a spatial association with elevated lanthanum-cerium-magnesium-calcium, demonstrating potential carbonate alteration in geological structures, as well as copper-silver-mercury mineralisation.
The presence of these minerals supports the belief that the source of anomalism is likely related to a bedrock accumulation of mineralisation.
Black Dragon Gold is an Australian company that is headed by a highly experienced management and technical team focused on bringing its 100% owned Salave Gold Project into production as soon as possible and creating shareholder value. The company’s Padbury project is located about 90kms north-northwest of the township of Meekatharra within WA’s Yilgarn Craton area and represents one of the projects acquired by the company following its acquisition of New South Wales-based private company Marlee Gold. The Padbury project currently covers a total land area of 366km-square.
With the soil sampling campaign now complete, Black Dragon Gold announces it has moved forward with planning for a drilling program to test the identified Au targets.
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