Proactiveinvestors Australia Bardoc Gold Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Bardoc Gold Ltd RSS feed en Wed, 24 Jul 2019 08:24:43 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Bardoc Gold confirms Zoroastrian potential at namesake project in WA Goldfields ]]> https://www.proactiveinvestors.com.au/companies/news/224053/bardoc-gold-confirms-zoroastrian-potential-at-namesake-project-in-wa-goldfields-224053.html Bardoc Gold Ltd (ASX:BDC) is a Western Australian gold explorer formed last year with the merger of Aphrodite Gold Limited (ASX:AQQ) and Excelsior Gold Limited (ASX:EXG).

This created a flagship 200-kilometre landholding in the North Kalgoorlie subregion known as the Bardoc Gold Project.

The North Fremantle company is led by chief executive officer Robert Ryan who joined the company in March 2019.

Ryan is a mining engineer with more than 14 years gold sector experience.

An experienced senior manager, Ryan was a previously a general manager at Norton Gold Fields Limited and a senior consultant at Mining Plus Pty Ltd.

Ryan’s CV includes stints as an underground and open pit superintendent and planning engineer at Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) (ETR:ABR) (BCBA:ABX) and a production engineer at Gold Fields Limited (NYSE:GFI) (JSE:GFI) and St Ives Gold Mine.

What does Bardoc own?

The key asset is the West Australian company’s namesake project, the Bardoc Gold Project in WA.

Bardoc’s wholly-owned flagship project hosts 38.608 million tonnes million tonnes grading 2.1 g/t gold for 2.582 million contained ounces across 12 deposits.

The majority, or 2.3 million, of those ounces are found at the Aphrodite, Zoroastrian and Excelsior deposits at the project.

Last week the company reported “spectacular” high-grade drill results from the Zoroastrian area of the project, including stand-out high grades of up to 528 g/t during extensional drilling.

General results put Zoroastrian grades at 91.9 g/t, an impressive result for the deposit north-northwest of Kalgoorlie and west-southwest of Carosue Dam.

The company confirmed down-plunge continuity outside the resource at Zoroastrian deposit.

Zoroastrian was last estimated as having 6.244 million tonnes of resources at 2.1 g/t for 428,000 ounces.

Aphrodite is the largest of the three main resource deposits at Bardoc, being 20.176 million tonnes grading 2.4 g/t for 1.563 million ounces.

Excelsior, meanwhile, has 7.728 million tonnes grading 1.2 g/t for 309,000 ounces.

Bardoc raised $12.03 million earlier this year to fast track its gold-focused strategy.

That strategy includes a commitment to building a long-term, substantial gold business in the Eastern Goldfields through exploration, acquisition and strategic consolidation.

Bardoc’s other assets include the South Woodie Woodie Manganese Project in WA’s Pilbara region and the England Gold Project in the state’s Laverton district.

Inflection points Further results from Bardoc drilling in the Goldfields Results from other investigations at the company’s Pilbara and Laverton area projects Resource upgrades at its flagship project Bardoc Scoping study and feasibility study progress Significant transactions and financing milestones Gold sector investment and commodity sentiment Bardoc CEO Robert Ryan pleased with “fantastic” interception from Zoroastrian

“We’ve had some success at Zoroastrian,” Bardoc Gold chief executive officer Robert Ryan told Proactive Investors last week.

“We managed to drill down the preferred geological hosting and we’ve had multiple mineralised intercepts within the holes.

“Some of the stand-out grades of those have been 1.6 metres at 91 grams per tonne and that includes a high-grade component at nearly 600 g/t in gold, so that’s been a fantastic intercept for us.

“We also had multiple lodes intercepted in that hole, with 4 metres at 9 grams intercepted as well at 10 metres at 5 (g/t).

“It shows that this Zoroastrian deposit has multiple lodes to depth that are amenable to underground mining.”

 

]]>
Thu, 18 Jul 2019 18:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/224053/bardoc-gold-confirms-zoroastrian-potential-at-namesake-project-in-wa-goldfields-224053.html
<![CDATA[Media files - Bardoc Gold extends Zoroastrian deposit with further high-grade gold results ]]> https://www.proactiveinvestors.com.au/companies/stocktube/14101/bardoc-gold-extends-zoroastrian-deposit-with-further-high-grade-gold-results-14101.html Tue, 16 Jul 2019 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/14101/bardoc-gold-extends-zoroastrian-deposit-with-further-high-grade-gold-results-14101.html <![CDATA[Media files - Bardoc Gold's new CEO focused on growing gold resource inventory at flagship project near Kalgoorlie ]]> https://www.proactiveinvestors.com.au/companies/stocktube/13355/bardoc-gold-s-new-ceo-focused-on-growing-gold-resource-inventory-at-flagship-project-near-kalgoorlie-13355.html Tue, 14 May 2019 23:14:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/13355/bardoc-gold-s-new-ceo-focused-on-growing-gold-resource-inventory-at-flagship-project-near-kalgoorlie-13355.html <![CDATA[News - Bardoc Gold raises $12.03 million to fast-track gold focused strategy ]]> https://www.proactiveinvestors.com.au/companies/news/219145/bardoc-gold-raises-1203-million-to-fast-track-gold-focused-strategy-219145.html Bardoc Gold Ltd (ASX:BDC) has raised a total of $12.03 million in funding via a rights issue to fund exploration and development centred around its Bardoc Gold Project in Western Australia.

The majority of the funds raised is earmarked for progressing exploration and feasibility work at Bardoc, which hosts 2.58 million ounces across four main deposits.

READ: Bardoc Gold intersects high-grade gold up to 16.2 g/t in extensional hole at Zoroastrian deposit near Kalgoorlie

Bardoc’s CEO Robert Ryan said: “We are delighted with the response to the entitlement issue and the previous $7 million placement, which allows us to fast-track our Australian gold strategy and puts us in an outstanding position as an emerging WA gold explorer and developer.

“We have already commenced a +10,000-metre RC and diamond drilling program aimed at discovering new deposits which will add to the 2.6Moz Resource inventory at the Bardoc Gold Project,

“This busy program should generate consistent news-flow over the coming months with the aim to build a Resource inventory of scale and relevance as quickly as we can, to give ourselves the best opportunity of creating a sustainable gold business that will appeal to global investors.”

]]>
Fri, 26 Apr 2019 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219145/bardoc-gold-raises-1203-million-to-fast-track-gold-focused-strategy-219145.html
<![CDATA[News - Bardoc Gold intersects high-grade gold up to 16.2 g/t in extensional hole at Zoroastrian deposit near Kalgoorlie ]]> https://www.proactiveinvestors.com.au/companies/news/215181/bardoc-gold-intersects-high-grade-gold-up-to-162-gt-in-extensional-hole-at-zoroastrian-deposit-near-kalgoorlie-215181.html Bardoc Gold Ltd (ASX:BDC) has received further encouraging results from a program of extensional drilling at the Zorastrian deposit within its 2.6-million-ounce Bardoc Gold Project.

The diamond drill hole KND19002 targeted multiple lodes within the fractioned dolerite unit at Zorastrian. 

Results confirm the extension of the fractionated unit southwards as predicted by the exploration model based on a structural interpretation of core, logging of alteration and machine learning.

Lodes contain multiple high-grade gold shots

Bardoc Gold managing director John Young said: “The latest results have confirmed the continuity of the multiple high-grade zones intersected in the previous diamond hole reported earlier this month.

“This has confirmed the up-plunge extensions of the known mineralisation within the Blueys South and Zorastrian South lodes, each consisting of multiple high-grade gold shots.

“This deposit is clearly opening up at depth and our new geological interpretation allows us to target extensions of the known high-grade mineralisation with far greater accuracy.

“A third diamond hole will be collared this week to target shallower or up-plunge extensions of the deposit.”

Results

Diamond drilling has been completed to target potential up and down-plunge extensions for two of the multiple high-grade lodes.

The best result includes 9.3 metres at 4.32 g/t from 260.7 metres, including 3 metres at 7.34 g/t from 265 metres.

This result is 55 metres up-dip of the previously reported result of 19.07 metres at 6.38 g/t.

Similarly, the Blueys South lode returned 3.85 metres at 16.29 g/t from 123.5 metres up-dip of the previously reported intersection of 7.55 metres at 6.52 g/t.

The geology is now better understood with the Bank of England lode intersected at depth.

Exploration target

The company also generated an exploration target under the JORC 2012 code for the deposit consisting of 1.21-1.5 million tonnes at an average gold grade ranging from 3.36 to 4.2 g/t gold for a total of 140,000-224,000 ounces.

Exploration and modelling of the mineralised structures were completed to a depth of 600 metres with the targeted zones remaining open at depth and down-plunge. 

Future exploration plans

The company plans to advance the Zorastrian deposit in 2019 by:

A combination of reverse and diamond core drilling to infill and extend the mineralisation;

Modelling and investigation of the fractioned portion of the dolerite to better understand its dimensions and geochemistry;

Mineral resource modelling up and exploration target as appropriate; and

Generation of new targets at the deposit.

- Jessica Cummins

]]>
Mon, 25 Feb 2019 01:21:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215181/bardoc-gold-intersects-high-grade-gold-up-to-162-gt-in-extensional-hole-at-zoroastrian-deposit-near-kalgoorlie-215181.html
<![CDATA[News - Bardoc Gold hits of up to 17 g/t confirm growth opportunities at namesake project ]]> https://www.proactiveinvestors.com.au/companies/news/214407/bardoc-gold-hits-of-up-to-17-gt-confirm-growth-opportunities-at-namesake-project-214407.html Bardoc Gold Ltd (ASX:BDC) has intersected high-grade gold of up to 17 g/t at the Bardoc Gold Project north of Kalgoorlie in WA, confirming down-plunge extensions and growth opportunities.

The results from Zoroastrian deposit demonstrate successful testing of the company’s new exploration model and opportunities to grow the gold inventory, highlighting exploration upside.

Best results:

- 2.14 metres at 11.44 g/t gold from 393.4 metres;

- 7.55 metres at 6.52 g/t from 198.5 metres including 3.15 metres at 13.16 g/t from 203.25 metres;

- 19.07 metres at 6.38 g/t from 296.93 metres, including 3.55 metres at 17 g/t from 310.30 metres; and

- 5.53 metres at 4.47 g/t from 368.75 metres.

“Very exciting development”

Bardoc Gold managing director John Young said: “We have been able to transform our thinking about the Zoroastrian deposit compared with the original interpretation based on limited open pit mining undertaken at the deposit by Excelsior Gold.

“This recent work has allowed us to successfully define and explore the target host dolerite unit at depth, resulting in a decision to change the angle of our drilling in order to intersect all of the mineralised lodes at depth, within the favourable host dolerite.

“This is a very exciting development, which suggests that this deposit could well and truly open up down-plunge with multiple high-grade lodes.

“In light of this, we have decided to extend the current drilling program in order to lay the foundations to expand the Bardoc resource in this area.”

 

 

High-grade extensional results

Results are from extensional drilling at Zoroastrian South completed late last year with a further four holes completed in January.

The 1,800-metre reverse circulation (RC) and diamond drilling program tested the high-grade plunge along the newly defined fractionated dolerite, which has the potential to add significantly to the deposit and production profile.

Further drilling planned

Diamond drilling is now underway at the high-grade Mulwarrie satellite deposit, with three holes planned for both geotechnical and structural analysis, ensuring that future RC drilling can be designed to deliver optimal results. 

- Jessica Cummins

]]>
Mon, 11 Feb 2019 22:18:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214407/bardoc-gold-hits-of-up-to-17-gt-confirm-growth-opportunities-at-namesake-project-214407.html