Proactiveinvestors Australia Bardoc Gold Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Bardoc Gold Ltd RSS feed en Mon, 27 May 2019 01:27:20 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![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.”

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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

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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

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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