The ‘significant’ widths and grades of up to 16.4 metres at 2.8 g/t gold provide further support for an impending mineral resource estimate at the Bardoc project.
Castlereagh is an area of substantial mineralisation and comprises both the Castlereagh and South Castlereagh mineralised systems, with the Nerrin Nerrin prospect about 700 metres to the southwest.
South Castlereagh is interpreted as the southern extension of the Excelsior Shear, which hosts prospects with broad mineralisation along its entire 8-kilometre strike length.
Diamond drilling returned “excellent assays”
Bardoc Gold’s chief executive officer Robert Ryan said the diamond drilling at South Castlereagh returned excellent assays as well as invaluable geological knowledge which will assist with the impending mineral resource estimate.
“Castlereagh South continues to deliver broad, high-grade near-surface intersections which are amenable to open pit mining, with these latest diamond core results continuing our impressive run of drilling success,” he said.
“The emergence of South Castlereagh is consistent with the company’s focus on developing a pipeline of satellite projects to complement our cornerstone deposits at Zoroastrian, Aphrodite and Excelsior.
“Mining studies will begin following the release of the project-wide mineral resource update with pre-feasibility studies due in quarter-four.”
Two diamond core drill holes were drilled at South Castlereagh towards the southeast in order to optimally intersect the South Castlereagh main lodes as well as the controlling lithology and structures.
- 16.4 metres at 2.81 g/t gold from 93 metres, including 3.8 metres at 5.3 g/t from 97.2 metres;
- 11.9 metres at 1.44 g/t from 112 metres; and
- 3.3 metres at 3.48 g/t from 145.7 metres, including 1 metre at 10.38 g/t from 148 metres.
The diamond core results support previously announced results such as:
- 14 metres at 4.04 g/t from 130 metres, including 7 metres at 5.78 g/t from 131 metres; and
- 23 metres at 2.27 g/t from 138 metres, including 4 metres at 6.63 g/t from 152 metres.
Resource estimation is in progress on several prospects and this is expected to be released later this quarter.
Data collection for pXRF work is ongoing to aid in exploration and targeting as well as prospect evaluation and ranking.
The first phase of RAB drilling at the Bulletin South and Black Flag Fault areas has been completed and results are pending.