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Bardoc Gold drills broad gold in first holes at Mayday North

Results have demonstrated the potential for substantial growth in the existing JORC resource at the recently acquired Mayday North Project.

Bardoc Gold Ltd - Bardoc Gold drills broad gold in first holes at Mayday North
Mayday North is part of the greater flagship 3.02-million-ounce gold Bardoc Gold Project

Bardoc Gold Ltd (ASX:BDC) has drilled 14 metres at 2.96 g/t gold from 130 metres and 18 metres at 2.57 g/t gold from 103 metres from its Mayday North Project in Western Australia.

Mayday North is a satellite deposit with an existing 79,000-ounce gold JORC resource.

These results confirm the position of the mineralisation and are significantly wider than the existing resource.

Notably, drilling encountered intense alteration associated with the gold mineralisation and this is indicative of a major mineralised system which has been under-explored over the past 15 years.

Drilling is part of the program targeting the satellite deposits within the company’s 100%-owned 3.02-million-ounce greater Bardoc Gold Project.

Drilling is to re-commence at Mayday North in January 2020 and additional assay results are also expected in January from the recently completed drilling at El Dorado and North Kanowna Star.

Initial results already shot expansion opportunity

Bardoc’s CEO Robert Ryan said: “The recent drilling at Mayday North has not only confirmed the consistent wide, high-grade intercepts observed in historical drilling, it has also shown that the existing 79koz Resource forms part of a potentially much larger, intensely altered mineralised unit which is crying out for more drilling.

“The mineralised zone remains open to the north and down-plunge and we are looking forward to testing these positions with follow-up drilling that will commence early in the New Year.

Assays pending for El Dorado and North Kanowna Star

“As we await additional assay results from the recent drilling at El Dorado and North Kanowna Star, 2020 looks set to be another significant year for Bardoc Gold as we work to grow and upgrade our resource base while completing our pre-feasibility study based on the current 3.02Moz Mineral Resource.

“With consolidation activity and investor interest in the Australian gold sector – and particularly in the Kalgoorlie region – continuing to increase, this is a great time to be building a large gold resource base and laying the foundations for a long-term mining operation in one of the world’s tier-1 gold districts.

“We are looking forward to what we anticipate will be another very active and successful year for the company, underpinned by our strong balance sheet and highly experienced exploration and project development team.”

Quick facts: Bardoc Gold Ltd

Price: 0.08 AUD

Market: ASX
Market Cap: $137.19 m

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