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Bardoc Gold Ltd halts stock ahead of PFS release for gold project

The trading halt will be in place until Tuesday March 17 or when an announcement is made to market, whichever occurs earliest.

Bardoc Gold Ltd - Bardoc Gold in trading halt ahead of Bardoc Gold Project PFS announcement
The PFS is set to be based on the Zoroastrian, Excelsior and Aphrodite gold deposits

Bardoc Gold Ltd (ASX:BDC) shares have been halted ahead of an announcement regarding the completion of the pre-feasibility study (PFS) on the Bardoc Gold Project in Western Australia.

The trading halt will remain in place until the beginning of trade on Tuesday March 17 or when an announcement is made to market, whichever occurs earliest.

Drilling results underpin resource growth

Recently, the company discovered new exploration targets with the potential for a resource upgrade at the Mayday North deposit within the wider Bardoc Gold Project in February 2020.

Drilling confirmed the potential for Mayday North to become a satellite deposit following results such as 12 metres at 2.45 g/t gold from 125 metres, including 4 metres at 3.98 g/t from 126 metres received.

Chief executive officer Robert Ryan said: “This is an exciting development given that it is our first serious drilling campaign since acquiring the Mayday North Project last year.”

Quick facts: Bardoc Gold Ltd

Price: 0.089 AUD

ASX:BDC
Market: ASX
Market Cap: $124.22 m
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Bardoc Gold Ltd 'has potential to be Australia's next mid-tier gold producer'

Bardoc Gold Ltd's (ASX:BDC) CEO Robert Ryan speaks to Proactive London's Andrew Scott soon after announcing the pre-feasibility study results on its Bardoc Gold Project in Western Australia. The PFS returned a forecast average production of 135,000 ounces per annum at an AISC of $1,220 per...

on 17/3/20

2 min read