Bardoc Gold Ltd (ASX:BDC) (FRA:4SF) has identified multiple new zones of strong gold anomalism at its North Kanowna Star Project, just 29 kilometres southeast of the proposed mill and mine site at its flagship 100%-owned 3.03 million Bardoc Gold Project in Western Australia.
These new zones of extensive gold anomalism are located on multiple trends up to 3.5 kilometres in length, and require follow-up drilling to better define their extent and gold distribution.
“Outstanding growth opportunity”
Bardoc Gold chief executive officer Robert Ryan said the discovery of major new mineralised trends at North Kanowna Star was an exciting and significant development for the company’s longer-term growth strategy in the North Kalgoorlie region.
He added: “Our existing 1 million ounce mine plan, as defined by the March 2020 pre-feasibility study, was based only on the four main deposits of Aphrodite, Excelsior, Zoroastrian and Bulletin.
“There is considerable upside potential on this plan from further exploration success, particularly at the numerous satellite deposits and emerging exploration opportunities within our 250 square kilometre landholding north of Kalgoorlie.
“The North Kanowna Star Project was a strategic bolt-on acquisition and is a prime example of the outstanding growth opportunities within our portfolio.
“It sits just 29 kilometres from the proposed plant site, so if we are successful in growing the mineral resource or making new discoveries on those tenements, it will immediately come into the frame for our broader mine plan.”
The central and eastern anomalism identified in holes NKS200138 and NKA200133 both end in the top of fresh rock with strongly developed gold anomalism
North Kanowna Star has an existing mineral resource of 32,000 ounces gold and represents an exciting new exploration and growth opportunity for the company.
It is located within an economic haulage radius of the proposed new mining and processing infrastructure at the Bardoc Project.
“Significant gold system potential”
The recently completed air-core drilling program comprising 230 holes for a total of 8,729 metres, has returned results, which include:
➢ 21 metres at 1.56 g/t gold from 36 metres (NKA200051);
➢ 15 metres at 1.22 g/t from 68 metres (NKA200138);
➢ 4 metres at 3.74 g/t from 40 metres (NKA200139);
➢ 4 metres at 3.59 g/t from 52 metres (NKA200200).
Bardoc Gold completed a geophysical gradient array induced polarisation (GAIP) survey over the North Kanowna Star tenements earlier this year, producing anomalies that are co-incident with the gold zones identified by the recent AC drilling.
To rapidly advance these newly defined gold zones, the company is undertaking extensive interpretive studies to better define the most anomalous areas, with the objective of drill testing in the near future.
Ryan said: “Our methodical approach to exploration at North Kanowna Star has paid immediate dividends, with broad high-grade intersections in the first-pass air core drilling.
“The combination of the detailed pXRF analysis and the GAIP survey has identified multiple exploration targets and air-core drilling has now confirmed the presence of mineralisation along these trends.
“With a 3.5 kilometre strike length of strong gold anomalism to test with deeper drilling, North Kanowna Star has the potential to be a significant gold system and is emerging as a major new growth opportunity for the company.
“We are looking forward to seeing what deeper RC drilling can deliver.”
The gold intercepts require follow-up drilling with deeper reverse circulation drilling, which is planned to commence shortly.
Other exploration activities underway include:
➢ Diamond core drilling at Zoroastrian underway to follow up recent outstanding intersections at the northern end of the cornerstone deposit;
➢ Aircore drilling continuing at Aphrodite in areas well away from the known mineralisation, marking the re-commencement of regional exploration in this area after a break of some eight years; and
➢ An RC drill rig mobilised to Mayday North to complete aircore drilling, which required a rig with greater depth capability due to extensive deep weathering in the area, as well as targeting some key areas for deeper exploration drilling.