Bardoc Gold Ltd (ASX:BDC) has received wide gold intersections from recent infill and exploration drilling at the Zorastrian and Excelsior deposits in Western Australia that point to growth in the 3.3-million-ounce resource at Bardoc Gold Project.
Drilling results targeted areas of lower confidence mineralisation in the respective resource models at the cornerstone deposits.
These pave the way for inclusion of the areas in an updated ore reserve as part of the upcoming definitive feasibility study (DFS), while also identifying extensions to known deposits.
Best intersections include 12 metres at 2.17 g/t gold from 194 metres at Zorastrian and 12 metres at 1.25 g/t from 171 metres and 14 metres at 1.65 g/t from 253 metres, both at Excelsior.
Exploration drilling is continuing with four drill rigs at Mayday North, North Kanowna Star and along key targets on the Bardoc Tectonic Zone.
2021 to be “transformational”
Given the high level of exploration activity across the Bardoc Gold Project, the company expects to be able to deliver a high frequency of newsflow over the coming weeks in the lead-up to the DFS, targeted for delivery by the end of March 2021.
Chief executive officer Robert Ryan said: “The latest results from Zoroastrian continue to show the exceptional potential within the multi-lode system at the northern end of the deposit while drilling at Excelsior has confirmed the current resource, paving the way for the inclusion of additional reserve ounces in the upcoming DFS.
“As the laboratories continue to process the backlog of sample assays from 2020, we are continuing our exploration efforts to unlock the significant potential along the Bardoc Tectonic Zone, as well as our Mayday North and North Kanowna Star Projects.
“With turnaround times for assays now rapidly improving, we are looking forward to strong newsflow in the weeks ahead.
“2021 is set to be a transformational year for Bardoc as we close-in on the release of our definitive feasibility study in March and move rapidly to get the project funded, make a final investment decision and move into the construction of a substantial new Australian gold project later this year.”
Immediate next steps at Bardoc include:
- Aircore drilling is continuing along the Bardoc Tectonic Zone;
- RC drilling is continuing at North Kanowna Star and Mayday North;
- Environmental approvals are underway; and
- Final pit designs and scheduling are underway for the DFS, which is on track for delivery in late March 2021.