- Bardoc Gold has completed the purchase of the Mayday and North Kanowna Star gold projects from Strategic Projects Mining
- Bardoc considers the projects to be under-explored and will therefore give solid exploration and resource extension upside
- The company is planning a drilling program for over 10,000 metres to expand the Mineral Resource
- Owning these projects is consistent with Bardoc’s strategy of establishing a significant gold Mineral Resource base in the Kalgoorlie district
- Company shares are up slightly by 1.01 per cent, and trading for 10 cents each
Bardoc Gold has completed the acquisition of the Mayday and North Kanowna Star gold projects from Strategic Projects Mining.
The Australian gold company first announced the acquisition on September 9 2019.
The company believes the projects are under-explored and will therefore provide solid exploration and resource extension upside.
Mayday and North Kanowna Star are located in the Kalgoorlie region of Western Australia.
Currently, the company owns the Bardoc Gold Project which is also located in Kalgoorlie.
The newly-acquired project areas include a combined JORC compliant Indicated and Inferred Mineral Resource totalling 111,600 ounces.
Bardoc aims to expand this resource over the next few months through a Reverse Circulation (RC) and diamond drill program of over 10,000 metres.
“With the acquisition of the Mayday and North Kanowna Star Projects now complete, we have begun access preparations to mobilise drill rigs to site, with drilling set to begin as soon as we complete the current round of follow-up drilling at El Dorado,” Company CEO Robert Ryan said.
Tenements at the combined projects have had minimal modern exploration and offer numerous exploration opportunities and walk-up drill targets.
Additionally, Bardoc is ramping up preparations to drill a new phase at the El Dorado deposit at the Bardoc Gold Project.
“Investors can look forward to a steadily increasing flow of news over the coming weeks as we work to increase the confidence in the current Resource and expand it through step-out drilling,” Robert added.
Acquiring these projects is consistent with Bardoc’s strategy of establishing a significant gold Mineral Resource base in the Kalgoorlie district.
Company shares are up slightly by 1.01 per cent, and trading for 10 cents each at 2:57 pm AEDT.