Bardoc Gold (ASX:BDC) - Outgoing CEO, Robert Ryan
Outgoing CEO, Robert Ryan
Source: Bardoc Gold
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Bardoc Gold (BDC) has updated the mineral resource for its namesake gold project in Western Australia
  • Resource updates were seen at the Zoroastrian and Mayday North deposits, as well as the El Dorado satellite
  • These updates are likely to result in a positive update to ore reserves for the upcoming definitive feasibility study
  • Bardoc is now drilling at the Aphrodite Sigma Lode to target high-grade inferred material to increase it to measured or indicated
  • Company shares are down a slight 1.3 per cent and are currently trading for 7.6 cents each

Bardoc Gold (BDC) has updated the mineral resource for its namesake gold project in Western Australia.

At the Zoroastrian Deposit, there was a 45 per cent increase in indicated ounces to 119,000 ounces of gold, a 36 per cent increase in indicated tonnes to 789,000 tonnes, and a six per cent increase in indicated grade to 4.7g/t gold.

These updates are likely to result in a positive update to ore reserves for the definitive feasibility study (DFS).

The Mayday North Deposit now has 66,000 ounces of gold in the indicated category, representing a 26 per cent increase in global tonnes to 1.78 million tonnes and a six per cent increase in global ounces to 84,000 ounces of gold.

Furthermore, the El Dorado satellite resource grew to 39,000 ounces with 9000 ounces of indicated material.

Work at El Dorado has also outlined a high-grade shoot that warrants further exploration to test for down-plunge extensions.

These updates at both Mayday North and El Dorado confirm the validity of Bardoc’s strategy of developing prospects with the potential to have a positive impact on the upcoming DFS.

“The upgraded mineral resource reflects several months of highly successful in-fill drilling across our cornerstone deposits and the satellite deposits at El Dorado and Mayday North,” CEO Robert Ryan said.

“In essence, we have been ablate increase the higher-confidence measured and indicated ounces and substantially de-risk our mine plan,” Ryan said.

Bardoc is now drilling at the Aphrodite Sigma Lode to target high-grade inferred material to increase it to measured or indicated.

Company shares are down a slight 1.3 per cent and are trading for 7.6 cents each at 12:42 pm AEST.

BDC by the numbers
More From The Market Online
The Market Online Video

Frontier Energy (ASX:FHE) secures debt financing for Waroona

In this interview, CEO Adam Kiley, discusses Frontier Energy securing debt financing for its Renewable Energy Project, in Waroona, Western Australia.
The Market Online Video

Triton Minerals (ASX:TON) executes material transaction for Ancuabe Graphite Project, Mozambique

Keely Lynch:

It’s hard to imagine a world without a mining company called Anglo American

Growing up in South Africa it seemed inconceivable that Anglo American, a mining colossus at its zenith…

Matador snaffles high grade copper play in Newfoundland

Matador Mining is set to add a high-grade copper play in the Canadian province of Newfoundland…