- 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.