Assay results from the RC drilling completed at
While exploration work at
This confirms the Company's belief that the recently acquired projects at
In the meantime, work is well advanced on a Pre-Feasibility Study (PFS) based on the current 3.02Moz Mineral Resource and is on track to be finalised and reported to the market this quarter.
NORTH KANOWNA STAR
The scale of the alteration intersected in Company's recent drilling, with significant widths of alteration up to 45 metres encountered down-hole, suggest that the system is large.
Encountering this volume of highly anomalous material in first-pass drilling is an outstanding success, reinforcing the Company's focus on undertaking high-quality geological work that can lead to significant new discoveries and potential step-changes in its understanding of the mineralised systems present on the
The results for this exploration work, beneath the known oxide JORC Mineral Resource, are reported at a 0.3g/t Au cut-off to give a better understanding of the extent of gold anomalism encountered.
All 11 holes drilled intersected mineralisation, the most significant intercepts being:
8m @ 1.26g/t Au from 132m in NKC190001;
17m @ 1.59g/t Au from 26m including 4m @ 4.44g/t Au from 33m in NKC190002;
4m @ 2.23g/t Au from 17m in NKC190006
16m @ 1.29g/t Au from 32m including 4m @ 3.34g/t Au from 32m and;
14m @ 1.68g/t Au from 82m including 4m @ 3.72g/t Au from 85m in NKC190007.
Work by
MAYDAY NORTH
RC and diamond drilling is continuing at the
MANAGEMENT COMMENTS
'When we acquired
'This is the first time a focused exploration program has tested the extensions of the supergene mineralisation into fresh rock, and it has provided multiple mineralised intercepts - importantly within much broader zones of alternation and anomalous gold that suggests we have a very fertile gold system on our hands at
'At the same time, we are planning diamond core drilling to help us gain a better idea of the structural controls in parallel with geophysics, to help determine where the source of the mineralisation may be.
'The Company will continue to grow its satellite projects to ensure that any potential operation at the
NEXT STEPS
RC and diamond core rig at Mayday North until later this week.
RC rig will move to
Geophysical work being planned to better understand the location and influence of several deeper intrusive bodies at
BARDOC GOLD PROJECT - BACKGROUND
DISCLAIMERS AND FORWARD-LOOKING STATEMENTS
This announcement contains forward looking statements. Forward looking statements are often, but not always, identified by the use of words such as 'seek', 'target', 'anticipate', 'forecast', 'believe', 'plan', 'estimate', 'expect' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could' or 'might' occur or be achieved and other similar expressions.
The forward-looking statements in this announcement are based on current expectations, estimates, forecasts and projections about Bardoc and the industry in which they operate. They do, however, relate to future matters and are subject to various inherent risks and uncertainties. Actual events or results may differ materially from the events or results expressed or implied by any forward-looking statements. The past performance of Bardoc is no guarantee of future performance.
None of Bardoc's directors, officers, employees, agents or contractors makes any representation or warranty (either express or implied) as to the accuracy or likelihood of fulfilment of any forward-looking statement, or any events or results expressed or implied in any forward-looking statement, except to the extent required by law. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as at the date of this announcement.
Contact:
Tel: (08) 6215 0090
Email: admin@bardocgold.com.au
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