Summary

  • Bardoc Gold Limited (ASX: BDC) has got excellent 1.7 Moz Aphrodite Gold Deposit and 500koz in Ore Reserves at Bardoc Gold Project.
  • Shallow Supergene Mineralization in the under-explored Sigma Lode is confirmed by drilling. Suggests high growth potential in Bardoc’s gold drilling project.
  • Bardoc is trading at A$0.078 at 02:23 pm AEDT on Friday, November 20, 2020.

Bardoc Gold Limited (ASX: BDC), an Australian Gold Mining company has confirmed a high potential deposit at Cornerstone 1.7 Moz Aphrodite deposit in its Sigma Lode which is an unexplored part of its 3.03Moz Bardoc namesake gold project near Kalgoorlie.

Shallow supergene mineralization along with significant widths and grade of mineralization in fresh rock is confirmed by resource definition drilling at Sigma Lode. Supergene mineralization is a flat-lying formation, and further modelling is required for advance optimization. The Aphrodite Deposit also contains a 500koz of ore reserves.

Interesting Read: Bardoc Raises Fund to Fast-Track Production at its Bardoc Gold Project

The Sigma Lode is under-explored and is located at a distance of just 120-150m east of Alpha & Phi Lode which are having high potential and delivering well.

The recent discovery will boost the potential to expand shallow supergene ore reserves and to delineate deeper deposits as stated by Bardoc Gold’s Chief Executive Officer, Mr Robert Ryan.

Mr Ryan further said:

Interesting Read: Bardoc Gold Expands Its Exploration Footprints At Kalgoorlie, WA

Current resource definition and exploration Reverse Circulation (RC) drilling comprising 26 holes for 4,592m depth has shown astonishing results including  21 metres at 3.94g/t gold from 147 metres including 7m at 6.12g/t gold from 161 metres,

Further confirmation from drilling is required to transfer the mineralization from Inferred to Indicated Resource classification. As a result of which an RC drilling rig is mobilizing to North Kanowna.

Air-core drilling and diamond core drilling are currently underway in the Aphrodite deposit lying in the east & north side respectively of the recently discovered area. Exploratory diamond drilling continues at the northern end of the Zoroastrian deposit where the company got excellent deposit previously.

Interesting Read: Bardoc Gold Receives Encouraging Results from High-Grade Extensional Drilling at Zoroastrian

Bardoc is trading at A$0.078 at 02:23 pm AEDT on 20 November 2020. The company has a market cap of A$135.01 million.

 

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