Bardoc Gold (ASX:BDC) has now extended the total strike length at South Castlereagh to approximately 500 meters after the most recent batch of assay results confirmed the presence of more gold. While drill results of 23 meters at 2.27 g/t gold and 12 meters at 1.4 g/t gold only start at a depth of respectively 138 meters and 133 meters down-hole, there are also some very encouraging shallow intercepts such as 8 meters at 3.39 g/t from 13 meters and 15 meters at 4.57 g/t starting at just 17 meters.
Bardoc is continuing its drill program at South Castlereagh where it has now completed over 2,000 meters of RC drilling, confirming its exploration thesis which was built on finding more gold beneath a depletion zone. This meant the historical drilling on the property was too shallow, and the deeper holes Bardoc is currently drilling are confirming there definitely is gold left on the property while a diamond drill hole also intercepted ultra high-grade mineralization with for instance just over 1 meters containing in excess of 70 g/t gold.
South Castlereagh is part of the Bardoc gold project which currently already contains in excess of 2.58 million ounces of gold (of which 1.7 million ounces are classified as ‘open pittable’), spread over several smaller deposits. Bardoc has just completed an A$12M capital raise so it should be able to continue to advance the project without any interruptions.
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The author has no position in Bardoc Gold. Please read the disclaimer
