Bardoc Gold (ASX:BDC) has now successfully traced the gold mineralization at depth at the Alpha Lode part of the Aphrodite zone (which contains 1.56Moz gold at a grade of 2.4 g/t, including 816,000 ounces in an open pit at 1.7 g/t) as the company intersected 11 meters at 3.64 g/t gold starting at a down-hole depth of around 700 meters (a vertical depth of around 600 meters) which basically confirms the exploration model for the Bardoc gold project.
The mineralization style seems to be quite similar to the Gruyere project which is currently being developed by a joint venture of Gold Fields and Gold Road Resources where the open pit also contains a broader area of gold mineralization which starts to get narrow (and higher grade) at depth.
Additionally, the gold values encountered in the Sigma Shear, which is a new structural target on the Aphrodite Zone appear to be very interesting as well. Perhaps the 8 meters at 1.99 g/t gold and 12 meters of 2.03 g/t gold are a bit too deep (with the intervals starting at respectively 76 meters and 112 meters down-hole), but the 4 meters of 3.25 g/t gold that was encountered just 4 meters downhole is very intriguing as Bardoc is basically scratching high-grade gold off the surface.
The ongoing exploration program at Aphrodite is going well, but Bardoc also had good news from the Lady Kelly prospect, which is less than 10 kilometers south of Zoroastrian (which contains 428,000 ounces gold at an average grade of 2.1 g/t). The company’s drill program was also able to extend the mineralization here with a stunning 19 meters containing 3.55 g/t gold, 8 meters at 1.64 g/t gold and 5 meters at 2.27 g/t gold. All intervals were quite shallow starting at respectively 34 meters, 20 meters and 51 meters downhole.
These intriguing drill results resulted in Bardoc increasing its drill program from 10,000 meters to 40,000 meters, which will include RAB and aircore drilling, a cheap way to do some scout drilling before bringing in the RC and diamond drill rigs to add tonnes to the resource. Bardoc aims to have an updated resource (which will undoubtedly be substantially higher than 3 million ounces of gold, but we are mainly interested to see the amount of ounces in an open pit scenario), followed by economic studies in the fourth quarter of the year.
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The author has no position in Bardoc Gold. Please read the disclaimer
