trending Market Intelligence /marketintelligence/en/news-insights/trending/qDFw3rZWSfJdV8aWpFGhUQ2 content esgSubNav
In This List

Bardoc Gold expands drilling program at namesake project to over 40,000 meters

Blog

Post COVID-19: Gold Mining and Production

Blog

Metals & Mining Insights May 2021

Blog

European Energy Insights - May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective


Bardoc Gold expands drilling program at namesake project to over 40,000 meters

Bardoc Gold Ltd. said June 4 that it has expanded an ongoing resource expansion and exploration drilling program at its namesake gold project in Western Australia to over 40,000 meters, following the success of the current program of over 10,000 meters that has already yielded new shallow discoveries and confirmed extensions of known deposits.

The increased exploration investment aims to grow the resource of the Bardoc project to underpin feasibility studies. The core focus of the exploration is targeting the Black Flag Fault and the Bulletin North West trend.

The results of the campaign will be included in an updated resource estimate, planned for the third quarter. The project's resources were last updated in November 2018 to measured, indicated and inferred resources of 2.6 million ounces of gold within 38.6 million tonnes of ore at an average grade of 2.1 g/t gold.

Bardoc Gold raised A$12 million in April to test new exploration targets at the project, then it signed an agreement in May with Torian Resources Ltd. to expand it through the acquisition of 40 tenements spanning 49 square kilometers.