trending Market Intelligence /marketintelligence/en/news-insights/trending/VuMWekcxurDfwVJZf_S6wQ2 content esgSubNav
In This List

Bardoc acquires 2 properties near namesake gold project

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Bardoc acquires 2 properties near namesake gold project

Bardoc Gold Ltd. expanded the land area of its flagship namesake gold project in Western Australia by 10% after executing a deal to acquire the Mayday North and North Kanowna Star properties.

Consideration comprises 12 million Bardoc shares, escrowed for nine months, and a production royalty of A$15 per ounce from tenements M27/140 and M27/102 for the first 50,000 ounces of production.

Mayday North and North Kanowna, which cover 20 square kilometers, are trucking distance to the east of the Bardoc project. The company said Sept. 9 that the two properties offer significant exploration and resource extension upside. An exploration program is planned to extend and upgrade the projects' mineralization.

The Mayday North deposit hosts indicated and inferred resources of 1.41 million tonnes grading 1.7 g/t of gold for 79,300 ounces of gold, while the North Kanowna Star deposit hosts indicated and inferred resources of 716,000 tonnes grading 1.4 g/t of gold for 32,300 ounces of gold, based on a March 2015 JORC-compliant estimate.

The company recently executed a deal to acquire the Vettersburg license, which is contiguous to the Bardoc project.