Bardoc up 15pc after hitting 37m @ 6.21 grams per tonne gold
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ASX gold plays continue to announce some exceptional drilling results as prices for the precious metal remain above the $US1,800 ($2,593) an ounce mark.
Advanced multi-million ounce WA explorer Bardoc Gold (ASX:BDC) has returned a top assay result of 37m grading 6.21 grams per tonne (g/t) gold from a depth of 90m that includes a high-grade interval of 13m at 10.94g/t gold from 90m at the Aphrodite deposit, part of its namesake project near Kalgoorlie.
Results above 5g/t gold are generally considered to be high-grade.
This drilling — outside the existing ore reserve at Aphrodite — has highlighted the potential to discover extensions to existing lodes and additional discoveries within the project’s multi-lode system.
Aphrodite currently has an ore reserve of 500,000 ounces from both open pit and underground sources, within a broader resource of 1.68 million ounces of gold.
Resource infill drilling is underway at the Excelsior and Zoroastrian deposits before the company embarks on a 40,000m exploration program targeting the Mayday North and North Kanowna Star areas along with the Black Flag Fault and Bardoc Tectonic Zone interaction.
“These latest results will go into our resource update at the end of September, with the overall aim of converting our 1 million ounce production target into JORC compliant mining reserves,” chief executive officer Robert Ryan said.
Bryah Resources (ASX:BYH) has noted the presence of visible gold within a sample taken from its recently completed drilling program at the Windalah prospect within WA’s Bryah Basin.
The sample was taken from a high-grade intersection of 2m at 17.19g/t gold from 3m within a broader interval of 12m at 4.32g/t gold from surface.
It plans to submit samples from the recent drilling for bulk gold leach test work.
Reverse circulation drilling is also underway at the Windalah prospect and an electromagnetic conductor target about 7km north of the Peak Hill gold mine and 65km west of Sandfire Resources’ (ASX:SFR) DeGrussa mine.
Bryah was up +10 per cent in morning trade for a 50 per cent gain year-to-date.
Chase Mining Corporation (ASX:CML) has also observed visible gold while drilling at its Lorraine project in southwestern Quebec.
The gold was recorded at a depth of 459.8m at a hole that intersected a footwall alteration zone that has opened up the potential for further mineralisation to be hosted at the project.