FREMANTLE: Bardoc Gold Limited has completed the acquisition of the Mayday and North Kanowna Star gold projects from Strategic Projects Mining Pty Ltd.
The project areas include a combined JORC compliant Indicated and Inferred Mineral Resource totalling 111,600oz, which the Company aims to expand over the coming months through a +10,000m Reverse Circulation and diamond drill program.
The tenements have had minimal modern exploration and offer numerous exploration opportunities and walk-up drill targets, including immediate extensions of the currently defined JORC Mineral Resources. The acquisition is consistent with Bardoc Gold’s strategy of establishing a sizeable gold Mineral Resource base in the Kalgoorlie district though a combination of strategic exploration and M&A activity.
Bardoc Gold’s Chief Executive Officer, Robert Ryan, said the completion of the dual acquisitions cleared the way for an exciting new phase of exploration drilling at the Bardoc Gold Project. “With the acquisition of the Mayday and North Kanowna Star Projects now complete, we have begun access preparations to mobilise drill rigs to site, with drilling set to begin as soon as we complete the current round of follow-up drilling at El Dorado. With samples from that drilling already going into the laboratory and a major new phase of drilling set to begin shortly, investors can look forward to a steadily increasing flow of news over the coming weeks as we work to increase the confidence in the current Resource and expand it through step-out drilling”.
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