These four +1moz explorers keep uncovering more treasure
28th February 2020
Resources Rising Stars
A revitalised junior gold exploration sector is enjoying positive investor sentiment and, more importantly, true exploration success (reports Stockhead).
This morning’s big announcements come from Bardoc Gold, Oklo Resources, Los Cerros and Arrow Minerals.
Bardoc Gold (ASX:BDC) has already bagged up a significant 3.02-million-ounce (moz) gold resource at its namesake project near Kalgoorlie in WA.
Fresh success at the newly acquired ‘Mayday North’ prospect, including 12m at 2.45 grams per tonne (g/t) gold, means that Bardoc will probably look at expanding the 79,000oz deposit and “establish it as a significant satellite mining opportunity”, Bardoc says.
The company has now established an additional ‘exploration target’ for Mayday North of up to 171,000oz.
“This an exciting development given that it is our first serious drilling campaign since acquiring the Mayday North project last year,” chief exec Robert Ryan says.
“The new results, coupled with the excellent results from last year, have clearly demonstrated the presence of a large gold system within an under-explored area that has seen virtually no modern exploration.”
A pre-feasibility study (PFS) based on the current 3moz resource is in its final phases and due for release late this quarter, the company says.
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