Black Dragon Gold (ASX:BDG) reports it has completed its first phase of exploration reconnaissance soil sampling at the recently acquired Padbury Gold Project, located northwest of Meekatharra in Western Australia.
The initiative is the first step in Stage One of a new exploration program targeting gold anomalies via soil samples across a 15km trend of gold occurrences identified in prospecting and historical stream sediment sampling.
Samples were collected along watershed ridge lines between 400m and 1.2km apart, with sample spacing between 80m and 600m apart.
All samples have now been prepared and are at an independent laboratory in Perth for assaying with results expected within 6 weeks.
Black Dragon’s Marlee Gold acquisition included the Padbury Gold Project, located approximately 90km north-northwest of Meekatharra in Western Australia on the Yilgarn Craton margin.
Previous exploration consists principally of prospecting, with minimal exploration using contemporary techniques.
Historical prospecting data has been compiled and identified multiple extensive gold occurrences hosted in granite, generally in flakes and nuggets with some still attached to vein quartz, indicating a proximal source.
Black Dragon Managing Director and CEO Gabriel Chiappini said Stage One exploration at the ‘highly prospective’ and ‘underexplored’ Padbury Gold Project presented an opportunity to consolidate previous prospecting work and to outline a gold system and structure, and identify drill targets.
“The program is applying modern exploration techniques to determine the extensiveness of gold mineralisation, with a view to identifying drill targets”
“The program is applying modern exploration techniques to determine the extensiveness of gold mineralisation, with a view to identifying drill targets.
I’m pleased that we have been able to undertake exploration work within the first month of acquiring Padbury Gold Project in the North Yilgarn Craton.
We expect to receive the sample analyses in the next 6 weeks with a view to progress to our next phase of exploration.
Our exploration team encountered significant quartz outcropping fields with a significant number of surface samples taken in the vicinity of these outcrops.”
Black Dragon Gold is an Australian company with a global portfolio of exploration assets. The company’s flagship project is Salve, one of the ‘largest underdeveloped’ gold projects in Europe.
Salve is 100% owned by the Black Dragon and is situated in the Asturias province in the North of Spain.
Recently, Black Dragon acquired local mining explorer Marlee Gold as part of its growth strategy.
The deal included the purchase of three permits with early-exploration discovering near-surface gold.
The Salve project has a Measured Mineral Resource of 1.03Mt grading 5.59g/t Au, containing 0.19Moz of gold; an indicated Mineral Resource of 7.18Mt grading 4.43g/t Au, containing 1.02Moz of gold, plus Inferred Resources totalling 3.12Mt grading 3.47g/t Au, containing 0.35Moz of gold.
Images: Black Dragon Gold Limited