MayDay / North Kanowna Star Deposits

Western Australia

In 2019 Bardoc acquired the Mayday and North Kanowna Star deposits located immediately east of the Bardoc Gold project. The acquisition includes three Mining Licences, four Prospecting Licenses and one Miscellaneous Licence covering a total area of 20km2. The Mayday North Project is located within easy trucking distance ~50km and the North Kanowna Star Project ~22km to the east of the Bardoc Project.

The project areas include a combined JORC compliant Indicated and Inferred Mineral Resource totalling 111,600oz, representing an important and low-cost strategic addition to the Company’s existing Mineral Resource base in the district

The Mayday North Project is situated in the Eastern Goldfields Province of the Yilgarn Craton. Mayday North lies within the Gindalbie terrane that is bounded by the Emu Fault to the east, the Mount Monger fault to the west and the Randall Fault to the south. Primary gold mineralisation occurs in a tabular, brecciated zone adjacent to the sheared contact between an amphibole basalt and a chloritic basalt. Sulphide veining and brittle fracturing filled with silica, pyrite and arsenopyrite are the dominant hosts of mineralisation. The mineralised zone dips at approximately 45° northeast and has a typical thickness of 10-20m.

The North Kanowna Star (“NKS”) project is located within the Boorara Domain of the Kalgoorlie Terrane. The stratigraphic succession is equivalent to the Black Flag Beds and is intruded by granitoids and porphyries in the region. An interpreted north-north-westerly trending shear zone passes through the tenement and is manifested in the field by a series of narrow shears. These shears are best developed at the contacts between felsic tuffaceous units and the mafic gabbroic and basaltic lithologies. Gold mineralisation in the area is mainly hosted by the felsic lithologies near the sheared contacts with the mafic rock types. Typically a 150o to 160o striking and moderate (60o to 70o) east dipping quartz vein set sub-parallels the regional foliation and is intersected in shallow costeans and trenches. The presence of NNE trending, quartz-feldspar porphyry intrusions is also considered to be an important control.

The North Kanowna Star deposit has a current JORC Resource of 716kt @ 1.4g/t Au for 32.3koz of contained Au.