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Now known as BCD Resources

BCD Resources NL is an Australian listed gold producer generating strong cash flow from annual gold production of approximately 60,000 ounces from the Tasmania Mine in northern Tasmania. It has copper resources in western Victoria on which an economic scoping study has been completed. The company is focused on extending the life of the Tasmania Mine, discovering, developing and acquiring assets such as gold, copper and other base metals.

BCD Resources offers

• Modern mining operation on historically rich goldfield in North East Tasmania
• Current resources of 559,000 ounces gold
• Mill with surplus capacity and good recovery
• Exploration licences over Tasmania’s key historic goldfields
• Attractive copper resources in western Victoria with conceptual development studies completed
• 950 square kilometres of prospective gold and copper tenements in western Victoria

Lefroy Gold Project, Tasmania

The exploration tenements of the Lefroy project, 30 kilometres from the Tasmania Mine, cover 108 square kilometres of the north-east Tasmanian gold province, including at least five known goldfields which historically produced more than 500,000 ounces of gold. The Lefroy goldfield consists of a 5 kilometre long mineralised corridor, within which there are 30 known historically mined reefs. These quartz reefs are hosted in Ordovician aged sediments, similar in nature to the central Victorian gold deposits.

The Pinafore deposit, about 40 kilometres by road from the mill at Beaconsfield, has an inferred resource of 810,000 tonnes at 1.5 grams of gold per tonne (38,000 ounces of contained gold) to a depth of 100 metres. A recent 13 hole programme of infill, angled reverse circulation drilling has yielded results consistent with previous intersections and has confirmed two parallel lodes of mineralisation. The best intersections were in PFRC002 with 18 metres at 1.3 grams per tonne of gold from 39 metres, PFRC003 with 3 metres at 3.4 grams per tonne of gold from 79 metres and PFRC009 with 5 metres at 2.7 grams per tonne of gold from 9m. Pinafore has the potential to provide satellite ore feed from a shallow open pit mine.

Soil sampling over the Lefroy goldfield delineated four prospects which were drilled at the beginning of 2009. Subeconomic gold mineralisation was intersected at all, with the best results being 28 metres at 0.4 grams of gold per tonne from a depth of 62 metres at the Digney prospect and 4 metres at 2.2 grams per tonne of gold from a depth of 56 metres at the Londonderry prospect.

Mathinna Gold Project, Tasmania

The two exploration tenements of the Mathinna project, 140 kilometres from the Tasmania Mine, cover 237 square kilometers and are part of the historic Mathinna goldfield. In the past, drilling of the Gold Ridge prospect intersected 4 metres at 20 grams per tonne of gold and 5 metres at 7.8 grams per tonne of gold. The type of gold mineralisation occurring in this region includes high-grade reefs, zones of stringer style veining and low-grade mineralisation hosted in sandstones.

Victorian Gold Exploration

Current exploration in Victoria is aimed at locating copper and gold mineralisation near the Thursdays Gossan copper deposit of the Stavely project and the Ararat copper deposit of the Ararat project, both located in western Victoria, around 100 kilometres west of Ballarat. The Ararat project area has produced about 600,000 ounces of alluvial gold, for which no significant bedrock sources have been found, and hosts one known VMS-style copper deposit.

Previous gold explorers used various geophysical techniques to identify potential basalt domes, similar in style to that which hosts the Magdala gold deposit at Stawell, a 6 million ounce gold producer which is still in operation. Newcrest confirmed that the Langi Logan gravity target, approximately 30 kilometres south-east of Stawell, is a basalt dome and intersected 2 metres at 9.2 grams of gold per tonne at the basalt contact.

A detailed gravity survey to identify further basalt domes under shallow cover south of Langi Logan is planned. The company has also been awarded a Victorian Government grant of $66,000 towards the drilling of two diamond holes at two Langi Logan style gold targets, due for completion in early 2011.

Within the Stavely project, the Fairview gold prospect is located approximately 1 kilometre south-east of the Junction 1 copper prospect, and forms a strong and continuous gold in soils anomaly, with peak values of 1.1 grams per tonne of gold, discovered by BCD in 2006. There are no historical gold workings on or near Fairview, due to the shallow soil cover. Limited shallow drilling has intersected gold, including 3 metres at 10. 9 grams per tonne and 6 metres at 4.6 grams per tonne.

A detailed ground-based gravity survey in 2009 identified low-density features at Fairview, which are interpreted as porphyry units thought to be significant in the introduction of gold mineralisation. The exploration programme for 2011 includes surface trenching and drilling at Fairview.

Ararat Copper Project

By spending $1 million on exploration, in two stages, over four years, the company can acquire a 75% interest in the Ararat project which has the potential to enhance the development of the Stavely and Ararat copper deposits. Having completed Stage 1 earning requirements of the Ararat Farm-in the company now controls 51% of the project.

The Ararat project tenements (EL3019, EL4758 and EL5076), located east of the Grampians National Park and about 40 kilometres north-east of the Stavely project, cover 220 square kilometers in western Victoria. The Ararat copper deposit has an inferred resource of 0.7 million tonnes at 2.7% copper, 0.8 grams per tonne gold and 9 grams per tonne silver. It was discovered in 1975, has been drilled to a depth of 200 metres, and has not been mined. The best intersection to date is 4.5 metres at 12% copper and 8.1 grams of gold per tonne. This deposit has the potential to provide supplementary high-grade feed to a Thursdays Gossan processing plant, and flotation results from metallurgical testwork of the oxides and sulphides were good, with recoveries as expected and the production of a high grade, clean concentrate without smelter penalty constituents.

Infill and extensional drilling of this copper deposit commenced in October 2009. All four diamond drillholes (ARD001-04) intersected strong copper sulphide mineralisation, with the best intercept of 3.1 metres at 3.1% copper recorded in ARD003. Shallow, angled reverse circulation drilling also confirmed the presence of oxide mineralisation, to a depth of about 30 metres, above the sulphide mineralisation. The best intercepts from the reverse circulation drilling are 9 metres at 1.9% copper from 22 metres in ARC003, 5 metres at 2.9% copper from 8 metres in ARC006 and 7 metres at 1.7% copper from 10 metres in ARC005.

Stavely Copper Project, Victoria

The Stavely project, located south of the Grampians National Park and about 40 kilometres south-west of the Ararat project, covers 730 square kilometers in western Victoria. Current exploration is focused on locating copper and gold mineralisation along an approximately 10 kilometres long, north-west trending, structure. A low-level, high-resolution, aeromagnetic and radiometric survey over this structure identified several fault structures, potentially linked to primary mineralisation, at Thursdays Gossan and Fairview.

The exploration programme for 2011 includes infill and extensional drilling at Thursdays Gossan and extensional drilling at Junction 1. All three vertical aircore holes recently drilled on the margins of the Thursdays Gossan supergene copper deposit intersected mineralisation, with 42m at 0.8% copper in SAC030 located 40m east of the current resource boundary. Three diamond drillholes were also drilled at Thursdays Gossan, Yarram Park and Patanga (with the latter two funded 50% by the Victorian Government). A previous diamond drillhole, SNDD001, intersected 7.7 metres at 4.2% copper within massive sulphides beneath the supergene blanket at Thursdays Gossan.

The Junction 1 copper prospect is located approximately 3 kilometres south-east of the Thursdays Gossan supergene copper deposit, whilst the Drysdale and Junction 3 copper prospects occur immediately south of the Thursdays Gossan deposit. Any additional mineralisation outlined at these prospects should add to the inferred resource already defined for the Thursdays Gossan supergene copper deposit.

Mine For

gold, copper, nickel, silver

Location of operation(s)

Tasmania, Victoria


Level 7, Exchange Tower , 530 Little Collins Street


03 9909 7401



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The data on Australian is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.