Barton Gold (ASX: BGD)
Announced further assays from ‘Phase 2’ upgrade drilling at its South Australian Tunkillia Gold Project.
These include broad, high-grade assays in shallow areas of Tunkillia’s ‘Starter Pits’, supporting potential to extend total Tunkillia mineralisation and increase JORC Mineral Resources.
.
Tunkillia drilling – Credits Barton Gold
.
| Barton Gold | ASX: BGD | |
| Stage | Production, development | |
| Metals | Gold | |
| Market Cap | A$279 Million @A$1.03 | |
| Location | South Australia | |
| Website | www.bartongold.com.au |
.
Barton Gold Tunkillia infill drilling confirms new high-grade mineralisation
within shallow zone of existing high-value ‘Starter Pit’ outlines
Gold & silver Resource upgrades pending, PFS on track for Q1 CY27
Barton Gold Holdings Limited (ASX:BGD, OTC:BGDFF, FRA:BGD3) (Barton or Company) is pleased to announce further assays from ‘Phase 2’ upgrade drilling at its South Australian Tunkillia Gold Project (Tunkillia).
These include broad, high-grade assays in shallow areas of Tunkillia’s ‘Starter Pits’, supporting potential to extend total Tunkillia mineralisation, increase JORC Mineral Resources within existing May 2025 OSS optimised pit outlines, and increase the grade profile of this mineralisation in Tunkillia’s upcoming PFS.
A final batch of ‘Phase 2’ Resource upgrade drilling assays is expected to be reported shortly. After all results have been received Barton will then prepare comprehensive and representative cross sections of assay results.
HIGHLIGHTS
• Latest assays from 39,000m ‘Phase 2’ reverse circulation (RC) Resource upgrade drilling yield significant high-grade mineralisation in shallow area of ‘Starter Pits’, including:
Hole ID Interval Including:
TKB0639 6m @ 6.61 g/t Au from 70m depth 1m @ 32.4 g/t Au from 73m depth
TKB0642 6m @ 2.95 g/t Au from 63m depth 2m @ 6.20 g/t Au from 63m depth
TKB0651 11m @ 2.87 g/t Au from 79m depth 1m @ 10.6 g/t Au from 88m depth
• Final ‘Phase 2’ assays pending, with JORC Mineral Resource updates for gold and silver to follow
Barton Managing Director Alexander Scanlon said:
“Tunkillia’s ‘Phase 2’ drilling was expanded after early analysis of infill assays identified a potential new domain of high-grade mineralisation within its ‘Starter Pit’ outlines.
“These ‘S1’ and ‘S2’ pits drive Tunkillia’s robust economics, and are modelled to yield a A$1.8bn operating profit during the first 2.5 years alone at current gold and silver prices.
“Given that the average grade driving these economics in the ‘Starter Pits’ is 1.05 g/t Au, the new assays are exceptional. Such mineralisation could materially boost Tunkillia’s already remarkable early operating economics.
“We are very much looking forward to the balance of outstanding assay results, the majority of which are targeting this potential.
“We expect to report one final batch of assays shortly, and look forward to sharing Mineral Resources upgrades for both gold and silver in the coming months before completing our PFS and submitting our Mining Lease application.”
.
To read the full news release please click HERE
+++++++
The live Barton Gold share price and chart can be found HERE
..To View Barton Gold’s’ historical news, please click here
.
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
Disclosure
At the time of writing the author holds shares in Barton Gold.
.