Barton Gold (ASX: BGD)
Confirmed that its regional AC drilling program has moved to the Company’s South Australian Tarcoola Gold Project (Tarcoola), targeting the new ‘Tolmer’ gold system recently confirmed by high-grade assays.
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| Barton Gold | ASX: BGD |
| Stage | Production, development |
| Metals | Gold |
| Market Cap | A$55 Million @ 25c |
| Location | South Australia |
| Website | www.bartongold.com.au |
Barton Gold Follow Up Aircore Drilling Starts at New Tolmer Gold System
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Barton Gold Holdings Limited (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) (Barton or Company) is pleased to confirm that its regional AC drilling program has moved to the Company’s South Australian Tarcoola Gold Project (Tarcoola), targeting the new ‘Tolmer’ gold system recently confirmed by high-grade assays.
HIGHLIGHTS
• ~8,500m aircore (AC) drilling completed to date at Tarcoola’s Lake Labyrinth Shear Zone (LLSZ)
• Start of Tolmer drilling follows recent high-grade assays confirming new Tolmer gold system.
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Barton MD Alexander Scanlon said:
“We are steadily mapping out the commercial pathway for potential ‘Stage 1’ Tarcoola operations using our fully permitted Central Gawler Mill, followed by ‘Stage 2’ expansion into the adjacent 130,000ozpa Tunkillia Gold Project with the construction of a second mill.
“As each of these commercial platforms offers greater value to new regional mineralisation, we remain focused on unlocking the scale potential of our strategic asset package.”
Background
During March to July 2024 Barton completed a total ~11,250m reverse circulation (RC) drilling across targets from its latest Tarcoola structural interpretations, including the Perseverance open pit mine and targets to the west.
Following this drilling, Barton confirmed a JORC Mineral Resources Estimate (MRE) of
~20koz Au @ ~2 g/t Au in the Perseverance Mine’s open pit floor.
Drilling also intersected gold mineralisation across neighbouring targets including School, Old Flame, Warburton, with new high-grade assay results confirming a newly interpreted gold mineralised system at Tolmer comprised of quartz sulphide veining hosted within broader zones of alteration.
An initial ~2,000m drilling program is planned to test the potential strike of Tolmer alteration zone(s) in the vicinity of recent high grade assay results including intervals of 4m @ 24.6 g/t, 9m @ 3.92 g/t, 14m @ 1.41 g/t and 5m @ 3.15 g/t.4
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To read the full news release please click HERE
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The live Spot gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in Barton Gold
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