Barton Gold (ASX:BGD)
Confirmed the start of a high resolution airborne gravity survey surrounding its South Australian Challenger Gold Project.
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Challenger Mill – courtesy of Barton Gold
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| Barton Gold | ASX: BGD | |
| Stage | Production, development | |
| Metals | Gold | |
| Market Cap | A$329 Million @A$1.30 | |
| Location | South Australia | |
| Website | www.bartongold.com.au |
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Barton Gold High Resolution Gravity Survey Targets Challenger Repeats
Targeting near-mine indications of high-grade quartz vein lodes
Barton Gold Holdings Limited (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) (Barton or Company) is pleased to confirm the start of a high resolution airborne gravity survey surrounding its South Australian Challenger Gold Project (Challenger).
The program is part of Barton’s research and development (R&D) initiatives
trialling various technologies in historically under-explored terrain to define new geological models.
HIGHLIGHTS
• High resolution survey over northern portion of EL 6502, which hosts the Challenger Gold Mine
• Targeting gravity anomalies indicative of structures similar to Challenger’s high-grade gold lodes
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Barton Managing Director Alexander Scanlon said:
“With a DFS underway for the phased restart of operations at Challenger, leveraging our Central Gawler Mill, we are diligently pursuing our regional enhancement strategy.
“This includes not only our Tarcoola and Wudinna blending feed projects, but also the potential for near-mine repeats of Challenger’s high-grade quartz vein lodes.
“Challenger was developed during a period of record low gold prices, and as such historical investment favoured rapid development over local exploration. With existing infrastructure, new discoveries could be highly valuable.”
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Disclosure
At the time of writing the author holds shares in Barton Gold.
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