Barton Gold (ASX:BGD)
Announced high-grade assays from the Tarcoola Goldfield at the Tarcoola Gold Project in South Australia.
.
.
.
| 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 High Grade Assays Confirm New Tolmer Gold System
Significant alteration zone with shallow quartz sulphide veining
Barton Gold Holdings Limited (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) (Barton or Company) is pleased to announce high-grade assays from the Tarcoola Goldfield at the Tarcoola Gold Project (Tarcoola) in South Australia.
Assays have now confirmed a new gold mineralised system at Tolmer, comprised of quartz veining within a broader zone of alteration.
Further Perseverance Mine assays remain outstanding.
HIGHLIGHTS
• Recent seismic survey mapped several new and untested structures across the historical high-grade Tarcoola Goldfield, and identified key targets for ‘repeats’ of the Perseverance gold system
• During May-July 2024 Barton completed ~10,000m reverse circulation (RC) drilling to validate its structural interpretation, and target further mineralisation in the Perseverance open pit mine
• New high-grade assay results have confirmed a newly interpreted gold mineralised system at Tolmer, comprised of quartz sulphide veining hosted within broader zones of alteration
• New significant assay results include:
Hole ID Interval (m) Grade (g/t Au) Depth (m) Target Area
TBM0131 2 @ 2.55 from 100 Old Flame
TBM0135 7 @ 1.60 from 56 Old Flame
TBM0148 9 @ 3.92 from 202 Tolmer
TBM0154 1 @ 6.20 from 88 Tolmer
TBM0161 4 @ 24.6 from 95 Tolmer
TBM0162 5 @ 3.15 from 97 Tolmer
TBM0163 2 @ 2.71 from 20 Tolmer
TBM0181 14 @ 1.41 from 80 Tolmer
TBM0171 3 @ 11.6 from 78 Warburton
• Additional Perseverance Mine open pit floor drilling assays outstanding.
,
Commenting on the latest Tarcoola exploration drilling results, Barton MD Alexander Scanlon said:
“We are excited to confirm that the first significant test of Tarcoola’s new structural model has confirmed a new gold mineralised system at Tolmer.
“We have also successfully intersected high-grade mineralisation at multiple
other targets, demonstrating Tarcoola’s broader potential to host multiple shallow, high-grade gold zones.
“We are also awaiting further assay results from the open pit Perseverance Mine, where we are hoping to convert further shallow mineralisation in the pit floor into additional high-grade Resources for a ‘Stage 1’ operation.
“This is another step toward the realisation of our lower-cost, lower-risk development strategy leveraging our existing processing infrastructure, and we are only just scratching the surface of the broader regional potential.”
.
To read the full news release please click HERE
.
.
The live gold price can be found 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.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
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.
.