Barton Gold (ASX: BGD)

Announced further notable assays from ‘Phase 2’ upgrade drilling at its South Australian Tunkillia Gold Project.

Further broad, shallow high-grade infill assays from Tunkillia’s ‘Starter Pits’ appear to reinforce the theory for new, shallow high-grade mineralisation.

 

 

 

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	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

 

 

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Barton Gold Tunkillia assays confirm new high-grade mineralised zone

 

 

 

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Barton Gold Holdings Limited (ASX:BGD, OTC:BGDFF, FRA:BGD3) (Barton or Company) is pleased to announce further notable assays from ‘Phase 2’ upgrade drilling at its South Australian Tunkillia Gold Project (Tunkillia).

Further broad, shallow high-grade infill assays from Tunkillia’s ‘Starter Pits’ appear to reinforce the theory for new, shallow high-grade mineralisation targeted by Barton’s ‘Phase 2’ drilling expansion.

This could potentially increase the grade profile of this mineralisation for Tunkillia’s upcoming PFS, with material implications for the project’s already very robust modelled economic returns.

Barton is still waiting for a final batch of ‘Phase 2’ drilling assays. Following receipt, Barton will then prepare comprehensive and representative cross sections for Tunkillia, and progress to gold and silver MRE updates.

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HIGHLIGHTS

• Latest assays from recent 39,000m ‘Phase 2’ reverse circulation (RC) Resource upgrade drilling further confirm new high-grade mineralisation within shallow area of ‘Starter Pits’, including:
Hole ID Interval Including:
TKB0667 21m @ 3.62 g/t Au from 57m depth 6m @ 7.30 g/t Au from 63m depth
TKB0668 50m @ 1.45 g/t Au from 62m depth 3m @ 5.32 g/t Au from 65m depth
TKB0674 4m @ 3.80 g/t Au from 61m depth, and
11m @ 8.73 g/t Au from 68m depth
1m @ 8.90 g/t Au from 61m depth
2m @ 36.9 g/t Au from 71m depth
• Final assays pending, followed by updated gold and silver JORC Mineral Resource Estimates (MRE)

 

 

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Barton MD Director Alexander Scanlon Commented,

“Tunkillia’s infill drilling assays continue to surprise to the upside, with the latest results providing further support for a new ‘bonus’ zone of high-grade mineralisation sitting on top of that already modelled in the high-value ‘Starter Pits’.

 

“We are advancing Tunkillia through pre-development programs as quickly as possible, following recent Government approval of its environmental Scoping Report as a first step in its Mining Lease application processes.

 

“We look forward to completing gold and silver Mineral Resources updates, our PFS, and a Mining Lease application in the near future.”

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To read the full news release please click HERE

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