Barton Gold’s High-Grade Assays Indicate Growth for Tunkillia’s Area 51
Barton Gold (ASX: BGD)
Announced the first round of assays received from ‘Phase 2’ upgrade drilling at its South Australian Tunkillia Gold Project.
These come from within the currently modelled ‘Area 51’ optimised open pit.
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Credits Barton Gold
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| Barton Gold | ASX: BGD | |
| Stage | Production, development | |
| Metals | Gold | |
| Market Cap | A$219 Million @A$0.92 | |
| Location | South Australia | |
| Website | www.bartongold.com.au |
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Barton Gold’s High-Grade Assays Indicate Growth for Tunkillia’s Area 51
North / south extensions indicated by highest-grade mineralisation
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Barton Gold Holdings Limited (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) (Barton or Company) is pleased to announce the first round of assays received from ‘Phase 2’ upgrade drilling at its South Australian Tunkillia Gold Project (Tunkillia).
These come from within the currently modelled ‘Area 51’ optimised open pit.
These assays include broad intersections which infill the currently modelled Area 51 mineralisation, with the highest-grade assays also indicating potential optimised open pit growth and further high-value extensions.
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HIGHLIGHTS
• ~30,000m Tunkillia ‘Phase 2’ reverse circulation (RC) Resource upgrade drilling underway, after ‘Phase 1’ infilled highest value S1 and S2 pit areas (in the centre of Area 223) with high-grade intersections1
• First assays from ongoing ‘Phase 2’ upgrade drilling include highest-grade results to-date from Area 51 zone, indicating potential growth in Resources, open pit and mine life
• Broadest, highest-grade assays come from north / south ends of currently modelled open pit, indicating significant potential for further extensions of higher value mineralisation
• New assays include:2
Hole ID Interval Including:
TKB0457 52m @ 0.95 g/t Au from 101m depth 2m @ 2.84 g/t Au from 117m depth
TKB0462 40m @ 1.64 g/t Au from 155m depth 2m @ 3.83 g/t Au from 164m depth
TKB0470 46m @ 1.13 g/t Au from 137m depth 5m @ 2.34 g/t Au from 172m depth
TKB0492 43m @ 1.82 g/t Au from 39m depth 8m @ 3.79 g/t Au from 42m depth, and
2m @ 4.14g/t Au from 67m depth, and
2m @ 6.65 g/t Au from 71 m depth
TKB0494 39m @ 1.12 g/t Au from 52m depth 6m @ 3.46 g/t Au from 58m depth
• Barton targeting completion of a Pre-Feasibility Study (PFS) before the end of calendar year 2026, to support a Mining Lease (ML) application and expedited project finance conversations
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Barton Managing Director Alexander Scanlon said:
“Phase 1 drilling already confirmed the higher-grade mineralisation driving Tunkillia’s exceptional economics, where its ‘Starter Pit’ can repay development 2x over in the first year alone – assuming A$5,000/oz gold and A$50/oz silver.
“We are therefore pleased to report that Area 51 has returned higher-grade results than anticipated, indicating potentially higher-value mineralisation, Resource growth and also extensions of the optimised open pit and mine life.
“Tunkillia is on track for dual gold and silver Resource upgrades, conversion to Ore Reserves, completion of a PFS and a Mining Lease application, all in the context of a considerably more favourable gold and silver price environment.”
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To read the full news release please click HERE
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Disclosure
At the time of writing the author holds shares in Barton Gold.
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