Expanding Strike Zones Enhance Long-Term Prospects
Barton Gold’s ongoing exploration efforts at the Tunkillia gold project in South Australia have yielded significant extensions to the historic Tunkillia gold project. Recent findings indicate an expansion of approximately 300 meters of mineralised strike near the southern section of the primary 223 deposit. This development follows a similar discovery at the northern end of the 223 deposit.
Highlighting Encouraging Results
Managing Director Alex Scanlon emphasised the discovery’s significance, citing an intersection of 55 meters at 1.52 grams per tonne of gold in a new zone offset from the 223 deposit’s main strike. Scanlon expressed optimism, stating, “We are encouraged to see further broad zones of mineralisation in a key target at the southern end of the 223 deposit.”
Substantial Growth in Mineralisation
Scanlon noted the cumulative impact of recent assays, stating, “Combined with last week’s assays from the northern end of the 223 deposit, we have added a total of approximately 600 meters of new mineralisation along strike, constituting around 30% of the April 2023 JORC resource footprint.”
Bolstering Long-Term Resources
Barton is actively engaged in updating the modeling of the 223 deposit to affirm additional growth potential within the long-term JORC resource base. This exercise incorporates the recently reported extensions of the deposit’s mineralised strike, aiming to confirm low-cost expansion opportunities.
Enhancing the Resource Estimate
The modeling process integrates new drilling data and the updated JORC Mineral Resource Estimate (MRE). The April 2023 upgrade estimated the deposit to contain 1.15 million ounces of gold within 38 million tonnes at 0.94 g/t, also confirming the addition of 189,000 oz of gold at a minimal cost of ~A$12/oz.
Drilling Success and Forward Momentum
Continued Exploration and Findings
Following the MRE update, Barton commenced drilling activities to explore extensions of the 223 deposit and regional targets. Recent reverse circulation (RC) drilling assays from various targets within the area showcased promising results, indicating potential bulk mineralisation suitable for open-pit mining.
Overall Successful Endeavors
The Tunkillia campaign contributes to Barton’s string of successful initiatives, including activities at the Tarcoola gold project, significant gold recovery at the Central Gawler mill, a listing on the US OTCQB market, and a well-received capital raising. At Tarcoola, Barton conducted seismic surveys and drilled holes to further understand and potentially expand high-grade mineralisation at the Perseverance mine.
Looking Ahead
The company plans to continue exploration and drilling activities in the coming months, positioning itself for potential resource upgrades and continued growth in its Australian gold projects.
