Barton Gold Holdings Limited has disclosed additional assay results from its ongoing drill program at the Tunkillia Gold Project in South Australia. The latest findings emerge from roughly 40,000m of reverse circulation (RC) drilling, specifically targeting Area 223 North and the southern section of the primary Area 223 open pits.
The new assays indicate high-grade intersections within the highest value S1 and S2 pits, as well as identify broader and higher-grade mineralisation extensions in Area 51. These findings contribute further to the current understanding of mineralisation within Area 223.
A Pre-Feasibility Study (PFS) is presently in progress, overseen by GR Engineering, with completion expected in the first quarter of 2027. This study will integrate the expanded drilling results to assess potential improvements in mineral resource estimates.
Barton anticipates that further assays are forthcoming, which will allow for a comprehensive analysis of mineralisation across the site. Following receipt of all results, the company plans to create detailed cross-sections of the assay data to aid in evaluation.
Alexander Scanlon, Managing Director of Barton Gold, commented that the latest assay results continue to affirm broad mineralisation in crucial target areas. He indicated that the ongoing drilling might lead to upgrades in both gold and silver mineral resources and facilitate the company’s plans for a Mining Lease application.
Barton Gold Holdings Limited has reported further assays from approximately 40,000m of 'Phase 2' reverse circulation (RC) resource upgrade drilling at the Tunkillia Gold Project. This includes infill drilling in the Area 223 North and the southern end of the main Area 223 optimised open pits.
The latest assays from the Tunkillia drilling programme have revealed high-grade intersections and identified broader and higher-grade extensions in Area 51. This infills the currently modelled mineralisation in Area 223, but there are still assays pending.
The Pre-Feasibility Study (PFS) for the Tunkillia Gold Project is being led by GR Engineering and is targeted for completion in Q1 of CY27 as it accommodates expanded drilling and potential resource upgrades.
Barton Gold Holdings Limited estimates that the Tunkillia Gold Project contains 1.6Moz Au and 3.1Moz Ag in JORC Mineral Resources. These resources are a part of Barton’s overall target of 150,000 ounces per annum gold production.
Barton Gold Holdings Limited's forward-looking statements are subject to various risks and uncertainties, including business, economic conditions, property interests, commodity prices, and environmental concerns. These factors could result in actual outcomes differing materially from projected results.
Area 223 is critical within the Tunkillia Gold Project, as it contains the highest value S1 and S2 pits. The recent assay results aim to bolster the understanding of mineralisation and identify potential for resource upgrades.
Investors should note that Barton Gold Holdings Limited will continue to announce assay results from their drilling programmes, and they have indicated plans for Mining Lease applications, upgrades to mineral resources for both gold and silver, and the completion of their PFS.
Barton Gold Holdings Limited is listed on the ASX under the ticker BGD, on the OTCQB under BGDFF, and on the Frankfurt Stock Exchange under BGD3.