Barton eyes drilling of newly mapped gold architecture

Barton Gold (ASX:BGD) is lining up drilling for early 2024 after mapping several new and previously untested structures across the Tarcoola Goldfield, which holds its Tarcoola Gold Project. 

The $48.88 million market capitalisation company says the structures were mapped through seismic analysis of a detailed survey using a combination of accelerated weight drop and vibroseis trucks in August this year at the Tarcoola Project. 

Preliminary analysis indicates gold mineralisation is closely associated with deeper-tapping sub-vertical structures similar to the Perseverance Fault.

The company notes this is the first time that known gold occurrences can be put into a structural framework. 

Managing Director and Chief Executive Officer (CEO) Alex Scanlon says the mapping of Tarcoola’s detailed architecture, coupled with little modern exploration and a history of ‘high-grade’ production, provide ‘significant’ potential for ‘exciting’ new discoveries. 

“We are analysing these results in combination with our other data sets, and expect to drill test our highest-priority exploration targets during early 2024.”

Barton Gold is an ASX, OCTQB, and Frankfurt Stock Exchange-listed gold explorer with a pipeline of advanced exploration projects in South Australia. 

As of 30 September, Barton Gold had $9.295 million cash and cash equivalents at hand, according to its latest quarterly report.

Write to Adam Drought at Mining.com.au

Images: Barton Gold
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.