Barton Gold (ASX: BGD) has reported further ‘high grade’ results from Phase 1 drilling at the 965,000 ounce 223 Deposit within its Tunkillia Gold Project in South Australia.
Drilling at the deposit’s central zone has intersected a ~250m long ‘higher grade’ zone of gold mineralisation which is approximately 50m wide and runs from between 40m to 175m depth. The company encountered multiple broad intersections in several drill holes, with key results including:
- Hole TKB0024: 12m @ 2.70g/t Au from 101m
- Hole TKB0025: 5m @ 4.98 g/t Au from 68m, 7m @ 2.20 g/t Au from 79m, 17m @ 4.31 g/t Au from 111m and 15m @ 2.28 g/t Au from 139m
- Hole TKB0026: email@example.com/t Au from 100m and 8m @ 3.77 g/t Au from 115m
- Hole TKB0027: 2m @ 11.6 g/t Au from 93m, 6m @ 1.70 g/t Au from 120m and 13m @ 2.66 g/t Au from 150m
The results are the latest in a flurry of updates from Barton, which has seen new gold mineralisation encountered in all Tunkillia Phase 1 drill targets. Last week Barton announced a new ~650m long gold zone at the Area 191 prospect located ~3km NE of the 223 Deposit, and the week prior a new ~800m long gold zone at the 223 North prospect only 500m north of the 223 Deposit.
Combined, these new gold zones extend Tunkillia’s total gold mineralised strike to ~4km, a ~60% increase in the past four months, with all gold zones remaining open to extension.
The company had previously modelled the potential for the 223 Deposit to host a high grade zone, and notes that these results leave the high grade zone open to extension, and also underscore the potential for a ‘high grade’ starter pit.
“With ~4km of total mineralised strike now defined in a relatively small area, Tunkillia’s project footprint is filling in nicely”
Speaking on this latest round of results, Barton Gold Managing Director Alexander Scanlon said: “These results again reinforce the success of Barton’s first drilling program at the Tunkillia Gold Project. In the four months since IPO, we have validated our predictions for three key targets areas and established two new gold zones with ~1.5km of new shallow, high grade mineralisation.
With ~4km of total mineralised strike now defined in a relatively small area, Tunkillia’s project footprint is filling in nicely. A number of local priority targets are still to be tested, and with all gold zones open at depth and along strike we are on a clear path to build on our already large 965koz Au Mineral Resource Estimate.
The 223 Deposit sits on the original ~2.5km of Tunkillia strike, so the confirmation that it could be anchored by a higher grade starter pit only increases our view of the broader project’s true long-term potential. This has long been overlooked, and with over $12 million cash we do not intend to slow down exploration.”
The company reports that upcoming Phase 2 drilling at the project will target further extensions of new gold zones along with new discoveries at priority brownfield targets, with data aimed at defining new JORC resources.
Images: Barton Gold Holdings Limited