Barton Gold (ASX:BGD) is following up on the new Tolmer gold system within the Tarcoola Project in South Australia, via a 2,000m regional aircore drilling program.
The $60.13 million market capitalised company aims to test the potential strike of the Tolmer alteration zone in the vicinity of recent assay results, including 4m @ 24.6 grams per tonne gold, 9m @ 3.92g/t gold, and 5m @ 3.15g/t gold.
Managing Director Alex Scanlon says the company is mapping out the commercial pathway for potential stage one Tarcoola operations using its fully permitted Central Gawler Mill.
This will be followed by stage two expansion work into the adjacent 130,000 ounces per year Tunkillia Gold Project, with the construction of a second mill.
“As each of these commercial platforms offer greater value to new regional mineralisation, we remain focused on unlocking the scale potential of our strategic asset package,” Scanlon says.
To date, 8,500m of aircore drilling has been completed at Tarcoola’s Lake Labyrinth Shear Zone.
During March to July this year, Barton completed 11,250m of reverse circulation drilling across targets from its latest Tarcoola structural interpretations, including the Perseverance open-pit mine and targets to the west.
The company also confirmed a resource estimate containing 20,000 ounces @ 2g/t gold in the Perseverance Mine’s open-pit floor.
The Tarcoola Project comprises an existing brownfield open pit mine within trucking distance of Barton Gold’s processing plant. The project is considered an under-explored asset with untapped scale potential.
Barton Gold is a dual-listed gold developer focused on targeting gold production of 150,000 ounces per year. The company holds 1.6 million ounces of mineral resources, multiple advanced projects and brownfield mines, and wholly owns the only regional gold mine in South Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Barton Gold
