Barton Gold (ASX:BGD) reports its latest assay results have returned further ‘significant’ and ‘high-grade’ mineralisation at the Perseverance West gold zone as part of its Tarcoola Gold Project in South Australia.
The results are from the initial 11 holes of its 3,267m May 2022 drilling program from the Perseverance West zone, located at the southern end of the shallow open pit Perseverance Mine and confirm further significant ‘high-grade’ mineralisation.
Perseverance West was initially discovered by Barton during its August 2020 phase one drilling program at Tarcoola, located in the Gawler Craton, South Australia.
Significant new assay results include:
- 3m @ 3.01 g/t Au from 44m
- 6m @ 7.62 g/t Au from 44m, including 2m @ 18.2 g/t Au from 44m
- 9m @ 1.20 g/t Au from 48m
- 5m @ 6.60 g/t Au from 83m, including 1m @ 29.8 g/t Au from 83m
Commenting on the Perseverance West discovery, Barton Managing Director Alexander Scanlon said: “Three successive drilling programs at the Perseverance West gold zone have yielded encouraging grades and intersections adjacent to the pit.
“Three successive drilling programs at the Perseverance West gold zone have yielded encouraging grades and intersections”
We look forward to receiving assay results for three additional step-out holes.
We are systematically building a picture of Tarcoola mineralisation and with multiple geophysical programs indicating dozens of potential repeat targets across an initial ~15km corridor, we believe these results are just a small snapshot of Tarcoola’s broader regional potential to host dozens of shallow high-grade occurrences.
In addition to pending Perseverance West assays, we are eagerly awaiting results from our recent May 2022 drilling at the Tunkillia Project, located only ~70km south of Tarcoola. This program saw 3,160m of drilling in the Area 51 prospect and new 223 North gold zone, with potential to identify significant new mineralisation.”
Barton’s August 2020 and July 2021 drilling programs discovered multiple shallow ‘high-grade’ structures and gold-enriched zones in Tarcoola Formation lithologies along a 350m strike and to 125m depth.
The May 2022 drilling campaign was designed to infill drill the gold mineralisation, improve confidence in continuity, and to contribute to a future mineral resource estimate update.
Barton reports that additional assay results from Perseverance West, from three step-out drillholes (TBM0086 – TBM0088) located some 50 metres west of drillholes TBM0083 – TBM0085, are pending.
The company expects the balance of assay results from the May 2022 Tarcoola and Tunkillia drilling programs to be received and released throughout the balance of July and August 2022.
Meanwhile, earlier this month the company established its new corporate and project headquarters in Adelaide. At the time Mr Scanlon said Barton is growing a new Adelaide-based in-house geology and project management capability to match its diverse opportunity set and dedicated pure-play focus on South Australia.
Barton is an ASX-listed gold exploration company with a total attributable 1.1Moz Au 2012 JORC Mineral Resources endowment (28.68Mt @ 1.2 g/t Au), a pipeline of advanced exploration projects and brownfield mines, and 100% ownership of the only regional gold mill in the central Gawler Craton of South Australia.
Images: Barton Gold Holdings Ltd.