Barton Gold (ASX: BGD) announces that a major reverse circulation (RC) drilling program targeting about 9,000m drilling has started at the Tunkillia Gold Project as it seeks an updated Mineral Resources Estimate (MRE).
Barton reports that Tunkillia’s mineralised footprint has grown considerably since completion of its June 2021 Initial Public Offering (IPO), with July 2021 drilling discovering two new gold zones at the 223 North and Area 191 prospects, and also confirming a ‘higher grade’ gold zone central to the 965,000oz Au 223 deposit.
The company’s May 2022 drilling program has also recently identified a new 500m long Area 51 gold zone.
The current drilling program will target depth extensions of the existing 223 Deposit, with a focus on the central and southern zones which exhibit higher grade mineralisation
Commenting on the new Tunkillia drilling program, Barton MD Alex Scanlon said: “Drilling to date has clearly demonstrated the significant gold endowment at Tunkillia.
“Drilling to date has clearly demonstrated the significant gold endowment at Tunkillia”
We have initially focused on new discoveries to confirm the significant growth potential of Tunkillia and to increase the project’s overall footprint.
Following our recent successes on this front, we are now able to shift toward a dual strategy of continued discovery and Resources growth.
With new gold mineralisation identified at every target we have tested, across only a tiny fraction of the Yarlbrinda Shear Zone, we believe the upside potential in this project is substantial.”
Barton Gold is an ASX-listed Australian gold exploration company with a total attributable 1.1Moz Au JORC (2012) 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.
The Tunkillia Gold Project has 965,000oz Au Mineral Resources (26.1Mt @ 1.15 g/t Au) and the host structure extends 7km north and 7km south. The asset has district-scale structures with advanced satellite targets.
Images: Barton Gold Ltd
