Barton Gold (ASX:BGD) has completed drilling within its Tarcoola Gold Project and is now moving to its Tunkillia Gold Project to begin diamond drilling.
A total of 3 holes for 600m was completed at the Perseverance West gold zone, located within the Tarcoola project.
The company had started a reverse circulation (RC) drilling program at Tunkillia, which targeted further mineral resources growth at the 1.15 million ounce of gold 223 deposit.
The $40 million market capitalisation company says drilling will target northern and southern extensions of the 223 deposit and satellite zones, including Area 223 North, Area 191, and Area 51.
Drilling aims to generate additional geological and structural context to support the potential conversion of these targets to a new JORC Mineral Resource Estimate (MRE).
Commenting on the drill program, Barton Gold Managing Director Alex Scanlon says: “This is our broadest diamond drilling program yet and reflects our dual track strategy of regional discovery and resources conversion.
We will continue building Tunkillia’s overall mineral footprint, but we are also looking for continued near term resources growth.
Our hope is that this diamond drilling will help confirm a series of new JORC Mineral Resources across these targets, which could provide further mass and efficiency in future feasibility studies.”
In Area 51, Barton says drilling will also serve to infill the geological model with ‘higher quality’ information focused on a central zone of broad mineralisation, which graded over 40 gram-metres and included drillhole TKB43 with 17m @ 3.2g/t Au from 77m.
Barton Gold is an ASX-listed gold explorer, focused on its Tarcoola and Tunkillia projects, alongside its Central Gawler Mill. All of the company’s assets are located in South Australia.
As of 30 June 2023, the company had $10.451 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Barton Gold
