Australian gold explorer Barton Gold (ASX:BGD) is processing and preparing to sell the second parcel of material collected from a clean-out of its Central Gawler Mill in South Australia.
In December 2022, the company estimated it recovered over 10 tonnes of gold-bearing materials from the gold room, ball mills, sumps, floor, and gravity circuit during a preliminary review of the mill. The second parcel from this clean-out comprises around 4.5 wet tonnes of material, which has been pre-screened for processing.
Barton says the first parcel of around 3.8 dry tonnes of materials recently returned an indicative average grade of about 3,000 grams per tonne (g/t) gold for a contained metal value of about 375 ounces of gold. The company claims this material is valued at about $1.1 million at current gold prices.
However, Barton says the results for the first parcel are indicative only, and final recoveries may vary ‘significantly’ based on metallurgy and other factors.
Barton also says the recovered materials are also ‘highly’ variable in nature and states the results of the first parcel do not forecast results for the second parcel of materials.
Commenting on the mill recoveries, Barton Gold Managing Director Alex Scanlon says: “We hope to have the results for this second parcel of concentrate materials by 30 June.
“With approximately 375 ounces of gold contained in concentrate from the first third of the materials, we hope we can confirm a material increase in contained value for shareholders”
With approximately 375 ounces of gold contained in concentrate from the first third of the materials, we hope we can confirm a material increase in contained value for shareholders.
We will share the assay results for this batch of materials as soon as they are available, and also expect the third and final batch of about 3 tonnes of material to be prepared in July.”
Barton Gold is an ASX-listed Australian gold explorer with a total attributable 1.3-million-ounce gold resource endowment across its Tarcoola and Tunkillia Gold projects in the Gawler Craton region of South Australia. Additionally, the company also holds the Central Gawler Mill, which is the only regional gold mill in the Gawler Craton.
Write to Harry Mulholland at Mining.com.au
Images: Barton Gold Holdings Ltd