Barton Gold (ASX:BGD) has recorded an indicative average grade of about 7,000 grams per tonne of gold through assays from the second parcel of material retrieved from a cleanout at the Central Gawler Mill in South Australia.
The company reports the second parcel of material consisted of about 3.6 dry tonnes of prepped concentrates, with a contained metal value of about 815 ounces of gold.
The first parcel of about 3.8 dry tonnes of material, which returned an average indicative grade of about 3,000g/t gold, for a contained metal value of about 375 ounces of gold.
Barton reports the total saleable gold concentrates are now about 7.4 dry tonnes grading about 5,000g/t gold, for a contained metal value of about 1,190g/t gold, which is valued at about $3.4 million at current gold prices. The third and final parcel of about 3 tonnes of gold-bearing material is set to begin processing in mid-July.
The company says the gold concentrate assay figures are indicative only and notes final recoveries could vary ‘significantly’ based on metallurgical and other factors. As the recovered materials are ‘highly variable’, Barton says the results found to date do not forecast results for subsequent parcels of material.
“The Central Gawler Mill is already yielding considerable value to Barton shareholders as we pursue ‘Stage One’ restart opportunities”
Commenting on the mill recoveries, Barton Gold Managing Director Alex Scanlon says: “The Central Gawler Mill is already yielding considerable value to Barton shareholders as we pursue ‘Stage One’ restart opportunities. Sale proceeds will provide significant additional cash to advance our regional strategy.”
In December 2022, Barton recovered about 10 tonnes of gold-bearing materials from the gold room, ball mills, sumps, and floor and gravity circuit during a preliminary review of its Central Gawler Mill.
Barton Gold is an Australian gold explorer focused on its Tarcoola and Tunkillia Gold projects in South Australia, as well as the Central Gawler Mill. The company boasts a 1.3 million ounces JORC mineral resource endowment across its projects.
On 26 June 2023, Barton raised $3.5 million through a placement to support exploration across its portfolio of assets. The company also seeks to raise an additional $1 million through an ongoing share purchase plan (SPP).
Write to Harry Mulholland at Mining.com.au
Images: Barton Gold Holdings Ltd
