Barton Gold to shine a light on recent growth opportunities

Barton Gold (ASX:BGD) will descend onto the Noosa Mining Investor Conference from 19-21 June 2023 to update investors about the year so far and the company’s plans for H2 2023.

Speaking to Mining.com.au ahead of his day one presentation, Managing Director Alex Scanlon says he will chiefly be emphasising the recent 189,000-ounce gold resources update at the Tunkillia 223 Deposit.

Scanlon tells this news service he will also present about the recent $3.5 million institutional placement; the $3.4 million gold in concentrate recovered so far from the company’s December 2022 mill cleanout program; and the $100 million-plus replacement cost valuation of the Central Gawler Mill.

“All of this highlights the advantage of having such infrastructure to start operations without building a new mill”

“All of this highlights the advantage of having such infrastructure to start operations without building a new mill,” Scanlon says.

The MD will also discuss at the Noosa Mining Investor Conference about Barton accelerating stage one resources targeting for potential development/restart opportunities using the Central Gawler Mill, as well as targeting for further resources growth at both Tarcoola and Tunkillia by the end of 2023.

Last week, this news service reported the company has been making significant strides in 2023, positioning itself as a rising star in the gold sector. With a relentless commitment to innovation, a unique and meticulously-crafted exploration strategy, and the strategic ownership of the Central Gawler Mill, Barton has set itself on a clear trajectory to transition from explorer to producer.

Additionally, Barton recently reported preliminary assays for the second parcel of December 2022 mill cleanout materials have been received. In December 2022 Barton recovered an estimated more than 10 tonnes of gold bearing materials from the gold room, ball mills, sumps, floor, and gravity circuit during a preliminary review of the Central Gawler Mill.

Assays for the second 3.6 dry tonnes of prepped concentrates have returned an average grade of 7,000g/t Au, for a contained metal value of 815oz Au. The first parcel of 3.8 dry tonnes previously returned an average grade of 3,000 g/t Au, for a contained metal value of 375oz Au.

The company says total saleable gold concentrates are therefore now 7.4 dry tonnes grading 5,000g/t Au, for a contained metal value of 1,190oz Au worth AUD $3.4 million at current AUD gold prices.

Write to Adam Orlando at Mining.com.au

Images: Barton Gold Ltd
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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.