Barton Gold (ASX:BGD) is set to outline its strategy to emerge as a long-term leader in South Australian gold exploration and production.
The $43 million market capitalisation company is presenting this week on day 2 of the 2023 Precious Metals Summit Beaver Creek in Colorado. As part of its presentation, Barton will talk through its ambition to build South Australia’s largest independent gold producer through both its Tarcoola and Tunkillia projects.
The company notes it is applying new technologies and leveraging its asset platform to accelerate regional development, reduce exploration and discovery costs, and minimise dilution.
Barton is looking to get resource and regional exploration drilling underway in H2 2023 through to H1 2024 at Tunkillia, where it has defined a +1-million-ounce (Moz) gold platform that demonstrates ‘significant’ growth potential.
The company notes that 80% of Mineral Resource Estimate (MRE) tonnes and ounces at Tunkillia are within 200m of surface and that a 300m-long ‘high-grade’ core with 80m+ width is present.
At Tarcoola, Barton reports it has various exploration activities lined up to aid in the mapping of an ‘exciting’ system of potential repeat targets.
These activities include structural interpretation, seismic and targeting, resource drilling, and regional exploration drilling, with drilling now underway and expected to be ongoing through to H1 2024, as reported on 8 September 2023.
The company also notes it is well-funded to undertake exploration, with $10.5 million cash at hand at the time of this presentation.
Barton Gold is an ASX-listed gold explorer focused on its pipeline of exploration projects and brownfield mines, as well as its wholly owned gold mill in the Central Gawler Craton of South Australia.
Write to Adam Drought at Mining.com.au
Images: Barton Gold
