Barton Gold (ASX: BGD) has wrapped-up Phase 1 orientation sampling at its Tarcoola Gold Project, testing a ‘next-gen’ CSIRO-patented technology that has the ability to provide real-time gold analysis in field.
The work saw Barton trial Portable PPB’s detectORE™ technology on high-priority targets at Tarcoola, along with collection of orientation soil and biogeochemical samples, with results due in February.
The company notes that the work is co-funded by the South Australian Government under its Accelerated Discovery Initiative scheme, which has seen the miner receive $100,000 to date.
Speaking on the update, Barton Gold Managing Director Alexander Scanlon said “This sampling program concludes a very busy year in the field for Barton, during which we have completed multiple geophysical, geochemical and drilling programs. The results from Tarcoola ground penetrating radar, and over 10,300m drilling at the Tarcoola and Tunkillia Gold Projects, have been exceptional with the results of Tarcoola gravity surveys and this geochemical sampling due soon.
“We plan to hit the ground running early next year following integration of these results with our evolving regional geological models”
“We plan to hit the ground running early next year following integration of these results with our evolving regional geological models, targeting over 20,000m of drilling and Mineral Resources Estimate updates for the Tarcoola and Tunkillia Gold Projects during 2022.
“With a cash balance of $12.9m as at 30 September, we are exceptionally well-funded to pursue our scale exploration and Mineral Resources growth strategy as we move these projects toward feasibility studies. We are also immensely grateful to the Government of South Australia for its significant financial support to accelerate our innovation-driven exploration strategy and the very exciting results already achieved.”
Barton’s 1,202km² Tarcoola Project houses the open-pit Perseverance Mine, which saw operation between 2017-2018. The mine is surrounded by a series of historical workings, which together formed South Australia’s largest hard-rock goldfield during the early 1900’s. Output during that time reached around 77,000 ounces of gold with ore graded at ~37.5 g/t Au.
2022 will see Barton push forward with a planned 10,000m to 20,000m of further drilling at its Tarcoola and Tunkillia projects as it looks for ‘significant’ near-term mineralisation growth with a stated focus on ‘new discoveries, new extensions and new mineral resources’.
Images: Barton Gold Holdings Limited