Barton Gold (ASX:BGD) is well on its way to transition from ‘explorer’ to ‘producer’ as it launches a reverse circulation (RC) program drilling the floor of the ‘high-grade’ Perseverance open pit mine at the Tarcoola Gold Project.
Some 1,500m drilling is planned to test immediate pit floor mineralisation.
The current program will include about 20 RC drillholes targeting immediate extensions of mineralisation in the open pit floor. This follows diamond drilling (DD) during September 2023, where 600m of drilling was completed at the south end of the pit to obtain structural information for the Deliverance Target and Perseverance West.
Barton says analysis of the RC and DD drilling results will inform further follow-up drilling, with the objective to convert extensions of the pit to JORC mineral resources during the first half of 2024.
Other early 2024 Tarcoola programs will include drilling on high-priority targets identified in the company’s recent seismic survey.
Barton, which is listed on the ASX, OTCQB, and Frankfurt Stock Exchange, recently published the results of a large-scale seismic survey program, revealing the subsurface architecture of the ‘high-grade’ historic Tarcoola Goldfield for the first time in its 130-year history.
Barton Gold Managing Director Alex Scanlon says the company is focused on adding shallow, easily accessible mineralisation to its existing open pit as the first step to confirming an initial base of resources supporting an accelerated stage one return to production and cash flow.
“Even minor extensions can offer high-value ounces considering our fully permitted mining lease, fully licensed mill, and the significantly reduced capital and operating requirements for an existing shallow open pit mine.
We look forward to an exciting 2024 as we test several new targets identified in our recently published structural map of the Tarcoola Goldfield and determine the roadmap for Barton’s transition from ‘explorer’ to ‘producer’.”
“Even minor extensions can offer high-value ounces considering our fully permitted mining lease, fully licensed mill, and the significantly reduced capital and operating requirements for an existing shallow open pit mine“
Barton’s Tarcoola drilling programs completed during 2020 and 2021 identified multiple depth extensions of mineralisation below the Perseverance open pit mine floor. These programs confirmed a new shallow ‘high-grade gold zone’ (Perseverance West) in new structures identified behind the southern wall of the open pit.
Meanwhile, yesterday (4 December 2023), Barton Gold confirmed more than 20,000m of RC and DD drilling at the Tunkillia Gold Project has been undertaken.
More than 100 holes totaling 17,700m RC and 2,900m DD drilling (including pre-collars) were completed on 223 deposit extensions, satellite gold zones 223 North, Area 191, and Area 51, as well as the SE Offset target.
Priority RC and DD extension drilling on the 223 deposit was finished on 30 October 2023, with assays at the northern and southern targets on the deposit identifying new mineralisation potentially supporting growth.
Barton says the 223 North assays confirmed broad mineralisation complementing prior shallow, ‘high-grade’ intervals in earlier drilling.
An updated JORC Mineral Resources Estimate (MRE) for these areas is expected shortly.
Assay results for RC and DD drilling of the Area 191 and Area 51 gold zones, and the SE Offset target, are underway with first results expected early 2024.
Barton is focused on exploration in 2 large-scale mineral systems at the Tarcoola Project and Tunkillia Project, where technical work demonstrates significant new upside opportunities in historically under-invested assets.
Write to Adam Orlando at Mining.com.au
Images: Barton Gold