Barton Gold (ASX:BGD) has uncovered a new 300m southern gold zone via reverse circulation (RC) drilling conducted on the 223 deposit as part of its Tunkillia Gold Project in South Australia.
Barton’s new geophysical modelling for the Tunkillia mineral system previously indicated the potential to identify new gold mineralisation in previously untested areas near to, or offset from, the 223 Deposit.
As with the recently announcedmineralisation identified to the north of the 223 deposit, drilling results indicate that the new 300m of mineralisation identified near the southern end of 223 is offset from the main strike trend of the April 2023 JORC mineral resources block model.
Key intersections from the latest RC drilling program include hole TKB115 with 6m @ 2.84 grams per tonne (g/t) Au from 189m; hole TKB185 with 12m @ 1.97g/t Au from 144m; and hole TKB189 with 55m @ 1.52g/t Au from 214m.
Barton Gold notes that the mineralisation in hole TKB189 is notably consistent, with low variability in grade along the quoted 55m interval.
Managing Director Alex Scanlon says combined with last week’s assay results from the northern end of the deposit, the company has added 600m of new mineralisation along strike, or about 30% of the April 2023 JORC resource footprint.
“Updated 223 deposit modelling is underway. Our objective is to confirm additional low-cost growth in the long-term JORC resources base, while awaiting assay results from the surrounding growth and discovery targets“
“Updated 223 deposit modelling is underway. Our objective is to confirm additional low-cost growth in the long-term JORC resources base, while awaiting assay results from the surrounding growth and discovery targets.”
Drilling to date comprises 23 RC drillholes for 4,938m at the Southern 223 target, to evaluate potential extensions of the 223 deposit’s mineralisation and support further growth of the 223 deposit’s MRE.
Barton Gold is an ASX, OTCQB, and Frankfurt stock exchange-listed gold explorer. The company has a pipeline of projects and brownfield mines, alongside 100% ownership of the only regional gold mill in the Central Gawler Craton of South Australia.
As of 30 September 2023, the company had $9.295 million cash at hand, according to its latest quarterly report.
