Barton Gold has been granted a major new tenement at the Tarcoola Gold project in South Australia.

Exploration Licence (EL) 6860 is a new 435km2 area next to EL6210, which hosts Mining Lease (ML) 6455, site of the Tarcoola gold rush producing ~77koz Au at an average ~37.5g/t Au between 1900 and 1955, and the open pit Perseverance Mine which during 2018 sent an average ~3.8g/t Au ore to Barton’s Central Gawler Mill.

Notably, Barton Gold (ASX:BGD) has also discovered the new Perseverance West high-grade zone with multiple mineralised horizons next to the Perseverance Mine.

Barton Gold ASX BGD
Pic: Tarcoola Project with New EL6860 (in green)

Expanding footprint in the Central Gawler Craton

The company has been aggressively expanding its footprint around its gold projects, recently securing a 77sqkm tenement immediately next to its 965,000oz Tunkillia project and expanding the overall footprint at the project with the discovery of the new Area 51 gold zone.

And now with the new Tarcoola tenement added, the company has further boosted its regional landholding.

“We are very pleased to acquire this tenement as an important addition to our strategic regional footprint in the Central Gawler Craton,” MD Alex Scanlon said.

“Our regional prospectivity analysis indicates the potential for this new tenement area to host scale gold mineralisation analogous to that already identified on neighbouring tenements EL6210 and ML6455.”

 

 

 

 

This article was developed in collaboration with Barton Gold Limited, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.