Barton Gold says it’s just scratching the surface at its South Australian projects
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Barton Gold has completed the Tarcoola Phase 3 and Tunkillia Phase 2 drilling programs at its gold projects in South Australia.
The company expects the assay results will yield some interesting and informative results based upon extensive recent analysis and prior work.
“We have also been able to optimise the drilling programs ‘on the fly’ while in field, saving considerable drilling time and funds for allocation to follow up discovery, extensional and Mineral Resource conversion drilling programs planned for later this year,” Barton Gold (ASX:BGD) MD Alexander Scanlon says.
“We are just scratching the surface at these projects, and the combination of Tarcoola’s high-grade open pit extensions with Tunkillia’s rapidly expanding footprint offers interesting near and long-term conceptual development options.
“Our focus for 2022 remains on continued scale discovery and Resources growth.”
At the Tarcoola project, Phase 1 and 2 drilling during 2020 and 2021 identified ~200m depth extensions of mineralisation and a new ~350m long Perseverance West gold zone adjacent to the Perseverance open pit mine.
The plan this year is to expand the initial Mineral Resource accessible via the existing open pit and find new regional discoveries across an historically rich mineral domain.
The Phase 3 program completed 19 holes totalling 3,267m to extend and infill Perseverance West to confirm new easily accessible mineral resources.
It also tested the School and Ealbara regional prospects – co-funded by Round 2 of the South Australian Accelerated Discovery Initiative (ADI) Program.
Notably, Ealbara lies on a major inflection zone of the Lake Labyrinth Shear Zone, which is known to host significant gold mineralisation at Indiana Resources’ (ASX:IDA) Minos and Ariadne prospects.
Prior Tunkillia Phase 1 drilling last year identified two new gold zones (223 North and Area 191) totalling ~1.5km of new mineralisation – which the company says confirms its thesis of multiple mineralised satellites at the project.
It also confirmed a higher-grade zone of mineralisation within the cornerstone 223 deposit of 26.1Mt at 1.15 g/t Au for 965koz gold.
Phase 2 drilling has now completed 20 holes totalling 3,160m to test a high priority discovery target at Area 51, as well as potential extension targets at the new 223 North gold zone.
Barton believes it has only scratched the surface of the large-scale mineral potential at Tunkillia, and will systematically evaluate priority targets with the objective of rapidly expanding the project’s mineralised footprint.
This article was developed in collaboration with Barton Gold Holdings 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.