Barton Gold ticks off Tunkilla Gold diamond drilling ahead of mineral resource estimate set for April
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The purpose of the diamond drilling was to target the depth extensions of the cornerstone 223 Deposit and the new 500m long Area 51 gold zone announced during September 2022.
Core samples from the drilling program have been dispatched for cutting and assaying, with assay results expected to be received during February, March, and April.
Alongside these assays from reverse circulation drilling underway at the 223 deposit and Area 51, the results will inform an updated mineral resource estimate (MRE) at the 223 Deposit, anticipated for April 2023.
Barton Gold (ASX:BGD) will also evaluate the potential to establish a new MRE at the Area 51 gold zone.
“With three new gold zones in roughly 12 months, we have shown the local gold endowment to be broader than previously known,” Barton managing director Alex Scanlon says.
“We believe this is just the start for this system.
“There’s another +20km of untested shear zone strike and (we) expect the results of this drilling to provide key insights into the regional structural model, as well as strengthen future resource modelling.”
This article was developed in collaboration with Barton Gold Holdings, 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.