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Barton tightens grip on Central Gawler gold field with new tenement adjacent to 965,000oz Tunkillia
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Leading South Australian gold developer Barton Gold has increased its control over one of the Gawler Craton’s premium gold fields, after being granted a 77sqkm tenement immediately next to its 965,000oz Tunkillia gold project.
Located adjacent to the west of Tunkillia’s rich 223 deposit, which contains 26.1Mt at 1.15g/t for 965,000oz, the strategic pegging of exploration licence EL 6845 will bolster Barton’s (ASX:BGD) dominance in the Central Gawler region where it boasts 1.1Moz of resources.
It also owns the 650,000tpa Central Gawler Mill, the only infrastructure of its kind in the Central Gawler region of South Australia, and brownfields Tarcoola project, where significant extensions have been identified outside an historic open pit.
Barton has recently made new discoveries outside of the 223 deposit, including three new zones at Areas 223 North, 191 and 51, and is currently in the midst of a 9000m reverse circulation drilling program targeting depth extensions at 223.
It is expected the new drilling, along with drilling undertaken in July 2021 and May this year will lead to an updated JORC (2012) Resource estimate for Tunkillia.
“We are pleased to increase our strategic tenement footprint in South Australia’s central Gawler Craton, and we thank the South Australian Government for the granting of this tenement,” Barton managing director Alex Scanlon said.
“The past year has clearly demonstrated the significant gold endowment and growth potential of the Tunkillia Project, with new gold mineralisation identified at every target tested.
“We believe the upside potential here is substantial, and we are actively working to grow the project’s mineral footprint and JORC Mineral Resources well beyond the current boundaries.”
This article was developed in collaboration with Barton Gold, 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.
