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- Barton Gold Holdings (ASX:BGD) kicks off RC drilling inside the Perseverance open pit mine at its Tarcoola gold project in South Australia
- Barton will drill around 1500 metres across 20 holes to test the immediate pit floor mineralisation, following previous exploration in 2020 and 2021
- The company recently used a large-scale seismic survey to unveil the subsurface architecture of the Tarcoola Goldfield for the first time in its 130-year history
- The current program is now being used to inform a 2024 JORC resource for the Perseverance open-pit mine
- BGD shares last traded at 25 cents
Barton Gold Holdings (ASX:BGD) has started reverse circulation (RC) drilling inside the Perseverance open pit mine at its Tarcoola gold project in South Australia.
The company is planning to drill around 1500 metres to test the immediate pit floor mineralisation, following its 2020 and 2021 exploration in the area, which identified a new shallow high-grade gold zone.
This zone lies within new structures intercepted behind the southern wall of the open pit.
“We are focused on adding shallow, easily accessible mineralisation to our existing open pit as the first step to confirming an initial base of resources supporting an accelerated ‘Stage 1’ return to production and cash flow,” BGD Managing Director Alex Scanlon said.
“Even minor extensions can offer high-value ounces considering our fully permitted mining lease, fully licensed mill, and the significantly reduced capital and operating requirements for an existing shallow open pit mine.”
The company recently used a large-scale seismic survey to unveil the subsurface architecture of the Tarcoola Goldfield for the first time in its 130-year history.
The current program is drilling up to 20 holes and follows 600 metres of diamond drilling (DD) in September at the southern end of the Perseverance pit. These results will be analysed to inform a 2024 resource upgrade.
BGD shares last traded at 25 cents.
