Join our daily newsletter At The Bell to receive exclusive market insights
Barton Gold Holdings Ltd (ASX:BGD) has been able to prove the existence of silver in the Tolmer mineralised system, via recent assays taken from this prospect – which is part of the wider Tarcoola gold project in South Australia.
Grades up to 83.6 grams per tonne (g/t) of gold and 312 g/t of silver in quartz veining were discovered within assays that had been taken from the company’s expanded reverse circulation (RC) drilling program run from May to July 2024.
The high-grade silver was found in Tolmer’s supergene zone, as well as in primary gold-sulphide veins, connected to lead and zinc.
Intercepts included two metres at 0.35 g/t Au and 124 g/t Ag from 62 metres, including one metre at 180 g/t Ag; and one metre at 2.16 g/t Au and 241 g/t Ag from 79 metres.
The company also noted the yielding of strong results from a 2000-metre program of aircore (AC) drilling along strike of RC gold assays picked up between May and July at Tolmer, with the recent numbers including up to 3g/t of gold.
“We are excited to report new multi-element assays which confirm that high-grade silver is also present in the new Tolmer gold system, with silver grades up to 312 g/t Ag associated with gold grades up to 83.6 g/t Au,” Managing director Alexander Scanlon said.
“High-grade silver could benefit any potential future mining at Tolmer and may indicate a potential source of high-grade blending feed for the neighbouring Tunkillia Gold Project, which also carries a significant silver credit.
“Near-surface lead anomalies also appear to be a useful drill targeting guide for gold and silver in the Tarcoola region.”
The company has now started a follow-up RC drilling program at Tolmer.
Barton has been trading at 26.5 cents.
Join the discussion: See what HotCopper users are saying about Barton Gold Holdings and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
