Barton Gold (ASX:BGD) flags second potential 223 Deposit extension at Tunkillia project, SA

• Barton Gold (BGD) identifies multiple broad and high-grade intersections outside the current mineral resource estimate (MRE) at the Tunkillia 223 deposit in SA
• Assays from multiple drill holes returned up to 2.51 grams per tonne (g/t) gold over a six-metre interval from 43 metres below surface
• The company says the results show the potential to add a 300-metre zone of depth extension to the 965,000-ounce mineral resource in the area
• BGD says it will release an updated MRE for the project in the fourth quarter of FY23, with results from drilling at the regional Area 51 target due in April and May
• BGD shares are trading at 22 cents at 1:30 pm AEDT

Barton Gold (BGD) has identified multiple broad and high-grade intersections outside the current mineral resource estimate (MRE) at the Tunkillia 223 deposit in SA.

The results come from the final assays of a 9214-metre diamond drilling program and a 37-hole reverse circulation (RC) program in the area, which is part of the wider Tunkillia project.

Some of the top assay results include a six-metre intersection grading 2.51 grams per tonne (g/t) gold from 43 metres, which itself included a four-metre zone at 2.88 g/t gold.

The company said these new results further enhanced the picture from December and January assays of a series of broad intersections that lay outside of the 2020 block model in previously-untested areas to the south of the 223 deposit.

Further, the new assays show the potential to add a 300-metre zone of depth extension to the 965,000-ounce mineral resource in the area.

“We are excited that assays continue to validate our thesis that the 223 Deposit itself has considerable potential for extensions and growth, not only on known mineralisation but also in previously untested areas,” BGD Managing Director Alex Scanlon said.

“These results in particular highlight potential for entirely new shallow high-grade structures adjacent to the 2020 block model.”

BGD said it would release an updated MRE for the project in the fourth quarter of the 2023 financial year, with results from diamond drilling and RC drilling at its regional Area 51 target due in April and May.

BGD shares were trading at 22 cents at 1:30 pm AEDT.