- Barton Gold (BGD) uncovers around $1.1 million worth of gold from a recent cleanout of the Central Gawler Mill in South Australia
- Initial assays revealed grades of approximately 3000 grams per tonne (g/t) of gold, from the first 3.8 dry tonnes of around 10 tonnes recovered late last year
- In December 2022, BGD dissembled the gold room and gravity circuit, cleaned and placed it in secure storage and also stripped balls mills, floors and sumps
- The company announced these figures were indicative only
- BGD shares are up 7.69 per cent and trading at 28 cents at 2:39 pm AEST
Barton Gold (BGD) has uncovered around $1.1 million worth of gold from a recent cleanout of the Central Gawler Mill in South Australia.
Initial assays from the first 3.8 dry tonnes of materials obtained from the overhaul revealed grades of approximately 3000 grams per tonne (g/t) of gold.
Barton Gold Managing Director Alex Scanlon said the company benefits from the location of the mill as the only regional gold mill in the central Gawler Craton of SA.
“One of Barton’s unique advantages is the ability to monetise a large asset portfolio, many of which are surplus to future requirements, to generate non-dilutive cash totalling more than $5.2 million (net) since our June 2021 IPO,” he said.
“The Central Gawler Mill provides significant leverage for regional development of gold mineralisation, and also yields considerable near-term value for Barton as we advance our regional exploration and development initiatives.”
In December of last year, Barton Gold completed a preliminary review of the mill, in which the gold room and gravity circuit were disassembled, cleaned and placed in secure storage, with balls mills, floors and sumps stripped.
The company estimated that more than 10 tonnes of gold-bearing materials were recovered, but noted the figures were indicative only.
Mr Scanlon expressed that the company looked forward to sharing further assays for the remaining recovered materials as they arrive.
BGD shares were up 7.69 per cent and trading at 28 cents at 2:39 pm AEST.