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Barton Gold grows Tunkillia project potential with high-grade gold assays at Area 51

ASX News, Materials
ASX:BGD      MCAP $54.70M
08 February 2024 12:03 (AEDT)

Tunkillia project. Source: Barton Gold

Barton Gold (ASX:BGD) has utilised infill drilling to further validate a zone of broad, coherent gold mineralisation at Area 51 within its Tunkillia project in South Australia.

In December 2023, Barton grew its Tunkillia resource to 1.38 million ounces gold.

Following up on this success, the company drilled an additional 3450 metres, with 700 metres focused on the targeted Area 51 satellite zone.

Today, Barton reported multiple intersections ranging from 20 to 50 metres wide.

Hole TKB175D encountered 44 metres at 1.81 grams per tonne (g/t) of gold from 64 metres depth.

This included a six-metre intersection of 5.85 g/t of gold from 69 metres and a high-grade zone of 19.95 g/t of gold over one metre from 80 metres depth.

Analysis is underway to convert Area 51 into a new JORC Mineral Resource Estimate (MRE).

“These results further validate the expansive potential of Tunkillia’s gold mineralisation, located ~4km northwest of the 223 Deposit area, Area 51 is the fifth new gold zone we have confirmed within this radius during the past two years,” BGD Managing Director Alex Scanlon said.

“Three of these have recently been converted to JORC Resources during December 2023, and we are now reviewing Area 51 for the same potential as we continue to build out the project’s mineralised footprint.”

Along with its activities at Area 51, Barton awaits additional assay results from its Tunkillia SE Offset target and its Tarcoola Perseverance open pit.

BGD shares last traded at 25 cents.

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