- Barton Gold (ASX:BGD) wraps up a 20,000-metre drill run
- The campaign is intended to grow the company’s existing JORC resource
- To that end, updated modelling at two targets is underway
- Assay results are pending for three targets
- Shares last traded at 26 cents
Barton Gold (ASX:BGD) shares were up almost five per cent to 26 cents in the second hour of trade today as the company wraps up extension drilling at Tunkillia.
The existing resource at the project – namely the target called ‘223 Deposit’ – boasts a 1.15 million ounce JORC.
This is calculated to reflect a potential 38 million tonnes of ore grading at 0.94 grams per tonne (g/t) gold.
Barton Gold JORC upgrade
The existing JORC resource covering the 223 Deposit and 223 North is already in the process of being upgraded, thanks to assays from a drill run concluded in late October.
While that is being completed, resource modelling is also being updated for the best possible understanding of underground mineralisation dynamics.
Assays from other key targets on-site are due back to the company in “early 2024”.
Drill run particulars
The 223 Deposit was drilled further in the latest 20,000-metre drill run – so too was 223 North; targets Area 191 and 51 respectively, as well as a target called SE Offshoot.
The campaign used two rigs with an RC rig drilling some 17,700 metres.
A diamond-tipped rig, meanwhile, returned 2900 metres worth of core to surface.
Management comment
Barton Gold chief Alex Scanlon kept his comments brief on Monday.
“Our team have done an exceptional job to complete more than 20,000m RC and DD drilling at Tunkillia in only 14 weeks,” he said.
Mr Scanlon noted shareholders can expect more news on their screens shortly.
Shares last traded at 26 cents.