PriceSensitive

Barton kicks off scoping studies at Tunkillia – a 1.5Moz gold play

ASX News, Materials
ASX:BGD      MCAP $52.51M
18 April 2024 10:04 (AEDT)
Barton adds $3M to its piggy bank for SA exploration

A gold nugget on display afore a bowl of other nuggets. Source: Adobe Stock

Barton Gold’s (ASX:BGD) 1.5Moz JORC Tunkillia gold project is to be come the subject of comprehensive geotechnical assessment with the company kicking off scoping studies on Thursday.

Two private entities, GR Engineering and Mining Associates (MA), will conduct the studies.

A study that aims to preapre information for a later pre-feas study will also be executed once the scoping study has wrapped up.

GR and MA will look at mine design, production schedules, downstream infrastructure and personnel requirements as part of the comprehensive assessment.

“We have rapidly advanced Tunkillia since its acquisition in early 2020, leading to multiple expansions of its mineralised footprint,” Barton chief Alex Scanlon said.

The company boosted its on-site JORC to 1.5Moz in March.

“It is very exciting to now step forward into early development studies as we continue building the district scale potential for our South Australian assets,” he added.

BGD shares closed on Wednesday at 28cps.

Related News