Further Open Pit Drilling Wraps Up 10,000m Tarcoola Program
Barton Gold Holdings (ASX:BGD, OTCQB:BGDFF) has completed its drilling program near the Tarcoola Gold Project's Perseverance open pit mine. The program included 9,052m of reverse circulation (RC) drilling across 44 days, testing multiple regional targets. Additionally, 882m of RC drilling was conducted in 10 holes targeting shallow open pit mineralisation, following a recent JORC Mineral Resource Estimate (MRE) of ~20koz Au @ ~2 g/t Au in the Perseverance pit floor.
The drilling focused on interpreted structural targets near the Perseverance mine, including Mining Lease 6455 and key targets on Exploration License 6210. Managing Director Alexander Scanlon highlighted the potential value of discovering a 'Perseverance repeat' and the opportunity to expand the open pit Resource, leveraging their existing fully permitted mill.
Barton Gold Holdings (ASX:BGD, OTCQB:BGDFF) ha completato il suo programma di perforazione vicino alla miniera a cielo aperto Perseverance del Progetto d'Oro Tarcoola. Il programma ha incluso 9.052 metri di perforazione a circolazione inversa (RC) nell'arco di 44 giorni, testando diversi obiettivi regionali. Inoltre, sono stati effettuati 882 metri di perforazione RC in 10 fori, mirati a mineralizzazioni superficiali a cielo aperto, a seguito di una recente Stima delle Risorse Minerali JORC (MRE) di ~20koz Au @ ~2 g/t Au nel fondo della miniera Perseverance.
La perforazione si è concentrata su obiettivi strutturali interpretati vicino alla miniera Perseverance, incluso il Mining Lease 6455 e obiettivi chiave sulla Licenza di Esplorazione 6210. Il Direttore Generale Alexander Scanlon ha sottolineato il potenziale valore di scoprire un 'ripetizione di Perseverance' e l'opportunità di espandere le risorse della miniera a cielo aperto, sfruttando il loro impianto completamente autorizzato.
Barton Gold Holdings (ASX:BGD, OTCQB:BGDFF) ha completado su programa de perforación cerca de la mina a cielo abierto Perseverance del Proyecto de Oro Tarcoola. El programa incluyó 9,052 metros de perforación de circulación inversa (RC) durante 44 días, probando múltiples objetivos regionales. Además, se realizaron 882 metros de perforación RC en 10 agujeros que apuntaban a mineralización superficial a cielo abierto, tras una reciente Estimación de Recursos Minerales JORC (MRE) de ~20koz Au @ ~2 g/t Au en el fondo de la mina Perseverance.
La perforación se centró en objetivos estructurales interpretados cerca de la mina Perseverance, incluyendo el Mining Lease 6455 y objetivos clave en la Licencia de Exploración 6210. El Director General Alexander Scanlon destacó el valor potencial de descubrir una 'repetición de Perseverance' y la oportunidad de expandir los recursos de la mina a cielo abierto, aprovechando su molino completamente autorizado.
바튼 골드 홀딩스 (ASX:BGD, OTCQB:BGDFF)는 타르쿨라 금 프로젝트의 퍼서비어런스 노천 광산 근처에서 시추 프로그램을 완료했습니다. 이 프로그램은 9,052m의 역회전 시추 (RC)를 포함하여 44일 동안 여러 지역 목표를 조사했습니다. 또한, 최근 JORC 광물 자원 추정 (MRE)에 따라 ~20koz Au @ ~2 g/t Au가 있는 퍼서비어런스 광산 바닥을 겨냥하여 10개 구멍에서 882m의 RC 시추가 수행되었습니다.
이번 시추는 퍼서비어런스 광산 근처의 해석된 구조적 목표에 집중되었으며, 여기에는 Mining Lease 6455와 탐사 라이센스 6210의 주요 목표가 포함됩니다. 매니징 디렉터 알렉산더 스캔론은 '퍼서비어런스 반복'(Perseverance repeat)을 발견할 수 있는 잠재적 가치를 강조하며, 기존의 완전 허가된 밀을 활용하여 노천 자원을 확장할 기회를 주목했습니다.
Barton Gold Holdings (ASX:BGD, OTCQB:BGDFF) a achevé son programme de forage près de la mine à ciel ouvert Perseverance du projet d'or Tarcoola. Le programme comprenait 9 052 mètres de forage à circulation inversée (RC) sur une durée de 44 jours, testant plusieurs cibles régionales. De plus, 882 mètres de forage RC ont été réalisés dans 10 trous ciblant une minéralisation peu profonde à ciel ouvert, suite à une récente estimation des ressources minérales JORC (MRE) de ~20koz Au @ ~2 g/t Au dans le fond de la mine de Perseverance.
Le forage s'est concentré sur des cibles structurelles interprétées près de la mine de Perseverance, y compris le Mining Lease 6455 et des cibles clés sur la licence d'exploration 6210. Le directeur général Alexander Scanlon a souligné la valeur potentielle de découvrir une 'répétition de Perseverance' et l'opportunité d'élargir les ressources de la mine à ciel ouvert, en s'appuyant sur leur usine entièrement autorisée.
Barton Gold Holdings (ASX:BGD, OTCQB:BGDFF) hat sein Bohrprogramm abgeschlossen, das in der Nähe der Perseverance-Tagebau-Mine des Tarcoola Goldprojekts durchgeführt wurde. Das Programm umfasste 9.052 m Bohrungen mit umgekehrter Zirkulation (RC) über einen Zeitraum von 44 Tagen, bei denen mehrere regionale Ziele getestet wurden. Darüber hinaus wurden 882 m RC-Bohrungen in 10 Löchern durchgeführt, die sich auf flache Tagebau-Mineralisation konzentrierten, nach einer aktuellen JORC-Ressourcenschätzung (MRE) von ~20koz Au @ ~2 g/t Au auf dem Grund der Perseverance-Mine.
Die Bohrungen konzentrierten sich auf interpretierte strukturelle Ziele in der Nähe der Perseverance-Mine, einschließlich Mining Lease 6455 und Schlüsselziele auf der Explorationslizenz 6210. Geschäftsführer Alexander Scanlon hob den potenziellen Wert einer Entdeckung eines 'Perseverance-Wiederholers' hervor und die Möglichkeit, das Ressourcengebiet des Tagebaus zu erweitern, indem man die bestehende, vollständig genehmigte Mühle nutzt.
- Completion of 9,052m RC drilling program across 44 days
- Additional 882m RC drilling targeting shallow open pit mineralisation
- Recent JORC MRE of ~20koz Au @ ~2 g/t Au in Perseverance pit floor
- Potential for expansion of open pit Resource
- Existing fully permitted mill enhances development opportunities
- None.
Program completes with follow up to recent open pit floor JORC MRE
ADELAIDE, AUSTRALIA / ACCESSWIRE / July 24, 2024 /
HIGHLIGHTS
Ongoing ~9,000m Tarcoola reverse circulation (RC) drilling program completed on regional targets; additional ~900m drilling completed in Perseverance open pit next to new JORC MRE
Barton Gold Holdings Limited (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) (Barton or Company) is pleased to confirm that its drilling program testing multiple targets near the Tarcoola Gold Project's (Tarcoola) Perseverance open pit mine is now complete, with 9,052m RC drilling completed across 44 days' drilling. 2
Following the recent new JORC (2012) Mineral Resource Estimate (MRE) totalling ~20koz Au @ ~2 g/t Au in the Perseverance pit floor, Barton has also completed another 10 holes totalling 882m RC drilling targeting other shallow open pit mineralisation with potential for conversion into an expanded open pit MRE.
Commenting on the recent Tarcoola drilling programs, Barton MD Alexander Scanlon said:
"This is our first significant test of new Tarcoola structural targets identified late last year. Just one ‘Perseverance repeat' could be of considerable value to our regional strategy for staged, low-cost development and operations.
"There is also potential to convert further shallow mineralisation into an expanded open pit Resource. With an existing fully permitted mill this is a high-value opportunity, so we are pleased to have quickly followed it up."
Regional drilling has focused on interpreted structural targets near the Perseverance mine, including on Mining Lease 6455 and key targets on Exploration License 6210 (Tolmer, Mulgathing and Warburton).
Authorised by the Managing Director of Barton Gold Holdings Limited.
For further information, please contact:
Alexander Scanlon | Shannon Coates |
|
About Barton Gold
Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000oz annually, with ~1.6Moz Au JORC Mineral Resources (52.2Mt @ 0.94 g/t Au), multiple advanced exploration projects and brownfield mines, and
Tarcoola Gold Project
Existing brownfield open pit mine within trucking distance of Barton's processing plant
Under-explored asset with untapped scale potential
Tunkillia Gold Project
1.5Moz Au Mineral Resources (51.3Mt @ 0.91 g/t Au)*
Scoping Study for initial 6 year, ~130kozpa Au mine
Infrastructure
650ktpa CIP process plant, mine village, and airstrip
Tarcoola ~40 person lodging to support mine operations
Tunkillia camp to support dedicated project team
Competent Persons Statement & Previously Reported Information
The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC).
Activity | Competent Person | Membership | Status |
Tarcoola Mineral Resource (Stockpiles) | Dr Andrew Fowler (Consultant) | AusIMM | Member |
Tarcoola Mineral Resource (Perseverance Mine) | Mr Ian Taylor (Consultant) | AusIMM | Fellow |
Tarcoola Exploration Results (until 15 Nov 2021) | Mr Colin Skidmore (Consultant) | AIG | Member |
Tarcoola Exploration Results (after 15 Nov 2021) | Mr Marc Twining (Employee) | AusIMM | Member |
Tunkillia Exploration Results (until 15 Nov 2021) | Mr Colin Skidmore (Consultant) | AIG | Member |
Tunkillia Exploration Results (after 15 Nov 2021) | Mr Marc Twining (Employee) | AusIMM | Member |
Tunkillia Mineral Resource | Mr Ian Taylor (Consultant) | AusIMM | Fellow |
Challenger Mineral Resource | Mr Dale Sims (Consultant) | AusIMM / AIG | Fellow / Member |
The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at www.bartongold.com.au or on the ASX website www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements.
Cautionary Statement Regarding Forward-Looking Information
This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "expect", "target" and "intend" and statements than an event or result "may", "will", "should", "would", "could", or "might" occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof.
1 Refer to ASX announcement dated 3 July 2024
2 Refer to ASX announcements dated 14 May and 3 / 12 / 20 June 2024
*Refer to Barton Prospectus dated 14 May 2021 and ASX announcements dated 4 March 2024 and 15 July 2024. Total Barton attributable JORC (2012) Mineral Resources include 833koz Au (26.9Mt @ 0.96 g/t Au) in Indicated and 754koz Au (25.4Mt @ 0.92 g/t Au) in Inferred categories.
SOURCE: Barton Gold Holdings Limited
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FAQ
What is the total amount of RC drilling completed by Barton Gold Holdings (BGDFF) at Tarcoola?
What is the recent JORC Mineral Resource Estimate (MRE) for the Perseverance pit floor at Tarcoola?
Which exploration licenses did Barton Gold Holdings (BGDFF) target in their Tarcoola drilling program?
What is the potential benefit of finding a 'Perseverance repeat' for Barton Gold Holdings (BGDFF)?
