Major Regional Aircore Drilling Program Starts at Tarcoola

Rhea-AI Summary

Barton Gold Holdings (ASX:BGD, OTCQB:BGDFF) has initiated a major regional exploration drilling program at its Tarcoola Gold Project in South Australia. The program includes:

- ~10,000m of aircore (AC) drilling along the Lake Labyrinth Shear Zone (LLSZ)
- Targeting large-scale alteration along strike from Indiana Resources' high-grade Minos Project
- Drilling spaced at 0.5-1km intervals over a 10km long section of the LLSZ

This program follows recent developments at Barton's projects, including:
- Upgraded JORC Resources at Perseverance Mine
- Discovery of a new high-grade 'Tolmer' gold zone in Tarcoola's western area
- Outlined a 130,000ozpa gold operation at the neighbouring Tunkillia Gold Project

The company aims to unlock the scale potential of its strategic asset package by exploring previously untested sections of major regional structures known to host gold.

Positive

• Initiation of a major 10,000m aircore drilling program at Tarcoola Gold Project
• Exploration of previously untested sections of the Lake Labyrinth Shear Zone
• Recent upgrade of JORC Resources at Perseverance Mine
• Discovery of new high-grade 'Tolmer' gold zone in Tarcoola's western area
• Outlined a 130,000ozpa gold operation at neighbouring Tunkillia Gold Project

Negative

• None.

ADELAIDE, AUSTRALIA / ACCESSWIRE / October 1, 2024 /

HIGHLIGHTS

• ~10,000m regional aircore (AC) drilling program begins on Lake Labyrinth Shear Zone (LLSZ)

• Targeting large-scale alteration along strike from Indiana Resources' high-grade Minos Project

Fig 1 - Tarcoola map showing Perseverance Mine, Western Targets zone & LLSZ target zone (red)

Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to confirm that a major regional exploration drilling program has begun over previously untested sections of the LLSZ at the Company's South Australian Tarcoola Gold Project (Tarcoola). The program will initially comprise ~10,000m of AC drilling spaced at 0.5 -1km intervals along a 10km long section of the LLSZ.

Commenting on the Tarcoola aircore drilling program, Barton MD Alexander Scanlon said:

"We recently upgraded the Perseverance Mine's JORC Resources, discovered a new high-grade ‘Tolmer' gold zone in Tarcoola's western area, and outlined a competitive 130,000ozpa gold operation at the neighbouring Tunkillia Gold Project. While incrementally advancing each of these key project areas, we are also now stepping further out along major regional structures with the potential to host the next major discovery on our ground.

"All of these structures are demonstrated to host gold, yet the vast majority of their strike remains untested. We look forward to sharing updates as we continue unlocking the scale potential of our strategic asset package."

Authorised by the Managing Director of Barton Gold Holdings Limited.

For further information, please contact:

Alexander Scanlon Managing Director a.scanlon@bartongold.com.au +61 425 226 649

Shannon Coates Company Secretary cosec@bartongold.com.au +61 8 9322 1587

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 100% ownership of the only regional gold mill in the renowned central Gawler Craton of South Australia.*

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 competitive ~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.

* Refer to Barton Prospectus dated 14 May 2021 and ASX announcements dated 4 March and 16 July 2024. Total Barton JORC (2012) Mineral Resources include 824koz Au (26.8Mt @ 0.96 g/t Au) in Indicated and 750koz Au (25.4Mt @ 0.92 g/t Au) in Inferred categories.

SOURCE: Barton Gold Holdings Limited

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FAQ

What is the size of the aircore drilling program initiated by Barton Gold Holdings (BGDFF) at Tarcoola?

Barton Gold Holdings (BGDFF) has initiated a ~10,000m aircore drilling program at the Tarcoola Gold Project, targeting the Lake Labyrinth Shear Zone.

What is the spacing of the drilling intervals in Barton Gold's (BGDFF) Tarcoola exploration program?

The aircore drilling program at Tarcoola is spaced at 0.5-1km intervals along a 10km long section of the Lake Labyrinth Shear Zone.

What recent developments has Barton Gold (BGDFF) reported for its projects?

Barton Gold (BGDFF) has reported upgraded JORC Resources at Perseverance Mine, discovery of a new high-grade 'Tolmer' gold zone in Tarcoola's western area, and outlined a 130,000ozpa gold operation at the neighbouring Tunkillia Gold Project.

What is the main objective of Barton Gold's (BGDFF) current exploration program at Tarcoola?

The main objective is to unlock the scale potential of Barton Gold's (BGDFF) strategic asset package by exploring previously untested sections of major regional structures known to host gold.