Tunkillia JORC Resources Grow to 1.6Moz gold, 3.1Moz silver
Barton Gold Holdings (OTCQB:BGDFF) has announced an updated Mineral Resources estimate for its Tunkillia Gold Project in South Australia. The update reveals a significant increase to 1.6 million ounces of gold and 3.1 million ounces of silver in JORC Resources.
The resource expansion follows approximately 5,000 meters of reverse circulation (RC) drilling that enabled extensions of previous MRE block models. The company expects improved economics in the forthcoming Optimised Scoping Study, citing material efficiencies and power savings in their comminution modeling.
Barton Gold Holdings (OTCQB:BGDFF) ha annunciato una stima aggiornata delle Risorse Minerarie per il suo Progetto Oro Tunkillia in Australia Meridionale. L'aggiornamento rivela un significativo aumento a 1,6 milioni di once d'oro e 3,1 milioni di once d'argento nelle Risorse JORC.
L'espansione delle risorse segue circa 5.000 metri di perforazione a circolazione inversa (RC) che ha consentito l'estensione dei precedenti modelli di blocco MRE. L'azienda prevede un miglioramento economico nello prossimo Studio di Scoping Ottimizzato, citando efficienze materiali e risparmi energetici nella loro modellazione della frantumazione.
Barton Gold Holdings (OTCQB:BGDFF) ha anunciado una estimación actualizada de Recursos Minerales para su Proyecto de Oro Tunkillia en Australia del Sur. La actualización revela un aumento significativo a 1,6 millones de onzas de oro y 3,1 millones de onzas de plata en Recursos JORC.
La expansión de los recursos sigue aproximadamente 5,000 metros de perforación de circulación inversa (RC) que permitió la extensión de los modelos de bloques MRE anteriores. La compañía espera una mejora económica en el próximo Estudio de Alcance Optimizado, citando eficiencias materiales y ahorros de energía en su modelado de conminución.
바튼 골드 홀딩스 (OTCQB:BGDFF)는 남호주 튼킬리아 금 프로젝트에 대한 업데이트된 광물 자원 추정치를 발표했습니다. 이 업데이트는 JORC 자원에서 160만 온스의 금과 310만 온스의 은으로 상당한 증가를 보여줍니다.
자원 확장은 약 5,000미터의 역순환(RC) 시추를 통해 이전 MRE 블록 모델의 확장을 가능하게 했습니다. 회사는 자원 절약과 물질적 효율성을 언급하며 향후 최적화된 스코핑 연구에서 개선된 경제성을 기대하고 있습니다.
Barton Gold Holdings (OTCQB:BGDFF) a annoncé une estimation mise à jour des Ressources Minérales pour son Projet d'Or Tunkillia en Australie-Méridionale. La mise à jour révèle une augmentation significative à 1,6 million d'onces d'or et 3,1 millions d'onces d'argent dans les Ressources JORC.
L'expansion des ressources fait suite à environ 5 000 mètres de forage à circulation inverse (RC) qui ont permis d'étendre les modèles de blocs MRE précédents. L'entreprise s'attend à une amélioration économique dans la prochaine Étude de Portée Optimisée, citant des gains d'efficacité matérielle et des économies d'énergie dans leur modélisation de concassage.
Barton Gold Holdings (OTCQB:BGDFF) hat eine aktualisierte Schätzung der Mineralressourcen für sein Tunkillia-Goldprojekt in Südaustralien bekannt gegeben. Das Update zeigt einen signifikanten Anstieg auf 1,6 Millionen Unzen Gold und 3,1 Millionen Unzen Silber in JORC-Ressourcen.
Die Ressourcenerweiterung folgt auf etwa 5.000 Meter Reverse-Circulation (RC)-Bohrungen, die Erweiterungen der vorherigen MRE-Blockmodelle ermöglichten. Das Unternehmen erwartet eine verbesserte Wirtschaftlichkeit in der bevorstehenden optimierten Machbarkeitsstudie und verweist auf Materialeffizienzen und Energieeinsparungen in ihrer Zerkleinerungsmodellierung.
- Added 120,000 oz gold to resource estimate
- New 3.1M oz silver resource formally classified
- Extended mineralization beyond previous block models
- Expected improvements in project economics
- None.
~120koz gold added, silver formally classified for Optimised Scoping Study
ADELAIDE, AU / ACCESS Newswire / March 3, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or the Company) is pleased to announce a Mineral Resources update for its South Australian Tunkillia Gold Project (Tunkillia).
~5,000m of reverse circulation (RC) drilling to depth has enabled extensions of the previous MRE block models.1
A copy of this presentation can be accessed on the ASX website, the investor section of Barton's website, or directly by clicking here.
Commenting on the latest Tunkillia JORC Resources update, Barton MD Alexander Scanlon said:
"We are pleased to report that further drilling and optimisation analyses confirm additional mineralisation extending beyond previous block models, Mineral Resources Estimates and pit optimisations for the Tunkillia Project. We are also pleased to declare a 3.1Moz silver JORC Resource as a subset of the 1.6Moz gold Resource.
"Combined with the material efficiencies and power savings we are targeting in our comminution modelling, we anticipate that Tunkillia's forthcoming Optimised Scoping Study will yield much improved economics."
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
Jade Cook
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 ~1.7Moz Au JORC Mineral Resources (64.0Mt @ 0.83 g/t Au), brownfield mines, and
Tarcoola Gold Project
Tunkillia Gold Project
Key Regional Infrastructure
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Competent Persons Statement & Previously Reported Information
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 announcement dated 4 March 2025. Total Barton JORC (2012) Mineral Resources include 909koz Au (30.8Mt @ 0.92 g/t Au) in Indicated category and 799koz Au (33.2Mt @ 0.75 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources.
SOURCE: Barton Gold Holdings Limited
View the original press release on ACCESS Newswire
FAQ
What is the new gold resource estimate for Barton Gold's Tunkillia Project (BGDFF)?
How much silver was added to Tunkillia's resource estimate in March 2025?
How many meters of RC drilling were completed at BGDFF's Tunkillia Project?
What improvements does Barton Gold expect from the upcoming Tunkillia Optimised Scoping Study?
