ADELAIDE, AUSTRALIA / ACCESSWIRE / June 14, 2024 /
HIGHLIGHTS
- Third mill parcel assays ~3.6 dry tonnes @ ~1,700 g/t Au for ~210oz contained gold
- Total gold in saleable concentrate is now ~1,400oz, worth ~$4.1m at current prices
Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or the Company) is pleased to announce that preliminary assays for the third parcel of December 2022 mill cleanout materials have been received. In December 2022 Barton recovered an estimated 10+ tonnes of gold bearing materials from the gold room, ball mills, sumps, floor and gravity circuit during a review of the Central Gawler Mill.1
The third ~3.6 dry tonnes have assayed an average ~1,700 g/t Au, for ~210oz Au of contained metal.
The first parcel of ~3.8 dry tonnes previously returned an average grade of ~3,000 g/t Au, for a contained metal value of ~375oz Au, and the second parcel of ~3.6 dry tonnes previously returned an average grade of ~7,000 g/t Au, for a contained metal value of ~815oz Au.2
Total saleable gold concentrates are therefore now ~11 dry tonnes grading ~3,880 g/t Au, for a contained metal value of ~1,400oz Au worth ~AUD $4.1m at current AUD gold prices of $2,950/oz.
The third parcel is the final main parcel of materials from the December 2022 mill cleanout. Assay figures are indicative only and final recoveries may vary significantly based upon metallurgical and other factors.
Commenting on the updated mill recoveries, Barton MD Alex Scanlon said:
“Our mill is a valuable, fully permitted strategic infrastructure platform for our Stage 1 and long-term strategies. The more than $5 million worth of gold it has yielded to date is a considerable ‘advance bonus’ for Barton.”
Authorised by the Board of Directors 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 |
Additional Insight
About Barton Gold
Barton Gold is an ASX, OTCQB, and Frankfurt stock exchange listed Australian gold exploration company with significant JORC Mineral Resources totaling 1.3Moz Au (40.6Mt @ 1.0 g/t Au), positioning them favorably for future growth and exploration opportunities.
Insight into Tarcoola Gold Project
- Existing brownfield open pit mine within trucking distance of Barton’s processing plant
- Under-explored asset with untapped scale potential
Insight into Tunkillia Gold Project
- 1.15Moz Au Mineral Resources (38Mt @ 0.94 g/t Au)*
- District-scale structures with advanced satellite targets
Insight into 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 extensive mineral resources and infrastructure owned by Barton Gold position them as a formidable player in the Australian gold exploration industry. The competent persons statement provides a solid foundation for the reliability and accuracy of their reported information.
