Barton Gold Holdings Limited (ASX: BGD) has discovered a new ~800m long gold zone at the company’s South Australian Tunkillia Gold Project.
Assay results from the first 20 holes of the Phase 1 drilling program (total 3,178m confirm a significant, new shallow gold zone located approximately ~500m north-west of the 223 Deposit (223 North).
Managing Director, Alexander Scanlon, said the 223 Deposit hosts a JORC (2012) Mineral Resource of 965koz Au (26.1Mt @ 1.15 g/t Au) on ~2.5km of strike (~68% Indicated). 1 223 North extends Tunkillia’s total mineralised strike ~30%, to ~3.3km.
“I am pleased to announce a significant discovery at the Tunkillia Gold Project, where shallow intersections have confirmed our prediction for a new body of mineralisation northwest of the 223 Deposit,” Mr Scanlon said.
“The 223 North prospect has been established as an ~800m long body of gold mineralisation.
“The 223 North mineralisation has been defined on the same ~100m spacing used for Inferred Resources in the 223 Deposit, where Barton recently defined 965koz Au JORC Resources on ~2.5km of strike.
“There is potential to extend 223 North a further ~1km through additional infill drilling.
These results extend Barton’s track record of a new discovery with every exploration programme. We have invested heavily in pre-drilling technical work and it is rewarding to see this translate into efficient drilling, new discoveries, and rapidly expanding footprints for potential large-scale Resources.
“We look forward to sharing the balance of Tunkillia Phase 1 drilling assay results, including Area 191 as another potentially interesting satellite area.”
Mineralisation at the 223 Deposit also remains open to extension in all directions, with historical drilling in the centre of the 223 Deposit area intersecting mineralisation over 100m below the current Mineral Resource profile.
Shallow, Broad & Higher-Grade Results Echo the 223 Deposit The new 223 North gold zone commences from ~500m north of the 223 Deposit and trends to the northwest. Throughout the mineralisation, several shallow and broad intersections, interspersed with significant higher-grade intersections, suggest a mineralisation profile like that seen in the 223 Deposit.
223 North remains open to depth, and infill drilling could potentially extend the zone a further ~1km, including the potential to connect with the 223 Deposit.
For further information please visit: https://bartongold.com.au/
