Barton Gold Holdings Limited (ASX: BGD) has identified additional high-grade intersections in quartzite and shales of Tarcoola Formation in assay results from the initial 11 holes of its 3,267m May 2022 drilling programme at the Tarcoola Gold Project in South Australia.
The assays are from the Perseverance West gold zone located at the southern end of the shallow open pit Perseverance Mine and confirm further significant high-grade mineralisation.
Perseverance West was initially discovered by Barton during its August 2020 Phase 1 Tarcoola drilling programme.
“Three successive drilling programmes at the Perseverance West gold zone have yielded encouraging grades and intersections adjacent to the pit. We look forward to receiving assay results for three additional step-out holes,” Barton MD, Alexander Scanlon, said.
“We are systematically building a picture of Tarcoola mineralisation and with multiple geophysical programs indicating dozens of potential repeat targets across an initial ~15km corridor, we believe these results are just a small snapshot of Tarcoola’s broader regional potential to host dozens of shallow high-grade occurrences.
“In addition to pending Perseverance West assays, we are eagerly awaiting results from our recent May 2022 drilling at the Tunkillia Project, located only ~70km south of Tarcoola. This programme saw 3,160m of drilling in the Area 51 prospect and new 223 North gold zone, with potential to identify significant new mineralisation.”
Barton’s August 2020 and July 2021 drilling programmes discovered multiple shallow high-grade structures and gold-enriched zones in Tarcoola Formation lithologies along a ~350m strike and to ~125m depth.
The May 2022 drilling campaign was designed to infill drill the gold mineralisation, improve confidence in continuity, and to contribute to a future mineral resource estimate update. Key results include:
• TBM0077: 9m @ 1.20 g/t Au from 48m
• TBM0082: 2m @ 5.49 g/t Au from 155m
• TBM0079: 3m @ 3.01 g/t Au from 44m 2m @ 4.30 g/t Au from 170m
• TBM0080: 5m @ 6.60 g/t Au from 83m, incl 1m @ 29.8 g/t Au from 83m
• TBM0083: 6m @ 7.62 g/t Au from 44m, incl 2m @ 18.2 g/t from 44m
• TBM0084: 2m @ 3.97 g/t Au from 141m
Additional assay results from Perseverance West, from three step-out drill holes (TBM0086 – TBM0088) located ~50 metres west of drill holes TBM0083 – TBM0085, are pending.
The company expects the balance of assay results from the May 2022 Tarcoola and Tunkillia drilling programmes to be received and released throughout the balance of July and August 2022.
For further information please visit: https://bartongold.com.au/
