21 Oct Barton Gold nears 1Moz resource at Tunkilla project in South Australia
Privately managed Australian exploration firm Barton Gold has announced a major upgrade to its JORC 2012 classified mineral resource at the Tunkilla project in South Australia.
In a news release, Barton said it had increased resources at the 223 Deposit by over 70% to 26.1 million tonnes at 1.15 g/t of gold for 965,000 ounces, with 68% in the indicated category.
The 2.5 km long deposit remains open at depth and along strike, while the mineralisation host structure extends geophysically, geochemically and geologically by a further 7 km North and 7 km South.
Tunkilla is South Australia’s largest undeveloped gold-only resource and is located around 70 km Southeast of Barton’s open pit Tarcoola project.
“We are very pleased to share these results following some 18 months of detailed investigation and analysis,” said Barton managing director Alexander Scanlon.
“This nearly 1 million ounce (Moz) platform with extensions of mineralisation some 7 km both North and South now represents an exciting opportunity to target further extensions and upgrades of resource, and validates Tunkillia as a potential district-scale asset on its own.
Combined with the nearby Tarcoola project…our ongoing works underscore the exciting potential for a large-scale ‘hub’ style combined development,” he said.