on Barton Gold Holdings Limited (ASX:BGD)
Tunkillia Diamond Drilling Begins for Barton Gold
Barton Gold Holdings Limited has initiated diamond drilling at the Tunkillia Gold Project in South Australia. Two drilling rigs are now operational to advance a 3,000m program aimed at enhancing the geotechnical and metallurgical databases. This phase supports the company's JORC Mineral Resource Estimate upgrades and open pit design optimization, crucial for the upcoming Prefeasibility Study and Mining Lease application targeted by late 2026.
The Tunkillia project promises significant returns with projected annual outputs of approximately 120,000oz of gold and 250,000oz of silver. Barton plans to utilize increasing gold and silver prices to expedite its efforts, with earlier phases yielding promising mineralization results. The initiative forms part of the broader aim to secure declared JORC Ore Reserves and a robust operational start by the end of 2026.
R. E.
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