Barton Gold Holdings Limited (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) has started the JORC upgrade drilling at the Tunkillia Gold Project in South Australia. The company announced that they are starting with an initial round of RC drilling at around 18,000m in order to convert the project’s high value Stage 1 and 2 optimized open pits to JORC (2012) measured and indicated categories.
The second stage for the RC and diamond drilling programme, which is planned from March – June 2026 will then target conversion of all other Tunkillia OSS mineralization JORC indicated category, expand Tunkillia’s geotechnical database for further open pit design optimization, and expand Tunkillia’s metallurgical database for detailed recovery and production modelling.
Alex Scanlon, Managing Director of Barton Gold commented, “TheTunkillia OSS demonstratedthefinancial and capital leverage available to large-scale bulk processing operations, with the major advantage of a higher-grade ‘Starter Pit’ that can pay back development costs 2x over in the first year.
“Having been approached by multiple prospective development and finance partners, upgrade drilling on Tunkillia’s ‘Starter Pits’ will expedite development and financing discussions while Barton evaluates the optimal path forward.
“We are aiming to generate maximum optionality for Tunkillia’s development, and plan to convert Mineral Resources to Ore Reserves, complete a Pre-Feasibility Study, and submit a Mining Lease application by the end of 2026.”
To read more about this, please visit https://bartongold.com.au/
For more articles like this, please visit https://www.theassay.com/
