Barton Gold Holdings Limited (ASX: BGD) has received high-grade assay results from the remaining three holes of its 3,267m May 2022 drilling at the Tarcoola Gold Project in South Australia.
The mineralised assays are from the Perseverance West gold zone located at the southern end of the shallow open pit Perseverance Mine, and confirm further western extensions of mineralisation.
Perseverance West was initially discovered by Barton during its August 2020 Phase 1 Tarcoola drilling programme.
Assays for the completed drilling at the School and Ealbara prospect areas2 have also been received although no significant mineralisation has yet been intersected from this drilling, in part due to the thick cover sequence being tested at Ealbara pursuant to the company’s Accelerated Development Initiative (ADI) Round 2 funding grant from the South Australian Government.
“Perseverance West continues to demonstrate its prospective value as a shallow, high-grade open pit extension,” MD Alexander Scanlon said.
“We will continue to advance our work across the Mining Lease and surrounding Exploration License, where we have identified a ~15km corridor amenable to hosting multiple repeats of this style of mineralisation.
“This will include significant additional geophysical investigation and drilling to build up Tarcoola’s discovery pipeline.
“We are also expecting imminent receipt of first assays from the Tunkillia Project’s Area 51 prospect, a discovery target indicated by the same new geophysical model which correctly predicted new mineralised zones discovered late last year at Areas 223 North and 191. We are already planning our next Tunkillia drilling programmes which will start in early September, with the objective to support an updated year end Mineral Resources Estimate.”
Step Out Holes Confirm ~50m Extension of Perseverance West Strike
Barton’s August 2020 and July 2021 drilling programs discovered multiple shallow high-grade structures and gold-enriched zones at Perseverance West to ~125m depth in Tarcoola Formation lithologies.
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.
The latest results confirm the continuation of mineralisation ~50m further along strike to the west of the initial assay results reported to the ASX by Barton on 25 July 2022, with mineralisation remaining open both at depth and to further western extension.
Key results (>1.0 g/t Au) include: • TBM0086: 3m @ 1.95 g/t Au from 82m • TBM0087: 3m @ 1.40 g/t Au from 41m • TBM0087: 1m @ 1.25 g/t Au from 69m • TBM0077: 2m @ 1.99 g/t Au from 94m • TBM0088: 1m @ 1.58 g/t Au from 6m • TBM0088: 2m @ 7.07 g/t Au from 52m, incl 1m @ 11.8 g/t Au from 52m* • TBM0088: 2m @ 1.60 g/t Au from 62m • TBM0088: 4m @ 1.85 g/t Au from 151m, incl 1m @ 4.80 g/t Au from 151m.
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