Approximately 15,200m of drilling has added ~224,000 oz Au in the cornerstone 223 Deposit and the 223 North satellite gold zone for an estimated 'all in' cost of
Commenting on the latest Tunkillia JORC Resources update, Barton MD
"This is the second time that Barton has grown the
HIGHLIGHTS
- Tunkillia JORC Mineral Resources increase to 1.38 million oz (46.3Mt @ 0.93 g/t Au), with 224,000 oz Au added for an 'all in' cost of only AUD
- Attractive characteristics:
o 794koz Au of Tunkillia Project Resources are classified in the JORC 'Indicated' category (~58%)
o 277koz Au in shallow supergene zone starting from ~35m depth
o ~80% of Resource tonnes and ounces are within 200m of surface; and
o 300m long higher-grade zone located in the centre of the 223 Deposit
- Upgraded Tunkillia MRE includes:
o 223 Deposit extensions, a new southern gold zone, and 'Area 223 North' converted to MRE
o +22% total tonnes (+8.3Mt) and +20% total Au metal (+224koz)
o +80% Resource strike (from ~2km to ~3.5km)
- Conservatively modeled with a production mentality; tight grade capping and internal dilution targeting efficient, bulk open pit operations and strong metal reconciliation
- Near-term exploration upside, with Area 51, Area 191, and SE Offset assays pending
- Barton total JORC Mineral Resources increase to 1.46 million oz (47.2Mt @ 1.0 g/t Au), with 413,000 oz Au added during 2023 for an average 'all in' cost of only AUD
To view the Resource Upgrade Presentation, please visit:
https://www.abnnewswire.net/lnk/6F3K8004
About
Contact:
Managing Director
E: a.scanlon@bartongold.com.au
T: +61 425 226 649
Company Secretary
E: cosec@bartongold.com.au
T: +61 8 9322 1587
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