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Barton Gold reports progress at its South Australia gold project, with drilling ahead of schedule and strong early results expected soon.
Barton Gold Holdings reports its reverse circulation drilling at the Tunkillia Gold Project in South Australia is ahead of schedule and under budget, with two-thirds of the 18,000-meter campaign completed.
Focus remains on high-grade "Starter Pits," particularly "Stage 1," where initial results included 10 meters at 15.7 grams per tonne gold.
The company aims to upgrade mineral resources to JORC 2012 'Measured' and 'Indicated' categories to support financing.
First assay results from the central "Stage 1" area are expected soon.
The project, located in the Gawler Craton with a fully permitted mill and nearby mine, could yield 365,000 ounces of gold and A$1.3 billion in operating profit within 2.5 years, with strong early cash flow returns.
A second drilling phase is planned for March–June 2026, targeting broader mineralization and supporting geotechnical and metallurgical studies.
Barton Gold informa progreso en su proyecto de oro de Australia del Sur, con perforación antes de lo previsto y fuertes resultados iniciales esperados pronto.