08 Jul Barton Gold to begin drilling at South Australia projects next week
ASX-listed Barton Gold is planning to mobilise a drill rig at the Tarcoola and Tunkillia gold projects in South Australia, just two weeks after its oversubscribed A$15 million initial public offering (IPO).
The 11,100 metre reverse circulation (RC) campaign will commence next week, with Tarcoola set to receive 5,100 metres first, before the rig is moved over to Tunkillia for a further 6,000 metres.
South Australia-based drill contractor Bullion Drilling will undertake the job, having worked with Barton late last year while the exploration firm was preparing its listing plans.
Barton said it is also aiming to conduct a high-resolution ground penetrating radar survey at Tarcoola in parallel with the Phase 1 drilling programme there.
The Tarcoola and Tunkillia projects currently provide Barton with a total attributable mineral resource of 1.1 million ounces JORC (2012), with additional exploration potential over 1,202 km2 of ground at Tarcoola. In addition, the company owns the only regional gold mill in the central Gawler Craton of South Australia.
“With Tarcoola and Tunkilla located only 70 km apart, and the benefit of established infrastructure in both locations, the company is well positioned to complete both programs as efficiently as possible,” said Barton’s managing director and CEO Alexander Scanlon.