Quarterly Activities Report
| Stock | Barton Gold Holdings Ltd (BGD.ASX) |
|---|---|
| Release Time | 27 Apr 2026, 8:54 a.m. |
| Price Sensitive | Yes |
Barton Gold Quarterly Activities Report
- Completed 8,065m RC & 1,322m DD drilling for Challenger DFS
- Received high-grade assays up to 170g/t Au at Challenger
- Underway with 30,000m RC & 3,000m DD drilling at Tunkillia
- Planning follow-up drilling at Tolmer silver discovery
Barton Gold has completed 8,065m of reverse circulation (RC) and 1,322m of diamond drilling (DD) at its Challenger Gold Project to support a definitive feasibility study (DFS). The drilling has identified new high-grade mineralisation up to 170g/t Au in the Challenger 'Main' pit walls, as well as confirming shallow, high-grade mineralisation up to 60g/t Au in the Challenger West pit floor. The company has also completed a high-resolution gravity survey over the northern portion of its Challenger tenements, targeting potential near-mine repeats of the high-grade quartz vein lodes. At the Tunkillia Gold Project, Barton has commenced a ~30,000m Phase 2 RC drilling program following successful Phase 1 drilling that returned broad, high-grade intersections. A ~3,000m DD program is also underway to support resource upgrades, ore reserves conversion and a pre-feasibility study. Additionally, Barton is planning follow-up drilling at its Tolmer silver discovery, where recent drilling and soil sampling have indicated growth potential around the 2025 discovery hole of 6m @ 4,747g/t Ag from 46m. The company is well-funded with $13.3 million in cash and no debt, and has also received a $520,000 R&D tax refund and distributed $640,000 in JMEI tax credits to eligible investors.
Barton is targeting an initial 3 - 4 year 'Stage 1' baseline operation at its Challenger Gold Project, utilising only historical higher-grade tailings and limited, near-surface materials without disturbing the high-grade underground mine, mineralisation or infrastructure.