High Grade Assays Indicate Growth for Tunkillia Area 51
| Stock | Barton Gold Holdings Ltd (BGD.ASX) |
|---|---|
| Release Time | 27 May 2026, 8:47 a.m. |
| Price Sensitive | Yes |
High Grade Assays Indicate Growth for Tunkillia Area 51
- ~30,000m Tunkillia 'Phase 2' RC Resource upgrade drilling underway
- Highest-grade assays from Area 51 indicate potential for growth
- Broadest, highest-grade assays come from north/south ends of open pit
- Barton targeting completion of a PFS before end of 2026
Barton Gold Holdings Limited announced high-grade assay results from its Tunkillia Gold Project's Area 51, indicating potential for resource growth and open pit extensions. The assays, part of the ongoing 'Phase 2' upgrade drilling, show higher-grade mineralisation than anticipated, particularly at the north and south ends of the currently modelled open pit. These results suggest potential for significant extensions of higher-value mineralisation, which could lead to increased resource estimates and longer mine life. Barton is targeting the completion of a Pre-Feasibility Study (PFS) before the end of 2026 to support a Mining Lease application and expedite project finance discussions.
Barton Gold Holdings Ltd is targeting completion of a Pre-Feasibility Study (PFS) before the end of calendar year 2026
Barton Gold Holdings Ltd is optimistic about the potential for growth in resources and mine life at Tunkillia's Area 51, based on the high-grade assay results. The company plans to expedite project finance discussions and prepare a Mining Lease application following the PFS.