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An announcement from Barton Gold Holdings Limited ( (AU:BGD) ) is now available.
Barton Gold Holdings has reported new high-grade assay results from the Challenger West open pit at its Challenger Gold Project in South Australia, with reverse circulation drilling confirming shallow mineralisation in the pit floor grading up to 60 grams per tonne of gold. These results follow earlier discoveries of high-grade zones in the adjacent Challenger Main pit walls and sit within a 313,000-ounce JORC resource located next to the company’s Central Gawler Mill.
The company says the shallow, on-pit mineralisation, regularly grading between 5 and 20 grams per tonne, could be accessed by simple excavation to supplement higher-grade tailings and other near-surface feed for the mill. Together with an ongoing Definitive Feasibility Study for a three- to four-year baseline operation, the assays support a low-risk pathway to restarting processing at Challenger and enhancing development options across Barton’s broader Central Gawler portfolio.
More about Barton Gold Holdings Limited
Barton Gold Holdings is an Australian gold exploration and development company focused on the Central Gawler Craton in South Australia. Its key assets include the fully permitted Central Gawler Mill and the Challenger Gold Project, where it is targeting near-term production from higher-grade tailings and shallow open-pit resources.
Average Trading Volume: 570,625
Technical Sentiment Signal: Buy
Current Market Cap: A$241.2M
Find detailed analytics on BGD stock on TipRanks’ Stock Analysis page.