Further Shallow High-Grade Assays Infill Tunkillia S1/2 Pits
Accessnewswire·2026-01-20 22:35

Core Insights - Barton Gold Holdings Limited has announced final Phase 1 upgrade drilling assays from its Tunkillia Gold Project, revealing shallow, high-grade gold intersections that may lead to a reinterpretation of mineralized zones [1][3]. Drilling Results - Significant drilling results include: - Hole TKB0278: 17m @ 2.70 g/t Au from 62 metres, with 2m @ 9.65 g/t Au [1] - Hole TKB0390: 20m @ 2.72 g/t Au from 44 metres, with 3m @ 9.33 g/t Au [1] - Hole TKB0393: 9m @ 4.54 g/t Au from 56 metres, with notable intersections of 1m @ 25.2 g/t Au and 1m @ 15.4 g/t Au [1] - Hole TKB0422: 22m @ 3.17 g/t Au from 156 metres, including 5m @ 11.5 g/t Au [1] - Hole TKB0434: 22m @ 2.58 g/t Au from 68 metres, with 3m @ 9.20 g/t Au [1] - Hole TKB0435: 38m @ 1.54 g/t Au from 127 metres, including 5m @ 5.40 g/t Au [1] Project Development - The company plans to initiate development drilling programs in late January 2026, which will include water bore drilling, Phase 2 upgrade drilling, and metallurgical/geotechnical diamond drilling [1][4]. - The Tunkillia project is modeled to generate $1.3 billion in free cash flow during the first 2.5 years of operations, based on gold prices of A$5,000 and silver prices of A$50 [3][6]. Future Plans - Barton Gold anticipates a busy year ahead, targeting JORC Mineral Resource upgrades, a Pre-Feasibility Study (PFS), and a Mining Lease application by the end of 2026 [4]. Company Overview - Barton Gold is an Australian gold developer listed on ASX, OTCQB, and Frankfurt Stock Exchange, with a target production of 150,000 ounces per annum and JORC Mineral Resources of 2.2 million ounces of gold and 3.1 million ounces of silver [8].

Further Shallow High-Grade Assays Infill Tunkillia S1/2 Pits - Reportify