Impact: Positive
Barton Gold reported results from reverse circulation (RC) drilling at its 100%-owned Tunkillia Au project in South Australia. Assays were reported from 23 holes completed at the Southern 223 target, representing the southern extension of the 223 deposit. In our opinion, these are positive results, as they extend mineralization ~300m beyond the resource area. Combined with previous results from the northern end, this extends mineralization by a total of ~600m along strike, or ~30% of the existing resource footprint. We anticipate this will add meaningfully to an expanded MRE and brings Barton closer to its goal of delineating ~2M oz Au to feed its Central Gawler mill.