Tolmer Drilling Yields 83.6 g/t Gold and 312 g/t Silver in 2,230m Campaign

Follow-Up Drilling Delivers Strong Results

Barton Gold Holdings Limited (ASX: BGD) has announced the completion of a significant 2,230-metre reverse circulation (RC) drilling program at its Tolmer prospect, part of the broader Tarcoola Gold Project in South Australia. The drilling, conducted between May and July 2024, was designed to test strike extensions of high-grade quartz sulphide veining identified in earlier campaigns.

The results have been encouraging, with standout assays including a 4-metre intercept grading 24.6 grams per tonne (g/t) gold and 82.8 g/t silver from 95 metres depth. Within this interval, a particularly rich 1-metre section returned 83.6 g/t gold and 312 g/t silver, accompanied by notable lead and zinc values. These grades underscore the prospect’s potential to host economically significant mineralisation.

Silver Potential Emerges Alongside Gold

While Barton Gold has historically focused on gold, the recent drilling has highlighted the presence of high-grade silver mineralisation alongside gold. Managing Director Alexander Scanlon expressed optimism about the evolving understanding of the deposit, noting the excitement around the silver assays and anticipation for further results from the November 2024 aircore drilling program, which covered approximately 2,000 metres but awaits silver assay completion.

This dual-metal potential could enhance the project’s economics, providing a valuable by-product credit that may improve overall project viability. The presence of significant base metals such as lead and zinc in the high-grade intercepts also suggests a complex mineral system worthy of further investigation.

Strategic Importance of the Tarcoola Gold Project

The Tolmer prospect sits within the Tarcoola Gold Project, an under-explored brownfield asset with existing open-pit mines and proximity to Barton’s regional processing infrastructure. The project boasts approximately 1.6 million ounces of JORC-compliant gold resources and a 650,000 tonnes per annum CIP processing plant, positioning Barton Gold well for advancing towards production targets.

With the recent drilling results, Barton is reinforcing the prospectivity of Tarcoola, which could see resource upgrades and expanded mine life if further drilling confirms continuity and scale. The company’s strategy to leverage existing infrastructure while exploring high-grade zones aligns with market expectations for cost-effective resource development.

Looking Ahead: Assays and Exploration Plans

While the recent RC drilling results are promising, the market awaits the completion of outstanding silver assays from the November 2024 aircore program. These results will be critical in defining the full extent of mineralisation and guiding future drilling campaigns. Barton’s methodical approach to follow-up drilling and resource delineation suggests a disciplined pathway to unlocking value at Tolmer.

Investors and analysts will be watching closely for updates, as the combination of high-grade gold and silver could significantly enhance the project’s attractiveness and Barton Gold’s valuation. The company’s ability to convert exploration success into tangible resource growth remains a key focus.