Barton Gold (ASX: $BGD) announces significant increase in Tunkillia gold resource

Barton Gold Holdings Limited (ASX: $BGD) has reported a substantial increase in the JORC Mineral Resources Estimate (MRE) for the Tunkillia Gold Project. The estimate has grown to 1.5 million ounces of gold, with a new 115,216 ounces at the Area 51 Deposit. The company's exploration efforts have resulted in the addition of approximately 530,000 ounces of gold over the past 12 months, with around 55% classified in the 'Indicated' category.

Executive Commentary on Tunkillia Gold Project

Barton's Managing Director, Alex Scanlon, expressed satisfaction with the significant growth in Tunkillia's JORC Mineral Resources. He highlighted the addition of 530,000 ounces of gold through systematic and cost-efficient identification and conversion of new zones. Scanlon emphasized the critical mass provided by the updated 1.5Moz Au Resource, enabling the modeling of baseline economic analyses and the pursuit of neighboring high-grade targets like Tunkillia's Area 191 and Tarcoola. These targets have the potential to enhance overall project economics and support Stage 1 development leveraging the existing mill.

Summary of Barton Gold's Tunkillia Gold Project Announcement

Barton Gold (ASX: $BGD) has achieved a significant milestone with the Tunkillia Gold Project's JORC Mineral Resources Estimate growing to 1.5 million ounces of gold. The company's focus on high-grade neighboring targets at Tunkillia and Tarcoola indicates a strategic approach to enhancing project economics. The addition of approximately 530,000 ounces of gold over the past 12 months demonstrates Barton's commitment to efficient resource identification and conversion. The company's exploration efforts and the establishment of a new 115,216 ounces at the Area 51 Deposit reflect its dedication to continued growth and development. Barton's ambitions and goals are evident in its pursuit of neighboring high-grade targets, signaling a positive outlook for the company's corporate strategy and the Tunkillia Gold Project.