Barton Gold Completes 5,064m Drilling at Tunkillia Project

Barton Gold Holdings Limited has completed a 5,064m reverse circulation drilling program at the Tunkillia Gold Project. This initiative aims to expand the JORC Mineral Resources Estimate (MRE) and support an Optimised Scoping Study.

In recent months, Tunkillia's JORC MRE reached 1.5Moz Au. The project's Initial Scoping Study suggested a gold production rate of approximately 130koz annually, with an all-in sustaining cost of A$1,917/oz. The project shows a 40% equity internal rate of return and a payback period of 1.9 years.

Barton targets growth in the MRE and seeks to enhance project economics by optimizing key cost factors. The company plans to finalize the Optimised Scoping Study soon, considering options for its initial Stage 1 operation.