Tunkillia JORC Resources Grow Another 20% to 1.38 Million oz

Barton Gold Holdings Limited (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) has announced an updated JORC Mineral Resources Estimate (MRE) for the Tunkillia Gold Project. The total Tunkillia Mineral Resources have increased by 224,000 oz, now totaling 1.38 million oz at an estimated cost of AUD $16 per ounce.

The updated MRE includes extensions to the 223 Deposit, a new southern gold zone, and the conversion of Area 223 North to JORC classification. Of the total resources, 58% are classified as 'Indicated' and about 80% of the resource tonnes and ounces are within 200 meters of the surface.

Barton has added 413,000 oz of gold in 2023 alone, at an average cost of AUD $14 per ounce. The latest results validate the company's exploration strategy for Tunkillia, with further assays from Areas 51, 191, and SE Offset expected in early 2024.