Barton Gold Receives $380,000 ADI Grant Disbursement

In This Article:

ADELAIDE, AUSTRALIA / ACCESSWIRE / December 10, 2024 /

Fig 1 - Tarcoola Goldfield interpreted 3D architecture with recent test drilling results1

Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to confirm that it has received a $380,000 grant funding disbursement for research and development (R&D) work programmes recently undertaken at its South Australian Tarcoola Gold Project (Tarcoola).

During 2022 Barton was awarded up to $595,000 under the South Australian Government's Accelerated Discovery Initiative (ADI) for an approved program of works in the historical Tarcoola Goldfield including ground penetrating radar (GPR), seismic surveys, and validation drilling of theorised models generated.2

Barton has planned and undertaken these works during the fiscal years 2023 and 2024, with a newly interpreted regional structural model for the Tarcoola Goldfield (which hosts Barton's open pit Perseverance Mine) published during November 2023 and, subsequently, the identification of the new Tolmer Gold System in high-grade gold assays returned from conceptual test drilling during early 2024.1

Commenting on the receipt of ADI grant program funds, Barton MD Alexander Scanlon said:

"We are grateful to have received such support from the South Australian Government in our mission to unlock the regional structural context of the Tarcoola Goldfield. These programs, while relatively small in nature, are a critically valuable tool in supporting the efforts of small companies leading higher-risk exploration initiatives. The Tolmer discovery is a prime example of the potential to significantly accelerate regional development."

1 Refer to ASX announcements dated 28 November 2023 and 27 August 2024
2 Refer to ASX announcement dated 15 June 2022

Authorised by the Board of Directors of Barton Gold Holdings Limited.

For further information, please contact:

Alexander Scanlon
Managing Director
a.scanlon@bartongold.com.au
+61 425 226 649

Jade Cook
Company Secretary
cosec@bartongold.com.au
+61 8 9322 1587


About Barton Gold

Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000oz annually, with ~1.6Moz Au JORC Mineral Resources (52.3Mt @ 0.94 g/t Au), multiple advanced exploration projects and brownfield mines, and 100% ownership of the only regional gold mill in the renowned central Gawler Craton of South Australia.*

Tarcoola Gold Project

Tunkillia Gold Project *

Infrastructure

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Competent Persons Statement & Previously Reported Information

The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC).


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