Barton Gold Uncovers High-Grade Silver and Expands Gold Resources with Efficient Spending

April 30, 2025 01:00 PM AEST | By Team Kalkine Media

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Barton Gold Uncovers High-Grade Silver and Expands Gold Resources with Efficient Spending — Image source: Shutterstock

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Highlights

Barton Gold reports major silver discovery at Tarcoola

Tunkillia gold resource upgraded to 1.6Moz

Exploration progresses with minimal cash expenditure

Barton Gold (ASX:BGD) (OTCQB:BGDFF) has made significant progress across its South Australian gold and silver assets, with the March quarter marked by a resource upgrade at Tunkillia, a major silver discovery at Tarcoola, and ongoing efficiency gains, all achieved with a minimal net cash outflow of just $38,000.

Since its 2021 IPO, Barton has secured over $12 million in additional capital through asset monetisation and grants, reducing the need for equity funding and supporting long-term shareholder value.

At the Tunkillia project, Barton announced an updated gold resource estimate of 1.6 million ounces—an increase of approximately 120,000 ounces. In a first for the project, the company also defined an inferred silver resource of 3.1 million ounces at 2.8g/t, as part of its broader gold mineralisation. These results were supported by 5,064 metres of drilling targeting deeper extensions beneath the Area 223 deposit, particularly the higher-grade starter pit projected to yield over 180,000 ounces of gold at a competitive cost base.

Tunkillia’s ongoing scoping study, initiated in late 2024, has identified significant process improvements. Analysis has shown reduced energy requirements and enhanced milling efficiency, translating into potentially lower working capital needs. The company is accelerating this study ahead of its initial mid-year timeline, suggesting strong confidence in the project’s economic profile.

Meanwhile, the spotlight shifted to Tarcoola following the discovery of a new high-grade silver zone within the Tolmer prospect. This western silver zone lies approximately 1km from the known gold mineralisation and returned standout drilling results, including 6m at 4,474g/t silver and 1m at an extraordinary 17,600g/t silver. These assays rank among the highest globally and highlight the zone's exploration potential.

Follow-up drilling is now being prioritised to assess the lateral extensions of this silver discovery, alongside extensions of the eastern gold zone, which also delivered promising assays—such as 5m at 4.38g/t gold.

Barton’s quarterly spend of $1.65 million focused on advancing exploration, assays, and project studies, including testing of both silver and gold zones. With $7 million in cash, a $3.1 million half-year profit, and a $2.4 million R&D tax refund received, the company enters the next phase of development with strong financial footing.

These developments underscore Barton’s potential appeal within the broader context of ASX dividend stocks and resource-focused players on the ASX200, as it continues to grow its portfolio without significant cash depletion or dilution.

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