Barton Gold Holdings Limited (BGDFF) Tunkillia JORC Resources Grow Another 20% to 1.38 Million oz

Barton Gold Holdings Limited (ASX:BGD) (FRA:BGD3) (OTCMKTS:BGDFF) is pleased to announce an updated JORC Mineral Resources Estimate (MRE) for the Tunkillia Gold Project (Tunkillia).

Approximately 15,200m of drilling has added ~224,000 oz Au in the cornerstone 223 Deposit and the 223 North satellite gold zone for an estimated 'all in' cost of ~A$16 / new ounce. Total Tunkillia Mineral Resources are now 1.38Moz Au (46.3Mt @ 0.93 g/t Au), with ~58% classified in the 'Indicated' category.

Commenting on the latest Tunkillia JORC Resources update, Barton MD Alex Scanlon said:

"This is the second time that Barton has grown the Tunkillia Project's JORC Resources during 2023, with a total of 413,000 ounces of gold added at an exceptionally low 'all in' cost of only A$14 per ounce. These results continue to validate the Company's exploration thesis for Tunkillia, with its mineral footprint rapidly expanding. "We look forward to sharing another ~8,000m of assays from target Areas 51, 191 and SE Offset in early 2024."

HIGHLIGHTS

- Tunkillia JORC Mineral Resources increase to 1.38 million oz (46.3Mt @ 0.93 g/t Au), with 224,000 oz Au added for an 'all in' cost of only AUD ~$16 / oz

- Attractive characteristics:

o 794koz Au of Tunkillia Project Resources are classified in the JORC 'Indicated' category (~58%)

o 277koz Au in shallow supergene zone starting from ~35m depth

o ~80% of Resource tonnes and ounces are within 200m of surface; and

o 300m long higher-grade zone located in the centre of the 223 Deposit

- Upgraded Tunkillia MRE includes:

o 223 Deposit extensions, a new southern gold zone, and 'Area 223 North' converted to MRE

o +22% total tonnes (+8.3Mt) and +20% total Au metal (+224koz)

o +80% Resource strike (from ~2km to ~3.5km)

- Conservatively modeled with a production mentality; tight grade capping and internal dilution targeting efficient, bulk open pit operations and strong metal reconciliation

- Near-term exploration upside, with Area 51, Area 191, and SE Offset assays pending

- Barton total JORC Mineral Resources increase to 1.46 million oz (47.2Mt @ 1.0 g/t Au), with 413,000 oz Au added during 2023 for an average 'all in' cost of only AUD $14 / oz

To view the Resource Upgrade Presentation, please visit:
https://www.abnnewswire.net/lnk/6F3K8004

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

Shannon Coates
Company Secretary
E: cosec@bartongold.com.au
T: +61 8 9322 1587

News Provided by ABN Newswire