Barton Gold has locked away a permit-wide heritage agreement allowing the company to chase after gold in its ‘game-changing’ channel prospect, covering a 3.5-kilometre strike length of the Tarcoola Ranges in South Australia. The mega-rich Gawler Craton mineral field contains numerous geological, geophysical and geochemical targets with multiple historical, high-grade gold workings including Barton’s own Perseverance open pit.
Its technical team have been working flat out over many months on the identification of a significant target channel, originally identified from new ultra-high-resolution geophysics data which was then cross-referenced with multiple other data geoscientific data sets.
The company has now executed a Native Title Mining Agreement, or “NTMA” with the Antakirinja Matu-Yankunytjatjara Aboriginal Corporation, or “AMYAC” in respect of the exploration ground covering much of its Tarcoola Channel gold play.
Barton Gold already had an NTMA covering the mining lease surrounding its Perseverance pit and the new cooperation agreement now extends across the entire Tarcoola project’s footprint.
Barton Gold Managing Director, Alexander Scanlon said: “The Company has worked diligently to advance multiple value-add workstreams for the Tarcoola Project and we are very pleased to execute this new NTMA with AMYAC. We have worked together closely and with great mutual professionalism during the past 15 months, and we look forward to learning more about the heritage and traditions of these beautiful lands as we further the development of our long-term relationship.”
Barton has also deployed some two-dimensional seismic modelling across the exploration area around 10km west of the Perseverance pit’s mining lease. The company has lit up several crustal-scale fault structures with multiple shear zones which it says has a number of similarities to the Perseverance Shear.
It is now poised to chase down the targets that it hopes will turn into ‘Perseverance repeats’ as Barton calls them. If the artisanal workings, recovering better than 30 g/t gold as far back as the 1920s are anything to go by, Barton could be onto a potential winner.
With a public listing looming fast on the horizon, drill rods kicking up dust, and a growing number of enticing targets on its radar, Barton Gold is – understandably - attracting a fair amount of interest.
Is your ASX listed company doing something interesting? Contact: matt.birney@businessnews.com.au
