Barton Gold Stock Price, News & Analysis

Barton Gold Holdings (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) announced high-grade assay results from its drilling activities at the Perseverance open pit mine in the Tarcoola Goldfield, Australia. Over 26 reverse circulation (RC) drill holes and 3 diamond drill (DD) holes were completed, revealing multiple shallow high-grade extensions and new structures. Specifically, shallow intersections up to ~12 g/t Au were discovered, with notable intercepts including 12m @ 1.67 g/t Au from 12m depth and 6m @ 11.9 g/t Au from 20m depth. The ongoing 7,000m RC drill program aims to explore additional high-priority targets across the Tarcoola Goldfield. Managing Director Alex Scanlon highlighted the success in connecting deeper mineralization with existing pit floor structures, which is a positive development toward potential 'Stage 1' operations. The new findings provide valuable geological context and continuity of mineralized zones, enhancing the potential for future mining operations.

Barton Gold Holdings announced seismic survey results from the Tarcoola Gold Project in Australia. The survey, conducted in August 2023, mapped new and untested structures in the Tarcoola Goldfield, revealing deeper sub-vertical structures associated with gold mineralisation. This is the first detailed architectural analysis since the goldfield's discovery 130 years ago. The company plans to drill test key exploration targets in early 2024. Historical data reprocessing in 2020 confirmed the Perseverance Fault's location, which controls mineralisation at the Perseverance Mine, operational in 2017-2018 with an average ore grade of 3.8 g/t Au.

Barton Gold Holdings has secured DTCC approval for real-time electronic trading and settlement of its OTCQB shares (BGDFF) in the USA. This enables BGDFF shares to be traded by a wide range of US full-service and online brokers. The approval significantly reduces counterparty and custodial risks for market participants. Barton's MD, Alex Scanlon, noted the increased international participation in their share register and the convenience this provides to North American investors interested in Barton shares. The move enhances Barton's engagement with North American investors, allowing trading in US dollars during North American market hours.

Barton Gold Holdings (ASX:BGD) announced an independent valuation report for its Central Gawler Mill in Adelaide, Australia. The mill, important for Barton's future Stage 1 operations, has been valued at over $100 million in replacement value, and over $50 million in indemnity value. Key equipment has been preserved to aid in future recommissioning. Barton MD, Alex Scanlon, highlighted the mill's strategic value in supporting regional gold mineralization development, potentially through third-party toll milling or accelerated operations. The mill's full permits and licenses are seen as advantageous for low-risk, cost-efficient operations that could generate early cash flow for long-term projects.

Barton Gold Holdings has entered an exclusive R&D partnership with SensOre to develop and trial Discriminant Predictive Targeting (DPT) for gold and copper mineralization over 60,000km2 in the central Gawler Craton, South Australia. This follows a successful Phase 1 analysis that identified multiple new gold and copper targets on Barton's tenements. Phase 2 will focus on further development and in-field testing of the DPT module. Barton has contributed $45,000 to Phase 1 and will invest up to $350,000 in Phase 2. The agreement grants Barton ten years of exclusive use of the South Australian DPT module for gold and copper within the specified area while SensOre will receive royalties based on future production.

Barton Gold Holdings has sold ~165 ounces of gold for ~$490,000 at a price of AUD $2,977.35 per ounce. This sale represents the remaining gold from a June 2022 sale. Additionally, Barton has recovered over 10 tonnes of gold-bearing materials from the Central Gawler Mill, expected to generate further revenue. The company has generated over AUD $5 million in non-dilutive cash since its June 2022 IPO and plans to continue monetizing assets to bolster its treasury and prepare for future operations.

Barton Gold (ASX: BGD) (OTCQB: BGDFF) will be participating in the 121 Mining Investment Conference in London, with MD & CEO Alexander Scanlon presenting the Company's recent and future activities. The event will host over 100 mining companies and 400 investors for targeted meetings, offering market intelligence on industry developments. The conference is scheduled for May 15-16, 2024.