Latest news with #BartonGold
News.com.au
17 hours ago
- Business
- News.com.au
The Right Postcode: Sipa shines a spotlight on South Australia's gold potential
WA may be Australia's home of gold, but South Australia has been flying under the radar Among SA's exciting explorers is Sipa Resources, which recently acquired the Nuckulla Hill and Tunkillia North assets bordering Barton Gold We chat to Sipa's managing director Andrew Muir about the opportunity Mergers and acquisitions in the metals and mining sector heavily favoured gold over base metals in 2024, and that trend has continued into 2025. The initial wave of M&A activity was driven by larger players. But junior resources companies are now stepping up, targeting project acquisitions to grow their portfolios and expand operational footprints in response to favourable market conditions and high gold prices. Recent examples include TG Metals (ASX:TG6) acquiring the Van Uden gold project in Western Australia, Minerals 260 (ASX:MI6) purchasing the Bullabulling Gold Project from Norton Goldfields, Auric Mining (ASX:AWJ) securing the Lindsay's Project in WA and Great Divide Mining (ASX:GDM) taking a 15% stake in Adelong Gold's Challenger mine as part of a restart strategy. Western Australia has attracted the lion's share of the attention as the source of 70% of Australia's world class gold production. But South Australia offers compelling exploration and development prospects that have largely gone unnoticed. Mineral-rich neighbourhood SIPA Resources (ASX:SRI) illustrates this point well, with its Nuckulla Hill gold asset adjacent to Barton Gold (ASX:BGD) 1.6Moz Tunkillia gold deposit in South Australia's Gawler Craton. The company marked its entry into the highly prospective post code last year when it secured a binding agreement to acquire full ownership of three projects from Gawler Craton Pty Ltd. It also owns two other gold projects in the vicinity, Skye and Tunkillia North, the latter of which borders Barton Gold's asset. Other major gold deposits in the region include Barton Gold's 1.2Moz Challenger mine, originally discovered by Dominion Mining in 1995. Nearby budding gold explorers include Indiana Resources (ASX:IDA) and their Minos deposit, which surrounds Sipa's Tunkillia North asset. Drilling and scoping study related activities are in the works at Minos, with Indiana looking to deliver a maiden resource at the asset sometime this year. At the start of the year, the project yielded bonanza-grade results of up to 44.9g/t and 45.9g/t gold, highlighting its strong potential for a viable mining operation. The current 27-hole for 6600m RC program is scheduled to continue until August 2025, targeting extensions to Minos in all directions. The Tunkillia North and Nuckulla Hill projects host multiple advanced and large-scale gold prospects, while Skye sits along strike from Barton Gold's Gold Bore resource, and less than 50km from high-grade intersections generated by Marmota (ASX:MEU) at Aurora Tank. While exploration is still in its early phases, evidence has emerged that the Yarlbrinda Shear Zone extends from Barton's Tunkillia deposit into Sipa's Nuckulla Hill landholding. Speaking with Stockhead, Sipa managing director Andrew Muir said the company is optimistic there is potential for a significant discovery on its ground. 'It's a very big, and pretty wide, shear zone which has had a lot of gold-rich fluids travel along it,' he said. Similar rocks and geology As Muir points out, Sipa holds ground covering ~40km of the same shear zone as Barton's Tunkillia with similar rock types. But compared to Barton's tenure it's remarkably underexplored. 'We have some early-stage drill hits, particularly at prospects like Bimba and Sheoak, that aren't too dissimilar to Barton's Tunkillia,' he added. 'We're excited to undertake our first drill program soon and hopefully find something of substance.' The Yarlbrinda Shear Zone is a major structure about 150km long and 12km wide and is analogous to the major Kalgoorlie Shear Zone in WA. Pending heritage and PEPR approvals, RC and aircore drill programs will begin at Nuckulla HIll over the coming weeks to follow up historically identified gold anomalism and mineralisation, as well as to test new areas to the north and south of Barton's Tunkillia gold deposit. Elsewhere in the district, Barton has recently launched a 2500m drilling program at its Tarcoola project, about 70km northwest of Tunkillia and within trucking distance of its processing plant, with a major focus on the new Tolmer 'silver zone' discovery. Recent assay results from the first seven discovery holes have placed among several 'global Top 10' rankings, highlighting a promising new commercial pathway for Barton Gold. Its actively working towards constructing a new processing plant, with their plan involving recommissioning the existing Central Gawler Mill to bring it into production by mid-2026 and then developing a second mill at the Tunkillia project. Unlocking synergies and scale Barton is at a more advanced stage than Sipa, having steadily increased the size of Tunkillia since its original discovery in the 90s. But if a meaningful discovery is made on Sipa's ground in the future, Muir said consolidation could offer several strategic benefits. 'Given Barton have a very large deposit just up the road and are already on the path of funding and building a processing plant, if we found something of reasonable size it would make sense to use the one central plant rather than build two processing plants,' he said. 'There's many synergies associated with that from an M&A perspective. If we find something big enough, we'd be keen to develop it ourselves, but it all depends on the drilling.'
Associated Press
4 days ago
- Business
- Associated Press
Completion of Tolmer High Grade Silver Zone Drilling
Planning Underway for Expedited Follow-up RC and Diamond Programs HIGHLIGHTS ADELAIDE, AUSTRALIA / ACCESS Newswire / June 15, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to confirm that expanded RC drilling has completed at its recent 'Tolmer' high grade silver discovery, located at the Company's South Australian Tarcoola Gold Project (Tarcoola).1 A total of 2,882m RC drilling was completed across 21 completed holes to an average depth of 137m. Samples are planned to depart site during the coming week, with the first multi-element assay results expected toward the end of July. Figure 1 - Tolmer 'western silver' & 'eastern gold' zones showing expanded silver drilling program Commenting on the Tolmer drilling program, Barton Managing Director Alexander Scanlon said: 'We look forward to sharing the assay results for this latest round of Tolmer drilling. The western 'silver zone' is an exciting target, and we are already planning near-term follow up diamond and RC drilling programs. My thanks to the excellent Barton team, and our drilling partners, for the safe execution of this extended program.' Program background Barton identified Tolmer as a high-grade gold discovery in August 2024, and subsequently identified a new 'silver zone' ~500m west in a line of seven discovery holes with globally significant assays including:[2] On 22 May Barton commenced a planned program of ~2,500m RC drilling which was designed to infill and extend both the western 'silver zone' and the eastern 'gold zone'.[3] Based upon further geological surface reconnaissance and early observations from drilling, it was decided to expand the 'silver zone' drilling program to gather a larger amount of data on this area with the remaining time available in this program.[4] Seven drill holes originally planned for the eastern 'gold zone' were re-allocated to eight new drill holes in the western 'silver zone', expanding the planned drilling from three to five lines of RC holes. The total Tolmer drilling program was expanded from a planned ~2,500m to a revised final total of 2,882m. Samples will shortly be despatched for expedited laboratory analysis, with the first multi-element assay results expected to be received toward the end of July. Barton has already commenced planning for follow up programs, including diamond drilling for structural orientation and further extensional RC drilling. Figure 2 - Tolmer 'silver zone' cross-section (see Fig. 2) with anomalous Ag-Pb and key intersections 4 Authorised by the Managing Director of Barton Gold Holdings Limited. [1] Refer to ASX announcement dated 10 June 2025 [2] Refer to ASX announcements dated 27 August 2024 and 30 January, 6 February, 27 March, 16 April and 22 May 2025 [3] Refer to ASX announcement dated 22 May 2025 [4] Refer to ASX announcement dated 10 June 2025 For further information, please contact: About Barton Gold Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 1.7Moz Au & 3.1Moz Ag JORC Mineral Resources (64.0Mt @ 0.83 g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia. 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). The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at or on the ASX website The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements. Cautionary Statement Regarding Forward-Looking Information This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'expect', 'target' and 'intend' and statements than an event or result 'may', 'will', 'should', 'would', 'could', or 'might' occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. * Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 4 March 2025. Total Barton JORC (2012) Mineral Resources include 909koz Au (30.8Mt @ 0.92 g/t Au) in Indicated category and 799koz Au (33.2Mt @ 0.75 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources. SOURCE: Barton Gold Holdings Limited Related Images press release
Yahoo
4 days ago
- Business
- Yahoo
Completion of Tolmer High Grade Silver Zone Drilling
Planning Underway for Expedited Follow-up RC and Diamond Programs HIGHLIGHTS 2,882m reverse circulation (RC) drilling completed at Tolmer high-grade silver discovery; recent expansion from 13 to 21 holes based upon early drilling program observations[1] Program expanded in all directions with two additional lines to north and south ADELAIDE, AUSTRALIA / / June 15, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to confirm that expanded RC drilling has completed at its recent 'Tolmer' high grade silver discovery, located at the Company's South Australian Tarcoola Gold Project (Tarcoola).1 A total of 2,882m RC drilling was completed across 21 completed holes to an average depth of 137m. Samples are planned to depart site during the coming week, with the first multi-element assay results expected toward the end of July. Figure 1 - Tolmer 'western silver' & 'eastern gold' zones showing expanded silver drilling program Commenting on the Tolmer drilling program, Barton Managing Director Alexander Scanlon said: "We look forward to sharing the assay results for this latest round of Tolmer drilling. The western 'silver zone' is an exciting target, and we are already planning near-term follow up diamond and RC drilling programs. My thanks to the excellent Barton team, and our drilling partners, for the safe execution of this extended program." Program background Barton identified Tolmer as a high-grade gold discovery in August 2024, and subsequently identified a new 'silver zone' ~500m west in a line of seven discovery holes with globally significant assays including:[2] Hole ID Interval Including: TBAC130 6m @ 4,747 g/t Ag from 46 metres 1m @ 17,600 g/t Ag from 46 metres TBM227 4m @ 1,417 g/t Ag from 9 metres 1m @ 3,790 g/t Ag from 9 metres TBM228 14m @ 434 g/t Ag from 46 metres 1m @ 3,350 g/t Ag from 54 metres On 22 May Barton commenced a planned program of ~2,500m RC drilling which was designed to infill and extend both the western 'silver zone' and the eastern 'gold zone'.[3] Based upon further geological surface reconnaissance and early observations from drilling, it was decided to expand the 'silver zone' drilling program to gather a larger amount of data on this area with the remaining time available in this program.[4] Seven drill holes originally planned for the eastern 'gold zone' were re-allocated to eight new drill holes in the western 'silver zone', expanding the planned drilling from three to five lines of RC holes. The total Tolmer drilling program was expanded from a planned ~2,500m to a revised final total of 2,882m. Samples will shortly be despatched for expedited laboratory analysis, with the first multi-element assay results expected to be received toward the end of July. Barton has already commenced planning for follow up programs, including diamond drilling for structural orientation and further extensional RC drilling. Figure 2 - Tolmer 'silver zone' cross-section (see Fig. 2) with anomalous Ag-Pb and key intersections 4 Authorised by the Managing Director of Barton Gold Holdings Limited. [1] Refer to ASX announcement dated 10 June 2025 [2] Refer to ASX announcements dated 27 August 2024 and 30 January, 6 February, 27 March, 16 April and 22 May 2025 [3] Refer to ASX announcement dated 22 May 2025 [4] Refer to ASX announcement dated 10 June 2025 For further information, please contact: Alexander ScanlonManaging 425 226 649 Jade CookCompany Secretarycosec@ 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 150,000ozpa with 1.7Moz Au & 3.1Moz Ag JORC Mineral Resources (64.0Mt @ 0.83 g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia. Tarcoola Gold Project Fully permitted open pit mine with ~20koz Au within trucking distance of Barton's Central Gawler Mill Historical goldfield with new high-grade gold-silver discovery in grades up to 83.6 g/t Au and 17,600 g/t Ag Tunkillia Gold Project 1.6Moz Au & 3.1Moz Ag JORC Mineral Resources Optimised Scoping Study for competitive ~120kozpa gold and ~250kozpa silver bulk open pit operation Key Regional Infrastructure Region's only gold processing plant (650ktpa CIP) Multiple camps / accommodation across projects 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). Activity Competent Person Membership Status Tarcoola Mineral Resource (Stockpiles) Dr Andrew Fowler (Consultant) AusIMM Member Tarcoola Mineral Resource (Perseverance Mine) Mr Ian Taylor (Consultant) AusIMM Fellow Tarcoola Exploration Results (until 15 Nov 2021) Mr Colin Skidmore (Consultant) AIG Member Tarcoola Exploration Results (after 15 Nov 2021) Mr Marc Twining (Employee) AusIMM Member Tunkillia Exploration Results (until 15 Nov 2021) Mr Colin Skidmore (Consultant) AIG Member Tunkillia Exploration Results (after 15 Nov 2021) Mr Marc Twining (Employee) AusIMM Member Tunkillia Mineral Resource Mr Ian Taylor (Consultant) AusIMM Fellow Challenger Mineral Resource Mr Dale Sims (Consultant) AusIMM / AIG Fellow / Member The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at or on the ASX website The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements. Cautionary Statement Regarding Forward-Looking Information This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "expect", "target" and "intend" and statements than an event or result "may", "will", "should", "would", "could", or "might" occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. * Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 4 March 2025. Total Barton JORC (2012) Mineral Resources include 909koz Au (30.8Mt @ 0.92 g/t Au) in Indicated category and 799koz Au (33.2Mt @ 0.75 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources. SOURCE: Barton Gold Holdings Limited View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Drilling Begins on High-Grade Gold & Silver Targets
ADELAIDE, AUSTRALIA / / May 21, 2025 / Barton Gold Holdings Limited (ASX:BGD) (Barton or the Company) advises that the attached announcement has been released to the market. A copy of this announcement can be accessed on the ASX website, the investor section of Barton's website, or directly by clicking here. Authorised by the Managing Director of Barton Gold Holdings Limited. For further information, please contact: Alexander ScanlonManaging 425 226 649 Jade CookCompany Secretarycosec@ 8 9322 1587 About Barton GoldBarton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 1.7Moz Au & 3.1Moz Ag JORC Mineral Resources (64.0Mt @ 0.83 g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia.* Competent Persons Statement & Previously Reported InformationThe 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). Activity Competent Person Membership Status Tarcoola Mineral Resource (Stockpiles) Dr Andrew Fowler (Consultant) AusIMM Member Tarcoola Mineral Resource (Perseverance Mine) Mr Ian Taylor (Consultant) AusIMM Fellow Tarcoola Exploration Results (until 15 Nov 2021) Mr Colin Skidmore (Consultant) AIG Member Tarcoola Exploration Results (after 15 Nov 2021) Mr Marc Twining (Employee) AusIMM Member Tunkillia Exploration Results (until 15 Nov 2021) Mr Colin Skidmore (Consultant) AIG Member Tunkillia Exploration Results (after 15 Nov 2021) Mr Marc Twining (Employee) AusIMM Member Tunkillia Mineral Resource Mr Ian Taylor (Consultant) AusIMM Fellow Challenger Mineral Resource Mr Dale Sims (Consultant) AusIMM / AIG Fellow / Member The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at or on the ASX website The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements. Cautionary Statement Regarding Forward-Looking InformationThis document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "expect", "target" and "intend" and statements than an event or result "may", "will", "should", "would", "could", or "might" occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. * Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 4 March 2025. Total Barton JORC (2012) Mineral Resources include 909koz Au (30.8Mt @ 0.92 g/t Au) in Indicated category and 799koz Au (33.2Mt @ 0.75 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources. SOURCE: Barton Gold Holdings Limited View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Sydney Morning Herald
15-05-2025
- Business
- Sydney Morning Herald
Marmota unveils bonanza gold at newest Gawler project
Marmota Limited has dropped a flurry of near surface bonanza gold intervals from its Greenewood deposit in South Australia following a review of the deposit which remains untouched since 2018. The company says its high-grade Greenewood play is one of seven in the sprawling Gawler Craton gold hub crown in South Australia. Located just 35km northwest of the company's flagship Aurora Tank project, Greenewood is shaping up as an underexplored ounce booster, boasting numerous bonanza-grade intercepts from a little over 8000 metres of near surface drilling. Marmota's internal review at Greenewood was spearheaded by renowned geologist Dr. Kevin Wills—credited with discovering the nearby Challenger gold mine that is now owned by ASX-listed Barton Gold. The review pointed to Greenewood as a vastly underexplored asset with near-surface, high-grade gold with serious potential for a low-cost open-pit mining. Greenewood has already delivered a string of eye-catching 1m intervals from just 8245m of RC and other drilling. Standout results include intervals as high as 53 grams per tonne (g/t) gold from just 30m, another bonanza 37g/t assay from 48m and several +20g/t intervals all from depths of no more than 41m. Marmota says its near-surface hits are screaming for resource definition and follow-up expansion drilling considering just how little testing Greenewood has seen. By contrast, Marmota's flagship Aurora Tank project nearby has seen more than 70,000m of RC drilling, while Greenewood's meager 7,000m of RC in particular suggests its potential is only just starting to be uncovered. The company says the deposit's 500m of strike remains open in all directions, setting the stage for significant potential resource definition. The company says it is now finalising drilling programs to grow Greenewood. Greenewood sits within Marmota's massive 10,000-square-kilometer Gawler hub, forming part of the 'Arc of Six' gold deposits along a regional gravity anomaly alongside the company's Aurora Tank, Mainwood, Campfire Bore, Golf Bore and Barton's Challenger deposit. Marmota holds all five of the unmined deposits in the region, cementing its foothold in a gold-rich area overlooked for production potential.
