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- Barton Gold (BGD) initiates the processing of its second parcel of December 2022 mill recovery materials from its Central Gawler mill in South Australia
- The first parcel was made up of ~3.8 dry tonnes of materials, while the latest parcel consists of up of ~4.5 wet tonnes of material
- Barton MD Alex Scanlon says he expects assay results for the second parcel by June 30
- In December last year, Barton recovered an estimated 10 tonnes of gold-bearing materials from its Central Grawler Mill during a preliminary review
- BGD shares are up 3.7 per cent and trading at 28 cents at 11:55 am AEST
Barton Gold (BGD) has initiated the processing of its second parcel of December 2022 mill recovery materials from its Central Gawler mill in South Australia.
In December last year, the company announced it recovered an estimated 10 tonnes of gold-bearing materials from the Mill during a preliminary review.
The first parcel was made up of ~3.8 dry tonnes of materials, returning an average grade of ~3000 grams per tonne (g/t) of gold. The parcel contained a metal value of ~375 ounces of gold, worth $1.1 million based on the current gold prices.
Meanwhile, the latest parcel consists of ~4.5 wet tonnes of material, which have been pre-screened for processing.
BGD Managing Director Alex Scanlon said he expected to have the results for the second parcel by June 30.
“With approximately 375 ounces of gold contained in concentrate from the first ~1/3 of the materials, we hope we can confirm a material increase in contained value for shareholders,” he said.
“We will share the assay results for this batch of materials as soon as they are available, and also expect the third and final batch of ~3 tonnes of material to be prepared in July.”
The company did announce that the results from the company’s first parcel were indicative only, and final recoveries may vary significantly based on metallurgical and other factors.
BGD shares were up 3.7 per cent and trading at 28 cents at 11:55 am AEST.
