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Resource Upgrade Drilling Begins on Challenger Open Pits
Targeting Initial 'Stage 1' Ore Reserves and DFS by 30 June 2026 HIGHLIGHTS DFS underway following dual Challenger JORC (2012) Mineral Resources upgrades to 313koz Au[1] Up to 8,000m reverse circulation (RC) drilling to target Challenger 'Main', 'Challenger ...
About this update from Barton Gold Holdings Limited
[{"type":"text","content":"Targeting Initial 'Stage 1' Ore Reserves and DFS by 30 June 2026","length":72,"tagName":"p"},{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"DFS underway following dual Challenger JORC (2012) Mineral Resources upgrades to 313koz Au[1]","length":93,"tagName":"p"}]},{"val":[{"type":"text","content":"Up to 8,000m reverse circulation (RC) drilling to target Challenger 'Main', 'Challenger West' (CW) open pits, plus open pit targets at 'Challenger South-Southwest' (CSSW) and 'Challenger 3'1","length":222,"tagName":"p"}]},{"val":[{"type":"text","content":"DFS objective to establish viable, simplified 'baseline' Stage 1 operation to underwrite restart of CGM and maximise Challenger, Tarcoola, Wudinna & Tolmer development optionality","length":191,"tagName":"p"}]},{"val":[{"type":"text","content":"Discussions underway with credit, minerals trading, and other investment groups interested to finance Stage 1 operations; targeting JORC (2012) Ore Reserves and a DFS by 30 June 2026","length":182,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":688,"olType":false},{"type":"text","content":" ","length":10,"tagName":"p"},{"type":"text","content":"ADELAIDE, AU / ACCESS Newswire / February 1, 2026 / Barton Gold Holdings Limited (ASX:BGD)(OTCQB:BGDFF)(FRA:BGD3) (Barton or Company) is pleased to announce the start of JORC upgrade drilling at its South Australian Challenger Gold Project (Challenger), which is adjacent to its wholly-owned Central Gawler Mill (CGM). Kennedy Drilling has been engaged for the program.","length":369,"tagName":"p"},{"type":"text","content":"Up to 8,000m RC drilling will target conversion of easily accessible mineralisation on existing open pits and other near-surface targets to JORC (2012) ‘Indicated' categories, for the potential conversion of these materials to JORC (2012) Ore Reserves subject to the completion of an ongoing Definitive Feasibility Study (DFS).","length":331,"tagName":"p"},{"type":"text","content":"The design concept of the DFS is to commence an initial 3 - 4 year Stage 1 ‘baseline' operation utilising only historical higher-grade tailings from tailings storage facility 1 (TSF1) and limited, near-surface materials without disturbing Challenger's h...