Barton gold receives $380,000 adi grant disbursement

Adelaide, australia / accesswire / december 10, 2024 / fig 1 - tarcoola goldfield interpreted 3d architecture with recent test drilling results1 barton gold holdings limited (asx:bgd)(fra:bgd3)(otcqb:bgdff) (barton or company) is pleased to confirm that it has received a $380,000 grant funding disbursement for research and development (r&d) work programmes recently undertaken at its south australian tarcoola gold project (tarcoola). during 2022 barton was awarded up to $595,000 under the south australian government's accelerated discovery initiative (adi) for an approved program of works in the historical tarcoola goldfield including ground penetrating radar (gpr), seismic surveys, and validation drilling of theorised models generated.2 barton has planned and undertaken these works during the fiscal years 2023 and 2024, with a newly interpreted regional structural model for the tarcoola goldfield (which hosts barton's open pit perseverance mine) published during november 2023 and, subsequently, the identification of the new tolmer gold system in high-grade gold assays returned from conceptual test drilling during early 2024.1 commenting on the receipt of adi grant program funds, barton md alexander scanlon said: "we are grateful to have received such support from the south australian government in our mission to unlock the regional structural context of the tarcoola goldfield.
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