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9 stories mentioning ASX:BGD

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Asia

Barton Gold Completes Follow-Up Drilling at South Australia Silver Discovery; Shares Fall 3%

Barton Gold Holdings (ASX:BGD) completed 3,677 meters of expedited follow-up reverse circulation drilling at its Tolmer silver discovery, located at its South Australian Tarcoola gold project, according to a Thursday Australian bourse filing.Drilling across 33 holes was targeted to infill the high-grade zone on a different orientation, test continuity as well as a potential new interpretation of local geological controls, and to test potential extensions of this mineralization, the filing said.The company's shares declined nearly 3% in recent trading on Thursday.

ASX:BGD
Asia

Barton Gold Holdings Completes AU$26 Million Share Placement

Barton Gold Holdings (ASX:BGD) completed a placement to institutional investors, raising a gross AU$25.9 million through the issuance of about 30.5 million new shares at a price of AU$0.85 each, according to a Wednesday filing with the Australian bourse.Barton said it slightly increased the placement volume due to additional demand from existing North American investors. The placement was fully supported ahead of its launch and was significantly oversubscribed at closing.The company estimates the placement's total costs to be less than 2.5% of the total proceeds, it said.Shares of Barton Gold fell nearly 1% in recent Wednesday trade.

ASX:BGD
Asia

Barton Gold Holdings Secures Nearly AU$26 Million Through Placement

Barton Gold Holdings (ASX:BGD) has secured binding commitments to raise AU$25.5 million before costs through a placement of 30 million shares priced at AU$0.85 each, representing a 7.5% discount to its 10-day volume-weighted average price, according to a Monday Australian bourse filing.The new placement results in a modest equity dilution of just over 11%, preserving shareholder value, with the company estimating total placement costs at under 2.5% of the proceeds, per the filing.The proceeds will be used to progress the company's Gawler Craton strategy, including a definitive feasibility study and recommissioning work at Challenger, resource conversion and completion of the pre-feasibility study at Tunkillia, and continued drilling and metallurgical testing at the Tolmer silver discovery, the filing added.The company's shares rose 2% in recent Monday trade.

ASX:BGD
Asia

Barton Gold Identifies Gold Mineralization at South Australia Gold Project

Barton Gold Holdings (ASX:BGD) said it identified gold mineralization from recent drilling at its Challenger Gold Project in South Australia, according to a Wednesday Australian bourse filing.The results were up to 8 meters at 1.7 grams per tonne gold from 55 meters, including 1 meter at 7.6 grams per tonne gold from 57 meters.The company said the new assays confirm Challenger South-Southwest and Challenger 3 mineralization and support a potential new JORC 2012-compliant mineral resource estimate (MRE) for Challenger 3.A definitive feasibility study is underway targeting a viable, simplified Stage 1 operation to underwrite the restart of the Challenger Gold Mine and maximize development optionality across Challenger, Tarcoola, Wudinna, and Tolmer, the filing added.The company's shares fell nearly 2% in recent Wednesday trade.

ASX:BGD
Asia

Barton Gold Holdings Begins Follow-Up Drilling at South Australia Silver Prospect

Barton Gold Holdings (ASX:BGD) began an expedited 4,000-meter follow-up drilling program at the Tolmer silver prospect, located at its Tarcoola gold project in South Australia, according to a Tuesday Australian bourse filing.The program will infill the high-grade zone on a different orientation to test continuity and a potential new interpretation of local geological controls, as well as potential extensions of the mineralization.Its shares rose 2% in early trading on Tuesday.

ASX:BGD
Asia

Barton Gold Says Feasibility Study Shows South Australian Plant Suitable for Recommissioning

Barton Gold Holdings (ASX:BGD) said an ongoing definitive feasibility study has confirmed that the Central Gawler Mill adjacent to its South Australian Challenger gold project is suitable for recommissioning, according to a Thursday filing with the Australian bourse.The analysis also indicates that the reprocessing of historical tailings storage facility 1 materials is technically feasible and operationally practical, per the filing.The company said it is continuing with various programs to assess the processing of fresh mineralization expected to be sourced from existing and planned open pits at the Challenger project, with all programs on track for a planned mineral resources upgrade in the third quarter.

ASX:BGD
Asia

Barton Gold Appoints Firm to Manage Credit Portion of Financing for Planned Stage One South Australia Gold Project Operations, Shares Jump 5%

Barton Gold Holdings (ASX:BGD) appointed Bedrock Advisory Partners to manage the credit portion of its financing process for targeted stage one operations at the Challenger gold project in South Australia during the March quarter, according to a Monday Australian bourse filing.An around 30,000-meter phase two reverse circulation drilling program is underway at the Tunkillia gold project in South Australia for a mineral resource estimate upgrade in open-pit areas.It is planning follow-up drilling at the Tolmer discovery, also in South Australia, where soil assays indicate potential extensions of recently discovered shallow, high-grade silver mineralization.The firm took delivery of diesel supplies in its own storage in support of all planned forward drilling programs during the year and maintains its own distribution capabilities in the wake of the conflict in the Middle East.Its shares rose 5% in recent trading on Monday.

ASX:BGD
Asia

Barton Gold Says Drilling at South Australian Gold Project Confirm High-Grade Mineralization

Barton Gold Holdings (ASX:BGD) said drilling at its Challenger gold project in South Australia confirm high-grade mineralization in the pit floor at the Challenger West pit, according to a Wednesday Australian bourse filing.The company encountered intercepts of 7 meters at 2 grams-per-tonne (g/t) grade of gold from surface, as well as 3 meters at 20.6 g/t grade of gold from 13 meters.The drilling validates previously modeled mineralization, with in-pit materials grading between 5 g/t to 20 g/t grade of gold at shallow depths below the pit floor, and peak assays grading up to 60 g/t grade of gold.The company's shares fell nearly 1% in recent trading on Wednesday.

ASX:BGD
Asia

Barton Gold Completes Pit Optimization Drilling at South Australia Gold Project

Barton Gold Holdings (ASX:BGD) said it has completed pit optimization drilling at its Challenger Gold Project in South Australia, targeting an initial stage 1 definitive feasibility study (DFS) and ore reserves conversion by the second half of the year, according to a Thursday Australian bourse filing.The company said the DFS objective is to model a viable, simplified baseline stage 1 operation to underwrite a restart of the Challenger Gold Mine and maximize development options across the Challenger, Tarcoola, Wudinna, and Tolmer projects.The company added that the first assays from recently completed resource upgrade reverse circulation drilling are expected imminently.

ASX:BGD