Barton Gold's $380,000 ADI Grant: Unlocking Tarcoola's Potential

Barton Gold Holdings Limited (ASX:BGD) has received a significant boost to its exploration efforts with a $380,000 grant disbursement from the South Australian Government's Accelerated Discovery Initiative (ADI). This funding will support research and development (R&D) work programs at the company's Tarcoola Gold Project, with a focus on unlocking the regional structural context of the Tarcoola Goldfield.

The ADI grant, part of a larger $595,000 award, will fund activities including ground penetrating radar (GPR), seismic surveys, and validation drilling of theorised models generated. These works, planned and undertaken during the fiscal years 2023 and 2024, have led to significant advancements such as a newly interpreted regional structural model for the Tarcoola Goldfield and the identification of the new Tolmer Gold System through high-grade gold assays from conceptual test drilling.

Barton Gold's Managing Director, Alexander Scanlon, expressed gratitude for the support from the South Australian Government, stating that these programs are a critically valuable tool in supporting the efforts of small companies leading higher-risk exploration initiatives. The Tolmer discovery is a prime example of the potential to significantly accelerate regional development.

The $380,000 ADI grant disbursement will be allocated towards research and development (R&D) work programs at the Tarcoola Gold Project. These programs include ground penetrating radar (GPR), seismic surveys, and model validation drilling. These techniques will help Barton Gold better understand the regional structure of the Tarcoola Goldfield, potentially leading to new discoveries like the recently identified Tolmer Gold System.

The key objectives of the approved program of works align with the company's long-term strategic goals of unlocking the regional structural context of the Tarcoola Goldfield and accelerating regional development. By leveraging the ADI grant, Barton Gold is well-positioned to continue its exploration efforts and potentially uncover new gold resources in the Tarcoola Goldfield.




In conclusion, the $380,000 ADI grant disbursement received by Barton Gold will play a crucial role in advancing the company's exploration efforts at the Tarcoola Gold Project. With a focus on understanding the regional structure of the Tarcoola Goldfield, Barton Gold is well-equipped to unlock the full potential of this under-explored asset and potentially uncover new gold resources. As the company continues to invest in its exploration activities, investors can expect to see further developments and potential discoveries in the coming years.