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.