Taruga Minerals Limited (ASX: TAR, Taruga or the Company) is pleased to provide an update on planned exploration activities at Thowagee, Gascoyne province WA.
Exploration activities are planned to be carried out during July and August, with field observations and results from geochemical assays to be reported as they become available.
Expanded activities will include extending the soil sampling program which identified an anomalous gold (Au) trend running north-east to south-west cutting the south-east corner of the original soil sampling grid. The anomalous gold in soils trend extends along approximately 1km of strike and appears coincident with a distinct structure as interpreted from airborne magnetic images. The assessment of the extent and veracity of the gold trend will be a priority for the additional soil sampling. Other planned programs include the implementation of ground gravity and magnetic geophysical surveys over a 5.5sqkm area, to provide detailed information on subsurface responses that can be related to geochemical data, interpreted structures and lithological mapping.
The implementation of slimline hand-held diamond core drilling is planned to be carried out from within the existing workings (POW approved). Drill holes are planned to focus on the wall rock to provide suitable samples for mineralogical evaluation of the host rock and potential mineralised halo around the lead/silver dominant ore that was historically mined. Core samples can also be utilised for petrophysical assessment to inform the use and interpretation of newly acquired geophysical data. The Company will utilise the new geochemical and geophysical data in conjunction with a thorough evaluation of existing, mainly geophysical data to identify and prioritise the most significant targets for ongoing follow up within the Thowagee Project.
Contact:
Tel: +61 8 9486 4036
Forward Looking Statements and Important
This report contains forecasts, projections and forward-looking information. Although the Company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions it can give no assurance that these will be achieved. Expectations and estimates and projections and information provided by the Company are not a guarantee of future performance and involve unknown risks and uncertainties, many of which are out of Taruga's control. Actual results and developments will almost certainly differ materially from those expressed or implied. Taruga has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this announcement. To the maximum extent permitted by applicable laws, Taruga makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this report and without prejudice, to the generality of the foregoing, the achievement or accuracy of any forecasts, projections or other forward looking information contained or referred to in this report. Investors should make and rely upon their own enquiries before deciding to acquire or deal in the Company's securities. Comment on using historical data - Information in this release has been compiled from historical data reported in Geological Survey of Western Australia's MINEDEX Database, or in public filing of mineral exploration reports (the WAMEX archive). Information is considered as historical by nature, and while all care has been taken to review previous reports, ground testing and confirmation work is required to confirm and is underway.
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