• Taruga finds a high amplitude bedrock conductor at Thowagee
• The company considers it a high-priority target for follow-up in the current field program
• Other ground gravity and magnetic geophysical surveys have kicked off over a 5.5km2 area to improve on historical survey data

 

Special report: A review of historical data, including results of an airborne versatile-time-domain electromagnetic (VTEM) survey, has confirmed a discrete conductor as a high-priority target at the Thowagee asset in WA’s Gascoyne.  

Taruga Minerals (ASX:TAR) commissioned an independent review of the airborne VTEM data which confirmed a discrete high amplitude conductor on the margins of a granitic body, about 1km south of the Thowagee polymetallic workings.

This conductor appears coincident with a magnetic anomaly and is adjacent to a structure interpreted from regional and VTEM magnetics.

Additionally, galena and malachite have been observed in rock chips at surface nearby.

TAR said the VTEM anomaly was a high priority geophysical target and would be followed up with a fixed loop electromagnetic (FLEM) ground survey during the current field program.

Ground gravity and magnetic geophysical surveys over a 5.5km2 area have kicked off in an effort to improve on historical airborne survey data over the Thowagee project area.

This will provide more detailed information which can better relate to geochemical data, interpreted structures and lithological mapping to identify and rank potential drill targets.

 

 

Background on Thowagee

The landholding includes the historical Thowagee mine with high-grade mineralisation occurring in outcropping veins and gossans.

Taruga’s initial exploration has included reconnaissance with rock chip sampling plus soil sampling over the Thowagee mine area.

Planned exploration has a focus on the apparent gold, silver and lead mineralised trends, with the company utilising the new geochemical and geophysical data to identify and prioritise the most significant targets for ongoing follow up.

 

What’s next?

Exploration completed at Thowagee during July includes extended soil sampling and further rock chip sampling focused on extending identified anomalous mineral trends with assay results expected in August.

Additionally handheld slimline BQ core drilling has been completed within existing workings to assess rock mineralogy directly adjacent to the material historically excavated.

Lab assay results of drill core are expected within the next four to six weeks.

Survey data and interpreted results are also expected to be available during August.

 

 

This article was developed in collaboration with Taruga Minerals, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.