Taruga Gold extends Kossa project

/in /by

THE DRILL SERGEANT: Taruga Gold (ASX: TAR) has encountered further near-surface gold mineralised intersections at the Borobon prospect, located within the company’s Kossa project in Niger, West Africa.

The latest results are from a reverse circulation (RC) drilling campaign targeting the Kossa-Borobon gold mineralised trend.

Taruga said the drilling is part of an ongoing exploration campaign at the Kossa project, which is targeting the Borobon prospect with the aim of continuing to define extensions to zones of gold mineralisation.

Taruga completed 35 RC drill holes in November and December 2012.

Results from this drilling include:

–    5 metres at 3.16 grams per tonne gold from 2 metres;

–     9m at 1.74g/t gold from 26m;

–    4m at 2.26g/t gold from 106m;

–    8m at 1.21g/t gold from 76m; and

–    5m at 1.01g/t gold from 141m;

Taruga said the results confirm gold mineralisation at Borobon where its maiden drilling campaign returned results including:

–    12m at 3.35g/t gold from 9m;

–    12m at 2.23g/t gold from 15m;

–    10m at 1.13g/t gold from 29m; and

–    2m at 19.97g/t gold from 84m.

 

Kossa project location and historic geochemical samples highlighting gold anomalous zones. Source: Company announcement

 

“Taruga continues to achieve success with each exploration program at our exciting Kossa project in Niger,” Taruga Gold executive chairman Bernard Aylward said in the company’s announcement to the Australian Securities Exchange.

“We have maintained a busy exploration program during our first year of listing (February 2012) – including an exhaustive campaign in the past three months of RC and aircore drilling at the Borobon prospect and an extensive aeromagnetic survey covering the entire project.

“We will now continue to maintain our aggressive exploration program with the aim of completing a maiden Mineral Resource estimate for the Borobon and Kossa prospects in the first half of 2013.

“The new results highlight the extensive gold mineralised system at Borobon, with multiple mineralised lodes that remain open along strike and at depth.

“Drilling is still wide-spaced at this early stage and we continue to expand the system.

“We will re-commence RC drilling in January focusing on defining the extent of the gold mineralisation and targeting additional mineralisation structures highlighted by our exploration work.”

Taruga said gold mineralisation has been confirmed for a strike length exceeding 2.5 kilometres.

The company indicated additional drilling is required to define the extent of the system.

The re-commencement of RC drilling at Borobon in January will entail a program designed to extend structures, target depth extensions and determine continuity of mineralisation.

This work will be conducted in preparation for a maiden resource estimate the company anticipates to be completed in the first half of 2013.