Taruga Gold commences Kossa exploration program

THE DRILL SERGEANT: Taruga Gold (ASX: TAR) recently commenced a program of exploration activities at the company’s Kossa project in Niger, West Africa.

The exploration program is designed to continue testing the Borobon prospect, which is situated within the Kossa project, in preparation for a maiden resource estimate.

 

Borobon prospect drill results and gold mineralised trends update September 2012. Source: Company announcement

 

The program will also continue the company’s assessment of high-priority reconnaissance prospects and complete a regional exploration program.

The program is to consist of:

–    6,600 metres of reverse circulation (RC) drilling;

–    10,000m of aircore drilling targeting high-priority reconnaissance targets;

–    7,140 line kilometres of detailed aeromagnetic survey; and

–    20,000m of auger drilling.

The program has been underway since early November and so far Taruga has completed over 3,600m of RC drilling targeting the Borobon prospect with over 1,000 samples already in the laboratory.

The company said it has also commenced aircore drilling as well as an extensive airborne magnetic survey that covers the entire project area.

“We have commenced the new field season with a busy and extensive exploration program,” Taruga Gold executive chairman Bernard Aylward said in the company’s announcement to the Australian Securities Exchange.

“We are excited about the RC drilling at the Kossa–Borobon trend where we are aiming to continue the success of our maiden drilling program that highlighted extensive gold mineralisation.

“Taruga is targeting a maiden resource estimate for the Kossa project in early 2013 and this drilling will provide critical support for the definition of gold mineralisation.

“We are also continuing to advance the under-explored Kossa project through our regional exploration program.

“We have started a detailed aeromagnetic survey of the project and are continuing to develop our pipeline of quality exploration prospects through our aircore and auger drilling.”

“We are well-funded to continue our exploration focus and will complete all activities efficiently.

“We expect to maintain a regular news flow as the program continues as a quicker turnaround in assays is expected as availability at laboratories improves.”