Nangalasso Drilling Validates Major Gold Anomalous Trend
Perth, Jan 29, 2015 AEST (ABN Newswire) - Taruga Gold Limited (
ASX:TAR) is pleased to announce results of the aircore drilling program recently completed at the Nangalasso Project in Mali.
The program was designed to test high-priority target areas within the Nangalasso Project, selected from previous reconnaissance drilling, trenching, and extensive artisanal workings. Widespread gold anomalism was encountered across the project and importantly has highlighted a gold anomalous trend extending for over 1.7km. This trend is open along strike and at depth with the only wide spaced reconnaissance drilling completed.
"The results from this reconnaissance aircore drilling program at Nangalasso continue to highlight the prospectivity of this region. The drilling has returned extensive gold anomalism, including shallow high grade mineralisation up to 3m at 7.12g/t gold from 24m within a broad zone of gold anomalism and alteration. All the targets tested in our campaign have returned results that warrant immediate follow-up", stated Managing Director Bernard Aylward. "Our exploration programs at Nangalasso continue to improve our knowledge of the region and each program has upgraded the prospectivity of the region and highlights the potential to uncover a significant gold system at Nangalasso", Mr Aylward added.
Nangalasso Aircore Drilling Campaign:
Taruga completed a reconnaissance aircore drilling campaign at the Nangalasso project in December 2014. The program consisted of 73 aircore drillholes for 3,564m (avg depth 49m, maximum depth 78m, minimum depth 10m) with the majority of holes reaching primary rock.
The drilling program was designed to test 4 main targets, with each target returning encouraging results.
The intersection of 21m at 1.25g/t gold confirms and extends the high-priority target where previous trenching (7m at 4.3g/t gold in quartz veining and alteration) and preliminary reconnaissance drilling (1m at 7.8g/t gold) had indicated a significant trend. This drilling has now defined the trend for a minimum of 1,700m and remains open along strike and at depth (Table 1, Figure 2, and Figure 3 in link below).
The presence of high-grade gold mineralisation within the broad mineralisation is very positive and Taruga is planning to continue this zone and particularly target continuity of the higher grade zones.
At the Sotian workings, Taruga completed a single line of aircore drilling targeting an extensive zone of artisanal workings. Highly encouraging intersections include 3m at 2.1g/t gold from 6m and 3m at 1.3g/t gold from 3m. These results confirm the extension of the artisanal workings, and the geological logging of the drill holes indicates a potential bedrock source for the mineralisation. Taruga has identified the 1,000m x 700m extensive area of artisanal workings and anomalous geochemical sampling, including assay values up to 18.0g/t gold, 3.6g/t gold and 3.54g/t gold, as a high priority target requiring immediate follow-up and extension drilling.
"Taruga is continuing the interpretation of the drilling and planning a follow-up program. Over the next few weeks Taruga expects to receive final results for the drilling completed at the Kambali prospect in Mali and to report results of geochemical sampling completed in Cote d'Ivoire. In addition, the Company is continuing discussions with various parties regarding our West African projects", Mr Aylward ended.
To view tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TAR-707670.pdf
Contact
Bernard Aylward
Managing Director
Taruga Gold Limited
Mob: +61 418 943 345
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