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Perth, June 10, 2015 AEST (ABN Newswire) - Taruga Gold Limited (ASX:TAR) MD Bernard Aylward is interviewed by ABN Newswire regarding the company activities in West Africa, including a recent investment by Sprott Inc, and a US$3 Million Joint Venture with Resolute Mining Ltd (ASX:RSG).

Presentation Highlights:

Growth Strategy

- Identification and Acquisition Highly Prospective Landholding of Projects

- Joint Venture with Resolute Mining Ltd for 3 Cote d'Ivoire concessions (US$3M spend over 4 years to earn 75%)

- Identifying Additional Joint Venture opportunities to enhance shareholder value

- Project Portfolio with advanced projects in Mali with High Grade Drill Intersections and Extensive landholding in Cote d'Ivoire

Value Proposition

- Experienced Management and LocalExpertise - Ability to gain projects

- Completion of Joint Ventures and Assessment of Opportunities

- Fast moving to take advantage of opportunities

- Highly Experienced in the West African Gold Region

$1 Million Placement Completed

Announced $1M placement and SPP

- Sprott Inc. (TSE:SII) subscribed to $500,000 subject to shareholder approval

- Support from existing major shareholders

- New sophisticated investors entering register

Sprott Rationale

- Belief in West Africa as rich gold province

- Gold focused investment group

- Positive towards company due to our ground position, early stage exploration programs and Joint Venture agreements

- Acknowledge Exploration focus and activity with low corporate overheads

Resolute Joint Venture

- Expenditure of US$3 Million to earn 75% in 3 concessions

- Exploration activity commences

- geochemical sampling and geological mapping.

- In event of discovery, Taruga free carried through to completion of Feasibility

To view the latest presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TAR-721474.pdf

To view the Video Interview, please visit:
http://www.abnnewswire.net/press/en/80097/taruga


About Taruga Gold Ltd

Taruga Gold Limited (ASX:TAR)Taruga Gold Limited (ASX:TAR) is a junior exploration company with the advance Kossa Project in Niger which is located approximately 15km from the 5moz Essakane goldmine.

Taruga has focused on the Birimian geology of West Africa, however the Company is actively seeking new projects and is reviewing projects in Australia, Africa and other regions of interest.

 


Contact

Taruga Gold Limited
Bernard Aylward
T: +61-8-9222-5800
F: +61-8-9222-5810
E: admin@tarugagold.com.au
WWW: www.tarugagold.com.au



Related Companies

Taruga Gold Ltd
Sprott Inc.
Resolute Mining Limited     

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