MD Bernard Aylward Talks About the Newcrest Deal
MD Bernard Aylward Talks About the Newcrest Deal
Sydney, Sep 20, 2015 AEST (ABN Newswire) - Taruga Gold Limited (ASX:TAR) MD Bernard Aylward Talks about the signing of a Non-Binding Heads of Agreement with top-tier gold producer, Newcrest Mining Limited (ASX:NCM).

The culmination of significant alliances with major institutions and gold producers over the last six months demonstrates the attractive nature of the company and its activities in Africa.


- Taruga and Newcrest execute non-binding heads of agreement for a proposed farm-in and joint venture over Taruga's Dabakala concession

- Newcrest to spend up to US$1.7 Million to earn 75% of proposed joint venture within 3 years from commencement, including a minimum US$750,000 exploration spend before withdrawal

- US$100,000 cash payment to Taruga upon execution of documentation

- Newcrest concessions adjacent to Dabakala and exploration programs will target high priority mineralised trends

- Strong Geochemical anomalies defined by Taruga sampling within the Dabakala concession

- If the Newcrest transaction proceeds, Taruga will have concluded two strategic Joint Venture arrangements in 2015 with major gold companies

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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.



Taruga Gold Ltd
T: +61-8-9486-4036
F: +61-8-9486-4799
E: admin@tarugagold.com.au
WWW: www.tarugagold.com.au

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