Taruga unveils cracking polymetallic rock chips in | Australian Markets

Taruga Minerals has ripped the wrapping off a suite of spectacular rock chip assays at its new Thowagee polymetallic project in Western Australia’s mineral-rich Gascoyne area.

The spotlight outcomes reel, which incorporates a head-turning 26.3 per cent lead and 113 grams per tonne (g/t) silver, has confirmed a juicy, outcropping blended metallic cocktail of high-grade lead, silver, zinc, copper and gold.

A second rock chip wasn’t far behind, coughing up 19.7 per cent lead, 130g/t silver, 3.4 per cent copper and a tasty 0.1g/t gold.

Another standout hit got here in with 12.9 per cent lead, 103g/t silver, 0.8 per cent zinc and almost a gram per tonne of gold from altered schist adjoining to a historic quartz vein working.

The company’s latest floor findings – many of which show probably financial grades – have backed up historic accounts of wealthy polymetallic veins.

Taruga has now mapped out two distinct polymetallic trends – one stretching 800 metres to the north-northeast and the opposite working 350m north-northwest and open in a number of instructions.

Combining these trends with the mineralised schist wall rocks of the previous timers’ workings supplies mounting proof of a more expansive system than Taruga initially thought.

The boots-on-ground program has already unearthed more historic workings than anticipated and the invention of high-grade outcropping rock seems to have broadened the sport plan past simply high-grade veins.

Management says it appears a traditional case of a closely mineralised alteration halo stealing the highlight from the host.

These assay outcomes are distinctive, and the polymetallic nature of the high-value metals current can also be vital.

Ongoing exploration at website is set for a deep dive with a geochemical research, more rock chips and high-tech geophysical surveys to return. The company has radiometrics and magnetics on the radar, aiming to hint the elusive shear zones and mineralised pathways that may very well be the important thing to unlocking any doable treasures that lie beneath.

Armed with the findings, Taruga is now set to set off an option to buy the Thowagee licence from privateer Western Silver. The company has already forked out $15,000 for the option charge however will take full possession when a additional $85,000 value of Taruga scrip has been handed over to the seller.

The granted licence slots in completely with Taruga’s surrounding functions and wraps round its freshly pegged Uaroo West and East tasks, which incorporates the legendary Uaroo-Hill mine.

Back in the Fifties, miners at Uaroo-Hill hauled out almost 20 tonnes of ore packing an eye-watering 77.7 per cent lead and 301g/t silver. The close by Donelly-Kooline website delivered equally jaw-dropping grades of 55.8 per cent lead and 129g/t silver from shallow digs.

Rock chips from a sheared banded iron formation slicing by Uaroo West additionally returned gold grades as high as 1.1g/t, hinting at a golden alternative hiding in plain sight.

Despite the realm’s wealthy mineral historical past, neither Uaroo West nor East has ever been pierced by a drill gap focusing on base or valuable metals.

By including Thowagee to its present portfolio, Taruga has created a dominant landholding in the area of more than 416 sq. kilometres throughout a 20km huge stretch.

The early Thowagee numbers are the type that get explorers circling and the punters leaning in. With more assays in the pipeline and a growing patchwork of mineralised zones now on the radar, Taruga may presumably be on to 1 of the Gascoyne’s more compelling polymetallic performs in latest years.

Is your ASX-listed company doing one thing attention-grabbing? Contact: [email protected]