Taruga builds polymetallic story in Gascoyne with new rock chips
Highlighted assays from two distinct mineralised trends at the project have returned peak grades up to a solid 170g/t silver and as much as 13.4 per cent lead, alongside zinc up to 0.7 per cent.
The assays build on earlier results up to 19.7 per cent lead and even featured copper and gold mineralisation up to 3.4 per cent and 0.9g/t respectively, indicating Thowagee's prospectivity as a true polymetallic system.
Taruga says its two distinct mineralised trends at the project extend for around 900 metres along a north-northeast strike and 1000m along a north-northwest strike, both associated with historical workings and open for further expansion.
The Thowagee project lies just west of the old Thowagee mine and now forms part of Taruga's rapidly expanding Gascoyne portfolio, which has ballooned to 416.5 square kilometres after its latest acquisition.
Recent mapping and sampling have identified a potential precious metals halo surrounding the historically targeted quartz-galena veins. The company says samples exhibit a finer-grained sulphide style in altered veins, suggesting a broader gold and silver-rich system that may have been overlooked by previous owners.
Taruga has intensified its exploration efforts, with an expanded program encompassing geochemical soil sampling, additional rock chip assays and analysis of geophysical datasets, including magnetics, gravity, and VTEM.
Soil sampling results are expected in the coming weeks, with geophysical data to prioritise targets for a potential maiden drilling campaign expected shortly thereafter.
The new project dovetails with the company's broader strategy to lock up a dominant ground position in one of WA's most underexplored and highly prospective polymetallic belts.
The absence of modern drilling for base or precious metals across Taruga's tenements highlights the untapped potential of the region, particularly as precious metals prices soar.
With a dominant landholding and new management coming off a $1.5 billion polymetallic success at Adriatic Metals, Taruga is well-placed to unlock the full potential of the Gascoyne, with the latest findings of precious metals poised to guide the next phase of exploration. The company is now hurtling towards the first ever modern testing of perhaps WA's most promising polymetallic region.
Is your ASX-listed company doing something interesting? Contact:
matt.birney@wanews.com.au
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