TAR makes high-grade silver hit at Thowagee
Project hosts numerous historical satellite mines
Company targeting mineralisation along strike
Special Report: Taruga Minerals says rock chip results from its Thowagee project in WA have returned the highest silver result to date of 170g/t.
Thowagee includes two sites of historic mining (Thowagee Mine and Thowagee Bore) with high-grade polymetallic mineralisation occurring in outcropping veins and gossans.
Apart from returning the highest silver hit to date, the rock chip sampling from satellite historical miner workings has also extended the strike, now extending over 900m along a north-northeast trend and over 1000m along a north-northwest direction
Best results include:
12.2% lead, 170g/t silver, 0.7% zinc
13.0% lead, 102g/t silver
13.4% lead, 69g/t silver, 0.6% zinc
11.4% lead, 81g/t silver, and;
11.1% lead, 117g/t silver
The results build on previous assays which had already confirmed an outcropping high-grade lead and silver system at Thowagee, and Taruga Minerals (ASX:TAR) expects to receive additional assay results from soil sampling in the coming weeks.
Looking beyond historical workings
Exploration at Thowagee has now been expanded to include mapping, rock and soil geochemical sampling programs.
'Importantly, the highest-grade silver result to date is another example of mineralisation occurring as a halo to the main quartz vein system that was the focus for historical small-scale mining,' director David Chapman said.
'Rock chip THRK023 (12.2% Pb, 170 g/t Ag, 0.7% Zn) is a darker altered vein sample, which is similar to previously released schist wallrock sample THRK015 (12.9% Pb, 103g/t Ag, 0.8% Zn, 0.9g/t Au) in exhibiting a more fine-grained sulphide style than the mineralised quartz first identified in workings.
'Further work is ongoing to understand the extent of the halo mineralisation found surrounding the main historical workings quartz focus – and its impact on potential scale to the project.'
Additional Thowagee rock sample and historical workings location. Source: TAR.
In addition, TAR has issued the vendors of the project with an option exercise notice to acquire 100% ownership of Thowagee.
The company says this acquisition complements the existing Taruga application portfolio, which now consists of 416.5km2 of contiguous acreage in the Northern Gascoyne province of WA.
This article was developed in collaboration with Taruga Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News.com.au
29 minutes ago
- News.com.au
West Melbourne biscuit factory apartment for sale
A Melbourne warehouse where Teddy Bear and Butternut Snap biscuits once rolled off the production line has been reborn as a heritage apartment. The one-bedroom loft at 19/11 Anderson St, West Melbourne — the former T.B. Guest & Co. biscuit factory — is now one of the city's most stylish conversions, with a price guide of $875,000-$950,000. The red-brick landmark on Anderson St was once a bustling workplace employing hundreds of staff and delivering truckloads of biscuits across Victoria. More than a century later, its robust walls and Oregon beams now enclose loft-style homes that have become some of the most sought-after in the suburb. Apartment 19 is one of the building's rare one-bedroom offerings, though at 95sq m it dwarfs most modern equivalents. With soaring black-painted ceilings, exposed brickwork, polished hardwood floors and a separate study large enough to double as a guestroom, the scale is a point of difference. The apartment also comes with oversized secure parking, an uncommon inclusion in heritage conversions. Ray White CRE director Toby Campbell said the property's history was its greatest selling point. 'People chasing this style won't even consider a modern build, they want the authenticity, the charm, the narrative baked into the bricks,' Mr Campbell said. 'You're not just buying an apartment, you're becoming a custodian of a legacy. 'This is forever architecture.' Mr Campbell said buyers drawn to warehouse conversions were looking for more than just a home. 'This is a one-bedroom you can actually entertain in, not your standard shoebox,' he said. 'It'll attract style-conscious buyers who value space and atmosphere. Even two-bedroom buyers are showing interest.' The building's fading 'Biscuits & Cakes' signage still stands over Anderson St, a reminder of its industrial past, while the 2002 conversion that transformed the site into residences deliberately kept the raw materials and character intact. Inside, the combination of century-old craftsmanship and modern finishes delivers what agents often call Melbourne's answer to the New York loft. West Melbourne's transformation from working-class heartland to inner-city hotspot has fuelled demand for conversions like this, with the Ray White CRE director feeling confident the upcoming Arden Metro Tunnel station will to accelerate growth in the area. 'Collingwood and Fitzroy used to dominate, now West Melbourne is firmly on the radar,' Mr Campbell said. The apartment goes to auction on September 20.
ABC News
an hour ago
- ABC News
Markets live updates: ASX set to retreat from record as markets await Fed chair speech
After crossing 9,000 points for the first time, the ASX 200 is poised to dip, following a retreat on Wall Street. Traders are bracing for an address by Federal Reserve chair Jerome Powell to the Jackson Hole central bank symposium on Friday, US time. Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice.
News.com.au
an hour ago
- News.com.au
ASX explorers are flocking to uranium-friendly Namibia – here's why
ASX juniors are enjoying government support in uranium-friendly Namibia Elevate Uranium plans to have U-pgrade pilot plant operational at Koppies in November Pioneer Lithium has expanded landholding at recently acquired Warmbad project Namibia is the third-largest uranium producing nation in the world, behind only Kazakhstan and Canada. With average production of 5613 metric tonnes in recent years, the country has solidified its position thanks to an extremely stable government and strong support for uranium operations. It's also home to the longest-running uranium mine in the world, Rossing, which started production back in 1976 and home to Aussie companies like Paladin Energy (ASX:PDN), which produced 3Mlb from its Langer Heinrich mine for the 2025 financial year. It's a fertile breeding ground for developers as well, including ASX hopefuls Bannerman Energy (ASX:BMN) at its Etango project and Deep Yellow (ASX:DYL), which has the 6Mlbpa Tumas shovel ready, waiting for prices to rise before reaching a final investment decision. It's no surprise that junior mining companies have flocked to Namibia too, like Elevate Uranium (ASX:EL8). Its Koppies discovery has a resource of 66.1 million pounds of uranium grading 192ppm, with a further 46Mlb at the Marenica project further to the north in the Central Erongo Area. Elevate managing director Murray Hill said the history of development and mining in the country means the southern African government is extremely supportive of uranium mining. 'It's the only country in the world with a dedicated uranium association, so that is basically the conduit between developers, explorers and government stakeholders and community,' he said. 'They do a fantastic job of supporting and promoting the industry because you've got 49 years of processing. 'They're not scared of uranium, they understand and are very familiar with uranium, unlike Australia where we're all scared of it.' U-pgrade process lowers costs Not only does EL8 have a fantastic track record of taking discoveries through to resources – with two out of four uranium projects with resources and two in works – the company also has a unique and very cost-effective processing method. The U-pgrade process was designed to upgrade surficial uranium ores and was developed on ore from Elevate's Marenica. Testwork completed to date has shown the technology concentrated the uranium by a factor of 50 and increased Marenica's ore grade from 93 parts per million uranium oxide to around 5000ppm. The patented technology has the potential to reduce operating and capital costs by around 50% when compared to conventional processing. And the company just built its first U-pgrade pilot plant and sent it to Namibia, where it will process at least 60t of material from EL8's local assets. 'Because we can produce a low mass concentrate that gives us the flexibility as to what we do with that concentrate,' Hill said. 'We can transport it to a third party for processing or transport it to one of our other operations for leaching and refining. 'Basically, we can create this hub and spoke approach where Koppies is the hub and the spoke could be coming from other projects bringing concentrate into that.' The next steps for the company include infill drilling and working towards a maiden resource estimate at the Namib IV deposit 10km south of Koppies later this year, with the pilot plant expected to be up and running by November's end. Koppies' secret weapon is its shallow depth, with 50% of the resource within 7m of surface. That will keep mining costs low, even before the waste management and processing cost savings from the U-pgrade beneficiation process are taken into account. Pioneer expands Namibian project Another junior with its finger in the pie is Pioneer Lithium (ASX:PLN), which recently acquired the ~350km2 Gaobis project, considered to be an extension of its 271km2 Warmbad project in Namibia's southern uranium corridor. CEO Michael Beven said the company was attracted to the project because it hosts known uranium mineralisation and sits in an underexplored region with untested geological structures. 'The acquisition also has a strategic component,' Beven said. 'Namibia maintains strong connections with Chinese uranium markets and combined with Pioneer's acquisition of the Skull Creek Uranium Project in Colorado, USA, this provides Pioneer with a favourable strategic market position. 'Namibia is a mining-friendly jurisdiction that consistently ranks highly in the Fraser Institute's Mining Investment Attractiveness Index. 'Its regulatory environment, mining legislation, and government attitude towards exploration are generally supportive and transparent. 'Moreover, Namibia is politically stable compared to many other African jurisdictions, reducing sovereign risk.' Suitable for heap leaching too The project is also host to alaskite-style uranium which other Namibia deposits have shown to be amenable to sulphuric-acid heap leaching. 'Bannerman Energy's Etango project completed a multi-year, site-based heap-leach demonstration program, achieving uranium recoveries exceeding 85% over approximately 110–120 days with moderate acid consumption,' Beven said. 'Swakop Uranium's Husab mine has operated an industrial-scale heap-leach pilot since 2024 to treat low-grade stockpiles, while Forsys Metals' Norasa project and historical Rössing studies have confirmed similar metallurgical performance. 'These results highlight the applicability of heap leaching to large-scale, low-grade alaskite resources in Namibia, offering potential capital and operating cost advantages over conventional tank leaching.' Pioneer just announced an exploration target at Warmbad of between 22.22-32.11Mt of uranium-bearing material grading 100-120 ppm U3O8 The target is based on approximately 31,685 m of historic drilling undertaken by Xemplar Energy between 2007 and 2009, across four main zones where uranium mineralisation remains open in multiple directions. 'There is significant scope for expansion, especially after planned drone-based radiometric and magnetic geophysical surveys, followed by targeted twinning, step-out drilling, and exploration of untested granitic and paeleochannel targets, all aimed at growing the size of the known mineralisation and progressing toward a JORC-compliant mineral resource estimate,' Beven said.
