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Taruga Minerals Limited ( (AU:TAR) ) has provided an update.
Taruga Minerals has reported high-grade rock chip assays from the Weioko gold district within the East Normanby project in Papua New Guinea, including results up to 23.2 grams per tonne of gold, confirming the presence of an extensive, high-grade epithermal gold system along an 8km trend. These findings, supported by strong historical trenching and drilling results, underpin the company’s recent 12‑month option to acquire 100% of the East Normanby and Kol Mountain projects and set up a pipeline of work that includes expanded geochemical sampling, validation of historical data, reinterpretation of geophysics and prioritisation of drill targets, potentially strengthening Taruga’s growth prospects and positioning in the regional gold-copper exploration space.
More about Taruga Minerals Limited
Taruga Minerals Limited is an Australian-listed mineral exploration company focused on gold and copper projects. The company is expanding its portfolio into Papua New Guinea through options to acquire the East Normanby gold project on Normanby Island and the Kol Mountain copper-gold project on East New Britain Island, both considered highly prospective, advanced exploration assets in established mineral districts.
Average Trading Volume: 4,563,260
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$13.76M
Learn more about TAR stock on TipRanks’ Stock Analysis page.