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Techgen Metals Ltd. ( (AU:TG1) ) just unveiled an announcement.
TechGen Metals reported one of its busiest quarters since listing, highlighted by a three-hole reverse circulation and diamond drilling program at the Mt Boggola project that intersected mineralisation in all holes. A standout result was a 20m intersection grading 1.14% copper at the MB4 target, which remains open in all directions and is considered the best copper intercept recorded at Mt Boggola to date.
Across its gold-focused Dalgaranga and El Donna projects, TechGen completed soil sampling programs totalling more than 1,000 samples, with assays pending that will guide future drilling, including at the untested Armstrong pit. At the Blue Devil project, the withdrawal of a Native Title objection allowed the grant of key exploration licences, clearing the way for first drilling of large electromagnetic and induced polarisation targets at Blue Devil and Red Devil from June–July, supported by up to $170,000 in co-funded drilling, while the company ended the quarter with $1.746 million in cash and plans to run two drilling campaigns in the current quarter.
More about Techgen Metals Ltd.
TechGen Metals Ltd. is an Australian mineral exploration company focused on copper, gold, silver and lead projects, with key tenements at Mt Boggola, Dalgaranga, El Donna and Blue Devil in Western Australia. The company targets early-stage to advanced exploration assets and is positioning itself around copper and gold systems that have seen limited modern drilling but encouraging historical sampling and geophysical anomalies.
Average Trading Volume: 1,853,847
Technical Sentiment Signal: Sell
Current Market Cap: A$12.41M
See more data about TG1 stock on TipRanks’ Stock Analysis page.