Tolu Minerals Initiates Major Exploration Program Near Tolukuma Gold Mine

Tolu Minerals Limited ( (AU:TOK) ) has shared an update.

Tolu Minerals Limited has commenced a significant exploration program in the 120 Vein-Kimono Vein area near the Tolukuma Gold Mine in Papua New Guinea. This initiative marks a crucial step in the company’s growth strategy, aiming to define a substantial gold mineral resource. The exploration includes geological mapping, trench sampling, and geochemical surveys, with follow-up drilling planned for the third quarter of 2025. The identification of additional vein targets and structural features similar to those at the Tolukuma Gold Mine suggests promising potential for expanding near-mine gold resources, reinforcing Tolu’s position in the mining sector.

More about Tolu Minerals Limited

Tolu Minerals Limited operates in the mining industry, focusing on the exploration and development of gold mineral resources. The company is actively engaged in expanding its operations around the Tolukuma Gold Mine in Papua New Guinea, with a strategic emphasis on identifying and developing high-grade gold mineralized veins.

Average Trading Volume: 49,923

Technical Sentiment Signal: Buy

Current Market Cap: A$171.7M

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