Quarterly Activities Report
Perth, Aug 1, 2014 AEST (ABN Newswire) - Perth-based explorer Taruga Gold Limited (
ASX:TAR) ("Taruga" or "the Company") undertook geological mapping and geochemical sampling at the Nangalasso Project in Mali, completed field reconnaissance and geochemical interpretation of the SLAM project, Mali, and commenced field mapping, geological interpretation and geochemical sampling of its highly prospective Cote d'Ivoire projects as part of its exploration activities in West Africa during the June 2014 quarter.
Highlights
Nangalasso Project, Mali
- Geological mapping and reconnaissance of the Nangalasso project continued during the quarter
- Active artisanal mining continues in the Sotian concession with the area of workings now exceeding 1,200m x 1,100m area. Taruga is assessing this area to determine how to maximize value of the extensive surface working as well as undertake exploration for bedrock mineralisation
- Additional artisanal workings have been located within the Nangalasso concession and continue to highlight an extensive gold mineralised structure for initial drill testing.
- Aircore drilling delayed due to early onset of seasonal rains and access prevented to key areas. Drilling proposed to commence as soon as access is suitable.
SLAM Project, Mali
- Geological mapping, field reconnaissance and interpretation of the extensive geochemical anomalies continued at the SLAM project continued during the quarter.
- Extensive artisanal workings were located in Kambali permit, and are closely associated with +1g/t surface geochemical anomalies. Mapping of the workings indicates mineralisation hosted within surface material, but importantly continuing into bedrock material.
Cote d'Ivoire Projects
- Initial geological mapping, geological reconnaissance and geochemical sampling has commenced at the 100% owned highly prospective Cote d'Ivoire projects.
- Taruga continues to assess its highly prospective projects in Cote d'Ivoire and is looking to advance the projects as rapidly as possible.
Corporate
Cash at end of June quarter - $0.24M
To view the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TAR-686472.pdf
Contact
Taruga Gold Limited
Bernard Aylward
T: +61-8-9222-5800
F: +61-8-9222-5810
E: admin@tarugagold.com.au
WWW: www.tarugagold.com.au
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