Interim Financial Report to December 2013
Perth, Mar 17, 2014 AEST (ABN Newswire) - Taruga Gold Limited (
ASX:TAR) is a West African gold explorer that listed on the Australian Securities Exchange (ASX) on 7 February 2012. The Company operates exploration projects located in Niger, Mali, Cote d'Ivoire and Ghana. Taruga is targeting, subject to successful exploration, the delineation of new mineral resources and the Company's objective is to exploit economic gold resources through downstream mine development.
During the first half of the 2013/2014 year, Taruga significantly expanded its landholding through acquisitions of projects in Mali and Côte d'Ivoire. In Mali, Taruga has 835km2 of highly prospective ground in the Nangalasso, Diendio and SLAM projects; while in Cote d'Ivoire the Company has 1,200km2 of granted licence at the Mankono, Korhogo and Dabakala concessions as well as additional applications pending final grant. The landholding in Mali and Cote d'Ivoire has been targeted in proven gold mineralised areas and regions of excellent geological prospectivity with the potential for new discoveries to be delineated.
Taruga has commenced the 2013/2014 field season with exploration focused on the Nangalasso Project in Mali and the Kossa Project in Niger. In addition, the Company has commenced field reconnaissance, geological mapping and geochemical sampling of the Mankono, Korhogo and Dabakala Projects in Cote d'Ivoire - this is the first-pass exploration in these under-explored concessions that have been granted in late 2013.
To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/76762-ASX-TAR-671055.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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