Copper Carbonate Mineralisation Uncovered at Mt Boggola Project
TechGen Metals (ASX:TG1) has announced promising early-stage results from its reverse circulation (RC) and diamond drilling program at the Mt Boggola project, situated in the resource-rich landscape of Western Australia. The company has intersected widespread visible copper carbonate mineralisation, a significant development in the exploration efforts at this prospective site.
The initial phases of drilling have already yielded notable intercepts, with one particular hole, hole three, standing out. This drill hole encountered extensive copper mineralisation and substantial quartz veining within its 90-metre RC pre-collar. The mineralisation was identified across several intervals, specifically around two metres, eight metres, 22 metres, and 62 metres downhole. This particular drill hole was strategically designed to target a confluence of a magnetic intrusion and a high chargeability anomaly indicated by induced polarisation (IP) surveys.
Further exploration has also seen a second drill hole intersect visible sulphides and quartz-dolomite veining within sedimentary rock formations. This discovery provides crucial confirmation of mineralisation at the MB1 IP chargeability target, reinforcing the geological models guiding the exploration.
Samples from the RC pre-collar of all three holes drilled to date have been dispatched to the assay laboratory. The company anticipates receiving the results for gold and silver within these mineralised zones in the coming two weeks. Additionally, drill core recovered from two completed diamond drill holes is currently undergoing detailed logging and cutting in Perth, with assay results expected early next month.
Managing Director, Ashley Hood, expressed considerable satisfaction with the progress at Mt Boggola. “We are exceptionally happy with the drilling at Mt Boggola to date, which has confirmed that the IP chargeability target at MB1 is related to primary copper and lead sulphide mineralisation,” Mr Hood stated. He elaborated on the next steps, noting, “Assays for gold, silver and antimony are required to see if these elements go with the current visual sulphides in the diamond drill core and support the surface geochemistry models.”
Advancing Exploration to New Targets
Following these encouraging results, TechGen Metals has repositioned its drill rig approximately 1.3 kilometres to the southwest to commence testing of a new target, designated MB4. This target is also characterised by a significant IP geophysics chargeability anomaly, which is closely associated with its own magnetic halo. Crucially, this magnetic halo coincides with and sits directly above a major regional magnetic intrusion.
Mr Hood provided further context for the significance of the MB4 target. “Our MB4 target is, as documented, a coincident IP geophysics chargeability target seated within its own magnetic halo that coincides with and sits directly above a main regional magnetic intrusion,” he explained.
He highlighted the historical lack of exploration at this specific intrusion. “Historically, this intrusion has never been drilled by previous major companies who have held the project,” Mr Hood commented. He noted that while Newcrest did clear a track to the base of the intrusion in 1991, near the current location of diamond drill hole MBDD003, with an old drill peg still present, actual drilling at MB4 itself did not occur.
The logistical challenges associated with accessing the MB4 area may have contributed to its historical under-exploration. “The area is logistically challenging to get to and may explain why drilling didn’t occur at MB4,” Mr Hood suggested. He contrasted this with Newcrest’s activities in the immediate vicinity, where shallow drilling was completed at other locations, including MB1.
The company’s share price saw a positive uptick, trading up by +1.61% at 6.3 cents on the day of the announcement.
The information provided in this article is for general informational purposes only and should not be construed as investment advice. Investors are strongly encouraged to conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions.
