- Taruga Minerals (TAR) kicks off diamond drilling at the Wyacca Prospect within the Mt Craig Copper Project based in South Australia
- The aim of the 500-metre drilling program is to investigate the copper mineralisation at Wyacca to assist drill targeting and project growth
- CEO Thomas Line said the program will provide “crucial” mineralogical and structural information
- Shares have been trading 2 per cent lower at 4.9 cents at 4:10pm AEST
Taruga Minerals (TAR) has reportedly kicked off diamond drilling at the Wyacca Prospect within the Mt Craig Copper Project based in South Australia.
The aim of the 500-metre drilling program is to investigate the copper mineralisation at Wyacca and the information garnered will assist drill targeting and project growth moving forward.
TAR has organised to conduct the work between the Wyacca and Morgan’s Creek Prospect.
A drill rig has begun work on the first hole at Worrumba 19 and is targeting high-grade chalcopyrite-bornite dominant copper mineralisation.
The company said previous drilling results from this area include 11 metres at 1.5 per cent copper and seven metres at 1.8 per cent.
Once drilling is complete at Worrumba, the drill rig will move 900 metres along
strike to Powder Hill to target chalcocite dominant mineralisation in the supergene zone, where recent drilling returned results up to five metres at 2.4 per cent copper.
From there, the rig is scheduled to test Morgan’s Creek and the diamond core collected will be used for mineralogical and potentially metallurgical assessment of the mineralisation.
CEO Thomas Line said the program will provide “crucial” mineralogical and structural information.
“Drilling at Morgan’s Creek will provide mineralogical, metallurgical and structural information regarding the diverse basket of base metals, rare earth elements, and other battery minerals recently identified at the prospect.”
Shares were trading 2 per cent lower at 4.9 cents at 4:10pm AEST.