- TechGen Metals (TG1) discovers a broad zone of mineralisation at its John Bull project in NSW
- The company has finished a maiden reverse circulation drilling program which returned grades higher than one gram of gold per tonne (g/t gold) in all seven holes
- Wide intersections include 94 metres at 0.95 g/t gold from four metres including 66 metres at 1.14 g/t gold from 109 metres
- TechGen Managing Director Ashley Hood says this “amazing asset” has significant upside potential, and the company is planning further exploration in the area
- TechGen Metals is down 2.44 per cent to 20 cents per share at 1:41 pm AEST
TechGen Metals (TG1) has confirmed a gold discovery at its John Bull project in New South Wales.
The company recently completed a reverse circulation (RC) drilling program in the area, which included seven holes and was the first drilling ever to be completed at the project.
Drilling highlighted a broad zone of mineralisation with high-grade results, and mineralisation remains open in all directions.
TechGen said all seven holes returned intercepts grading higher than one gram per tonne (g/t) gold.
Intercepts include 68 metres at one g/t gold from surface in one hole and 94 metres at 0.95 g/t gold from four metres including 66 metres at 1.14 g/t gold from 109 metres in another.
“This is exactly what we hoped for: another exceptionally broad zone of mineralisation with higher-grade intercepts,” TechGen Managing Director Ashley Hood said.
“This amazing asset now has serious upside! Mineralisation is open in all directions, and given the scale of the 1940s sluicing and the shafts from the mid-1880s spread across hundreds of metres, John Bull could turn into a beast.”
TechGen plans to conduct follow-up exploration in the area to assess the size potential of the mineralised system and explore other areas of the project.
TechGen Metals was down 2.44 per cent to 20 cents per share at 1:41 pm AEST