- TechGen Metals (TG1) records “highly prospective” results from a recent soil sampling program at the John Bull gold project in northern New South Wales
- Peak soil results from the program included 8.56 grams per tonne (g/t) gold with 38 soil samples returning more than 1 g/t gold
- TechGen has started step-out soil and rock chip sampling program to the north of the previous sampling, where the gold mineralisation remains open
- The company also plans to carry out a phase two drilling program at the project in the second quarter of this year
- TechGen shares are down 3.7 per cent, trading at 6.5 cents at 1:20 pm AEDT
TechGen Metals (TG1) has recorded “highly prospective” results from a recent soil sampling program carried out at the John Bull gold project in northern New South Wales.
Peak soil results from the program included 8.56 grams per tonne (g/t) gold with 38 soil samples returning more than 1 g/t gold.
Additionally, two broad zones of over 0.1 g/t soil gold anomalism were discovered.
“We are exceptionally pleased that the results of our exploration activities are continually demonstrating the prospectivity of this great project…” TechGen Technical Director Andrew Jones commented.
The company also announced it began further soil and rock chip sampling to the north of the previous efforts, where the gold mineralisation remains open.
“…we are excited about the current soil and rock chip sampling program underway to test the potential strike extent as well as our phase two drill program with the aim of further confirming the potential of this project, with RC drilling and a maiden diamond drill hole to test the contact of the recently confirmed monzonite intrusive system for the source of gold mineralisation,” Mr Jones added.
“Stage two drilling program will step out from the previous exciting drill results which included 68 metres at 1.0 g/t Au and 66 metres at 1.14 g/t gold from a seven-hole program.”
The company is planning to begin the drilling program in the second quarter of this year, subject to permit approvals.
The John Bull project covers two exploration licences, one owned by TechGen, and the other by private owners. TechGen has an option to acquire a 90 per cent interest in the second exploration licence.
TechGen shares were down 3.7 per cent, trading at 6.5 cents at 1:20 pm AEDT.