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TechGen Metals (ASX:TG1) has intersected widespread visible copper carbonate mineralisation in the early stages of a reverse circulation and diamond drilling campaign at the Mt Boggola project in Western Australia.
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Highlights to date have come from hole three, which intersected widespread copper mineralisation and massive quartz veining within the 90m RC pre-collar.
That particular hole, targeting a coincident magnetic intrusion and induced polarisation (IP) chargeability high, hit copper mineralisation over approximately two metres, eight metres, 22 metres, and 62 metres.
The company is now awaiting assays for gold and silver in these mineralised zones.
A second drill hole intersected visible sulphides and quartz-dolomite veining within sedimentary rocks, confirming mineralisation at the MB1 IP chargeability target.
RC pre-collar samples from all three holes drilled to date are now at the assay laboratory, with results expected within the next two weeks.
Drill core from two completed drill holes is in Perth for detailed logging, cutting and assaying are expected early next month.
“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,” MD, Ashley Hood, said.
“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.”
Techgen has moved the drill rig approximately 1.3 kilometres southwest to test target MB4.
“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,” Mr Hood explained.
He continued: “Historically, this intrusion has never been drilled by previous major companies who have held the project, however Newcrest did in 1991 clear a track to the base of the intrusion, the current location of the current diamond drill hole MBDD003, with an old drill peg still at the location.
“The area is logistically challenging to get to and may explain why drilling didn’t occur at MB4, however Newcrest did complete shallow drilling at other locations in the immediate area, including MB1.”
TG1 is up +1.61% at 6.3c today.
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