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TechGen Metals (ASX:TG1) is testing a high-chargeability IP target with a new drilling campaign underway at the Mt Boggola project in Western Australia. The target features surface soil and rock chip copper and gold anomalism, and will be examined by reverse circulation pre-collars with diamond core tails.
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The company’s managing director, Ashley Hood, said TechGen remains fully funded for its exploration programs across four core projects in CY26, with priority targets MB1 to MB4 be drill tested as part of the drilling program.
“Exploration has identified four high-priority targets that we are looking forward to drill testing,” he told shareholders. “All four targets have high IP chargeabilities, with target MB4 also being coincident with a magnetic intrusion. All targets have surface soil and rock chip copper and gold anomalism.”
The planned drilling program starting early this year will be utilising a multi-purpose drill rig capable of RC and diamond core drilling.
Target MB1 has chargeability levels greater than three times background, with the chargeability target corresponding to a resistivity low zone and 2D and 3D inversion modelling. Study results suggest a relatively shallow depth from surface to the top of the anomalism of 75 metres to 100 metres.
Target MB2 looks to correspond with a contact zone between low and high-resistivity basement units. The MB2 target is partly coincident with a magnetic unit. The 2D and 3D inversion modelling results suggest a relatively shallow depth from surface to the top of the anomalism of 100 metres to 125 metres.
Target MB3 also corresponds to a low-resistivity zone. The 2D/3D inversion modelling suggests a relatively shallow depth from surface to the top of the anomalism of 100-150m.
MB4 also corresponds to a resistivity high zone and is partly coincident with a magnetic intrusion with low magnetic susceptibility. 2D/3D inversion modelling suggests a relatively shallow depth from surface to the top of the anomalism of 150-175m.
Newcrest previously drilled close to the MB1 and MB2 targets, but didn’t intersect the current IP targets; a number of holes fell ~50m short.
TG1 is steady at 5.9c today.
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