Taruga Minerals hits high-grade silver at Thowagee project

• Taruga Minerals flags 170g/t silver hit from rock chip sampling at Thowagee project
• Project hosts numerous historical satellite mines
• Company targeting mineralisation along strike

Special Report: Taruga Minerals says rock chip results from its Thowagee project in WA have returned the highest silver result to date of 170g/t.

Thowagee includes two sites of historic mining (Thowagee Mine and Thowagee Bore) with high-grade polymetallic mineralisation occurring in outcropping veins and gossans.

Apart from returning the highest silver hit to date, the rock chip sampling from satellite historical miner workings has also extended the strike, now extending over 900m along a north-northeast trend and over 1000m along a north-northwest direction

Best results include:

• 12.2% lead, 170g/t silver, 0.7% zinc
• 13.0% lead, 102g/t silver
• 13.4% lead, 69g/t silver, 0.6% zinc
• 11.4% lead, 81g/t silver, and;
• 11.1% lead, 117g/t silver

The results build on previous assays which had already confirmed an outcropping high-grade lead and silver system at Thowagee, and Taruga Minerals (ASX:TAR) expects to receive additional assay results from soil sampling in the coming weeks.

Looking beyond historical workings

Exploration at Thowagee has now been expanded to include mapping, rock and soil geochemical sampling programs.

“Importantly, the highest-grade silver result to date is another example of mineralisation occurring as a halo to the main quartz vein system that was the focus for historical small-scale mining,” director David Chapman said.

“Rock chip THRK023 (12.2% Pb, 170 g/t Ag, 0.7% Zn) is a darker altered vein sample, which is similar to previously released schist wallrock sample THRK015 (12.9% Pb, 103g/t Ag, 0.8% Zn, 0.9g/t Au) in exhibiting a more fine-grained sulphide style than the mineralised quartz first identified in workings.

“Further work is ongoing to understand the extent of the halo mineralisation found surrounding the main historical workings quartz focus – and its impact on potential scale to the project.”

In addition, TAR has issued the vendors of the project with an option exercise notice to acquire 100% ownership of Thowagee.

The company says this acquisition complements the existing Taruga application portfolio, which now consists of 416.5km2 of contiguous acreage in the Northern Gascoyne province of WA.

This article was developed in collaboration with Taruga Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.