Taruga Minerals Advances PNG Exploration with Drill-Ready Gold and Copper Targets
Taruga Minerals Limited (ASX: TAR) reported strong exploration progress during the June 2026 quarter, advancing its Papua New Guinea portfolio toward drilling. The company secured exploration licences EL2830 and EL2831, providing full tenure over the Weioko Gold Deposit and surrounding prospects. This milestone clears the way for the first drilling campaign at Weioko since 2009, aimed at confirming historical high-grade gold intersections and testing extensions where previous drilling ended in mineralisation.
At the Kol Mountain Copper-Gold Project, Taruga executed a landowner agreement, completed a structural targeting study identifying 25 exploration targets, including seven high-priority prospects, and commenced its first field program. Early rock-chip sampling identified visible sulphide mineralisation, with laboratory assay results expected in mid-to-late August. Looking ahead, the company plans to begin drilling at Weioko, continue fieldwork across both projects, refine priority targets using integrated geological data, and maintain community engagement while progressing its broader exploration strategy.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Taruga Minerals Advances PNG Exploration with Drill-Ready Gold and Copper Targets
Taruga Minerals Limited (ASX: TAR) reported strong exploration progress during the June 2026 quarter, advancing its Papua New Guinea portfolio toward drilling. The company secured exploration licences EL2830 and EL2831, providing full tenure over the Weioko Gold Deposit and surrounding prospects. This milestone clears the way for the first drilling campaign at Weioko since 2009, aimed at confirming historical high-grade gold intersections and testing extensions where previous drilling ended in mineralisation.
At the Kol Mountain Copper-Gold Project, Taruga executed a landowner agreement, completed a structural targeting study identifying 25 exploration targets, including seven high-priority prospects, and commenced its first field program. Early rock-chip sampling identified visible sulphide mineralisation, with laboratory assay results expected in mid-to-late August. Looking ahead, the company plans to begin drilling at Weioko, continue fieldwork across both projects, refine priority targets using integrated geological data, and maintain community engagement while progressing its broader exploration strategy.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au