Taruga Minerals Secures Key Licences to Advance Drilling at the Weioko Gold District
Taruga Minerals Limited (ASX: TAR) has achieved a major exploration milestone after receiving formal grant approval for Exploration Licences EL2830 and EL2831 at its East Normanby Gold Project in Papua New Guinea. The approvals secure 488km² of granted tenure across the Weioko Gold District, including the core Weioko Gold Deposit and surrounding prospects such as Lataona Hill, Sipupu and Wenasia. The milestone clears the pathway for the Company’s maiden drilling campaign at Weioko, where historical drilling focused primarily on shallow mineralisation and several holes ended in gold mineralisation, leaving extensions at depth and along strike largely untested. Recent geological interpretations have also identified potential parallel mineralised structures that remain undrilled. Regional exploration programs, including mapping, rock-chip sampling and stream sediment surveys, continue to support target generation across the broader 8km-long gold district. In a further show of confidence, directors and the company secretary exercised options, contributing approximately AU$494,007 in additional funding to support ongoing exploration activities.
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 Secures Key Licences to Advance Drilling at the Weioko Gold District
Taruga Minerals Limited (ASX: TAR) has achieved a major exploration milestone after receiving formal grant approval for Exploration Licences EL2830 and EL2831 at its East Normanby Gold Project in Papua New Guinea. The approvals secure 488km² of granted tenure across the Weioko Gold District, including the core Weioko Gold Deposit and surrounding prospects such as Lataona Hill, Sipupu and Wenasia. The milestone clears the pathway for the Company’s maiden drilling campaign at Weioko, where historical drilling focused primarily on shallow mineralisation and several holes ended in gold mineralisation, leaving extensions at depth and along strike largely untested. Recent geological interpretations have also identified potential parallel mineralised structures that remain undrilled. Regional exploration programs, including mapping, rock-chip sampling and stream sediment surveys, continue to support target generation across the broader 8km-long gold district. In a further show of confidence, directors and the company secretary exercised options, contributing approximately AU$494,007 in additional funding to support ongoing exploration activities.
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