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Taiton Resources Limited (ASX:T88)

ALERT: Price-sensitive ASX Announcement for T88
Current share price for T88 : $0.037 -0.013 (-26%)+
Announcement
Release
24 Jun 2026 8:52AM
Price at Release
$0.050
Full Release
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Summary
Taiton Resources Limited announced the completion of assays from the Yogi prospect of the Highway project, revealing a hydrothermal system with potential for gold mineralisation. Drilling encountered altered basaltic volcanic rocks, explaining a gravity anomaly not related to IOCG-type mineralisation. Rather, this anomaly is attributed to dense basalt sequences. Noteworthy are pathfinder elements indicating a fertile hydrothermal system, possibly linked to intrusions from Hiltaba Suite Granite. Future exploration at Yogi will further target gold potential through comprehensive litho-structural studies and soil sampling, focusing on minimally explored zones.
Key Points
  • All assay results from the Yogi submitted samples have been received.
  • A broad hydrothermal system with potential gold mineralisation was identified.
  • Drilling intersected basaltic volcanic rocks with chlorite-carbonate alteration.
  • The gravity anomaly at Yogi is due to a sequence of dense basalt, not IOCG-type mineralisation.
  • Pathfinder elements indicate a fertile hydrothermal system and an intrusion-related mineralising source.
  • Future exploration will focus on identifying gold targets within the Yogi prospect area.
  • Exploration includes additional litho-structural interpretation and soil sampling.
  • The Highway project consists of several tenements, overlapping a Native Title area and the Woomera Prohibited Area.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.