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Taruga Minerals Limited (ASX:TAR)

ALERT: Price-sensitive ASX Announcement for TAR
Current share price for TAR : $0.020 0.005 (33.33%)+
Announcement
Release
18 Dec 2025 9:25AM
Price at Release
$0.015
Full Release
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Summary
Taruga Minerals Limited has been actively exploring the Gwamogwamo Gold-Copper Prospect, part of the East Normanby project in Papua New Guinea. This prospect is noted for its significant gold and copper mineralization, derived from metamorphosed volcanic and sedimentary rocks. Historical exploration has shown significant results, with one notable trench (1B) showing an intercept with high gold and copper concentrations. Rock chip sampling has also revealed high values. Moving forward, the company plans further validation of historical data and enhancement of geochemical datasets to refine exploration efforts.
Key Points
  • The Gwamogwamo Gold-Copper Prospect is part of the East Normanby project in Papua New Guinea.
  • The prospect is characterized by gold and copper system derived from gossans and sulphides within metamorphosed rocks.
  • Historical exploration identified significant trench sampling results with high gold and copper concentrations.
  • Trench 1B yielded an intercept of 68m @ 1.4g/t Au and 0.66% Cu.
  • Additional rock chip samples showed high values, such as 12.4g/t Au and 4.8% Cu.
  • Future exploration plans include validating existing data with modern GPS and enhancing geochemical datasets.
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.