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Taruga Minerals Limited (ASX:TAR)

ALERT: Price-sensitive ASX Announcement for TAR
Current share price for TAR : $0.016 -0.002 (-11.11%)+
Announcement
Release
13 Jan 2026 8:25AM
Price at Release
$0.018
Full Release
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Summary
Taruga Minerals Limited announced significant assay results from rock chip sampling in the Weioko gold district, part of the East Normanby Project in Papua New Guinea. The highlights include a high-grade gold system with samples showing up to 23.2 g/t Au. The company has entered a 12-month option agreement to acquire 100% of the East Normanby and Kol Mountain projects. The Weioko gold district spans an 8 km trend, noted for its high-grade rock outcrops and extensive mineralisation in both soils and streams. Taruga plans further exploration and drilling to delineate the mineralisation and enhance existing datasets.
Key Points
  • Taruga Minerals entered into a 12-month option agreement for 100% acquisition of two projects in PNG.
  • New rock chip assay results indicate high-grade gold in the Weioko gold district.
  • Weioko gold district features an 8 km gold trend with high mineralisation potential.
  • Significant gold grades include 23.2 g/t and 13.1 g/t Au from samples W1003 and W1001.
  • Upcoming exploration includes geochemical sampling and geophysical surveys to identify drill targets.
  • Historical drilling at Weioko shows substantial gold intersections.
  • Taruga is preparing for comprehensive exploration activities in Q1 2026.
  • The company's exploration results are managed by a competent person as per JORC standards.
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.