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Taruga Minerals Limited (ASX:TAR)

ALERT: Price-sensitive ASX Announcement for TAR
Current share price for TAR : $0.019 -0.001 (-5%)+
Announcement
Release
2 Jul 2026 9:02AM
Price at Release
$0.020
Full Release
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Summary
Taruga Minerals Limited announced promising assay results confirming the existence of a large-scale epithermal gold system across the northern Weioko corridor, specifically at Lataona Hill and Sipupu. The assays reveal high-grade centers and classic low-sulphidation epithermal textures, indicative of significant gold-silver mineralization. Having secured 488km2 of tenure and an 8km stretch for exploration, Taruga is proceeding with its maiden drill program and plans further exploration to uncover upstream mineralization sources. The company is also working towards exploratory drilling at the Kol Mountain project.
Key Points
  • The northern Weioko assay results confirm a large-scale epithermal gold system across the Weioko corridor with multiple high-grade centers emerging at Lataona Hill and Sipupu.
  • Taruga Minerals has been granted 488km2 of tenure, with an 8km belt being targeted for exploration in the second half of 2026.
  • Geochemical pathfinder suite at Lataona Hill and Sipupu shows classic low-sulphidation epithermal textures, indicative of a structurally controlled gold-silver system.
  • Rock chip assays from the region show significant gold and silver values, with standout results like 3.2g/t Au & 22g/t Ag at Sipupu.
  • The exploration at the Weioko Gold Deposit includes historical trenching and drill intercepts that suggest a high-grade target beneath.
  • Taruga plans to extend exploration into unexplored upstream areas with the potential for additional gold and silver discoveries.
  • The company is advancing exploration towards maiden drilling at Weioko and defining structural targets at Kol Mountain.
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.