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Taruga Minerals Ltd.
Summary
| Project: | Kamilombe | |
|---|---|---|
| Deposit: | Kamilombe | |
| Location: | Democratic Republic Of The Congo | |
| Commodities: | Cobalt-Copper | |
| Date: | 7/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-7-2018: Taruga Minerals Ltd. announces an Exploration/Drilling Update report for its Kamilombe deposit at the Kamilombe project. Drilling results incl. 31.21m @ 0.52% Co from 33.1m. Taruga Minerals Limited (ASX: TAR, Taruga or the Company) has received | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Gasson (Internal) | |
| ABSTRACT: | Taruga Minerals Limited (ASX: TAR, Taruga or the Company) has received results for the first diamond hole drilled at Kamilombe. Due diligence drilling has been completed at Kamilombe (totalling 999.3m) and the final hole at Mwilu will be completed during the week. A total of 1,322 half core samples from the remaining 4 diamond holes from Kamilombe and 3 holes from Mwilu have been submitted to ALS Global’s assay facility in Johannesburg, South Africa, with first results expected within the next few weeks. The remaining samples from Mwilu, except for the current hole being drilled, have been submitted to ALS Global’s sample prep facility in Lubumbashi, DRC. The Consortium of Mint-Master and the Government of Lualaba Province have agreed to extend the due diligence period to 30 September to ensure that all results have been received to enable the Company to make a decision to continue with the joint venture on the basis of drill results. Taruga’s Executive Director, Mark Gasson, commented: “Given the limited data received from KCC/Gecamines, including not knowing aggregation methods or assay methodologies used for reported grades, we are very pleased with the highly significant cobalt results received for KMDD001. The results confirm the potential to discover significant high grade cobalt mineralisation at the Kamilombe Project. Historic results at Kamilombe also indicated that mineralisation was limited to specific stratigraphic units, however Taruga’s drilling has defined mineralisation outside of these units, including one not previously reported copper zone of 24.5m at 1.22% Cu. We are very excited about the near surface cobalt mineralisation observed in the field and drill core, and eagerly await results from drill samples currently in the laboratory. The identified mineralisation has excellent potential to support early, near surface cobalt production which will benefit from current cobalt prices.” | |
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