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Highlights

  • Taruga initiates exploration activities at the Thowagee project in Western Australia.
  • The company undertakes mapping and sampling of historical mining sites at Thowagee.
  • Exploration focuses on verifying mineralisation and expanding the project's potential.

Taruga Minerals Limited (ASX: TAR) has officially begun its exploration activities at the Thowagee Project, situated in Western Australia's Northern Gascoyne region. This project is part of Taruga’s broader portfolio, which spans over 416.5 square kilometers of contiguous land. The Thowagee area includes two historical mining sites—Thowagee Mine and Thowagee Bore—that are known for high-grade polymetallic mineralisation in outcropping veins and gossans.

The current phase of exploration includes comprehensive fieldwork, including mapping and sampling of the historical workings and surrounding areas. Initial reconnaissance has already identified several significant historical sites, extending beyond previous reports, which may offer new insights into the area's mineral potential.

In addition to the fieldwork, Taruga is utilising advanced geophysical datasets such as radiometrics, VTEM, magnetics, and bedrock maps to enhance their understanding of the mineralisation at Thowagee. The aim is to trace the host shear extents and assess the full extent of the mineral deposits in the region.

Taruga’s exploration efforts at Thowagee are guided by an option agreement with Western Silver Pty Ltd, which gives the company the right to acquire 100% of the Thowagee tenement (E 08/3245) by paying an initial $15,000 for a six-month exclusive option. If successful, Taruga will proceed with an acquisition of the tenement through the issuance of shares valued at $85,000, based on the 14-day VWAP prior to settlement.