Taruga Gold (ASX: TAR) has received additional historical drilling data from the Kossa Project in Niger, West Africa, with results of up to 1 metre at 278.8 grams per tonne (g/t) gold.
The new data, recently recovered from the Niger Ministry of Mines, comes from drilling by Orezone Gold Corporation (TSX: ORE) between 2005 and 2008 and includes intercepts of:
- 1 metre at 278.8g/t gold from 70 metres;
- 1 metre at 8.96g/t gold from 49 metres; and
- 1 metre at 7.77g/t gold from 62 metres.
Taruga has identified the gold mineralised trend as a high priority target, with surface geochemistry, artisanal workings and wide-spaced reconnaissance drilling defining a zone more than 10 kilometres long.
The newly recovered results have identified multiple gold mineralised targets over the 10 kilometre trend, which remains open along strike.
An extensive program is underway at Kossa to define and extend known gold mineralised zones, using a combination of reverse circulation and aircore drilling and extensive auger geochemical sampling.
The Kossa project, which covers 970 square kilometres of granted licences, is the company’s lead project and lies adjacent to IAMGold’s (TSX: IMG, NYSE: IAG) 5 million ounce Essakane gold mine.
Newly minted gold company
Taruga Gold hit the boards of the ASX on February 7, following a successful IPO which offered up to 37.5 million shares at A$0.20 per share to raise up to $7.5 million.
The company is focused on gold in West Africa, with its assets including the Kossa Project in Niger, the Ducie Project in northwest Ghana and the Mangkono and Tortiya projects in Cote d’Ivoire.
All of the projects are located within the well-endowed, highly prospective Birimian Greenstone Belts.