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viewTaruga Minerals Ltd

Taruga Gold to outline capital raising details

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African-focussed Taruga Gold (ASX:TAR) has recently been undertaking logical mapping and geochemical sampling at the Nangalasso Project in Mali.

Active artisanal mining continues in the Sotian concession with the area of workings now exceeding 1,200m x 1,100m area.

Taruga has also identified additional artisanal workings within the Nangalasso concession, with the workings highlighting an extensive gold mineralised structure for initial drill testing.

The company also has interests in the Cote d’Ivoire.

Taruga in now heading to market with a capital raising. The ASX has granted the company a trading halt, with its shares placed in pre-open.

The halt will remain in place until the opening of trade on Wednesday 27th August 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Taruga Minerals Ltd

Price: 0.061 AUD

ASX:TAR
Market: ASX
Market Cap: $27.89 m
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