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Taruga Minerals (ASX:TAR) - CEO, Thomas Line
CEO, Thomas Line
Source: Thomas Line / LinkedIn
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  • Taruga Minerals (TAR) begins a 2000-metre reverse circulation (RC) drilling program at the Morgan’s Creek prospect in South Australia
  • Drilling will target Kipushi-Style and Burra-Style polymetallic mineralisation as well as critical metals and rare earth elements (REE)
  • Recent drilling at the Hydrothermal Hill prospect intersected chalcopyrite mineralisation as well as strong copper, lithium, cobalt, zinc and REE anomalism
  • Additionally, the New Burra prospect consists of highly reactive dolomites, which is favourable for economic metal deposition
  • Shares in Taruga are up 2.04 per cent and are trading at five cents

Taruga Minerals (TAR) has begun a 2000-metre reverse circulation (RC) drilling program at the Morgan’s Creek prospect.

Morgan’s Creek is part of the Mt Craig Copper Project (MCCP) which is situated within the Adelaide Geosyncline in South Australia.

RC drilling will target Kipushi-Style and Burra-Style polymetallic mineralisation as well as critical metals and rare earth elements (REE).

Recent diamond drilling at the Hydrothermal Hill Prospect intersected chalcopyrite mineralisation within mafic-ultramafic intrusions.

This drilling intersected strong copper, lithium, cobalt, zinc and REE anomalism in rock chips and a large breccia system surrounding the area.

Assays from Hydrothermal Hill are pending and are expected to be reported in late December.

The New Burra prospect, which is a three-kilometre extension of Hydrothermal Hill, consists of highly reactive dolomites, which is favourable for economic metal deposition.

“We are seeing everything an exploration team would hope to see at Morgan’s Creek. Morgan’s Creek has an analogous geological setting as the giant Kipushi polymetallic deposit in the Central African Copperbelt, which boasts 40 million tonnes at 52 per cent zinc equivalent,” CEO Thomas Line said.

“The combination of strong geochemical anomalies with strong geophysical support, along with encouraging drill intercepts from recent RC and diamond drilling, has highlighted new priority drill targets at Morgan’s Creek that we are very excited to test.”

Shares in Taruga were up 2.04 per cent on the market and were trading at five cents at 3:18 pm AEDT.

TAR by the numbers
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