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Caravel Minerals (ASX:CVV) receives first copper results from Bindi
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  • Taruga Minerals (TAR) was up as much as 62.7 per cent today after recent drilling confirmed a high-grade copper discovery at the Wyacca Prospect in South Australia
  • Of the 30 holes drilled at Wyacca, all intercepted visible copper mineralisation while results for the first five have been received
  • Up to 9.5 per cent copper was identified and mineralisation now spans more than one kilometre in strike
  • Taruga is now in the process of planning a follow-up RC drilling program to extend the mineralised footprint along strike and down dip
  • Downhole electromagnetics and induced polarisation will also be carried out to better define the mineralisation
  • Shares in Taruga are still up a steady 59.3 per cent and are trading at 9.4 cents

Taruga Minerals (TAR) was up as much as 62.7 per cent today after recent drilling confirmed a high-grade copper discovery at the Wyacca Prospect.

The Wyacca Prospect is part of the Mt Craig Copper Project, which is situated within the Adelaide Geosyncline in South Australia.

Of the 30 holes drilled at Wyacca, all intercepted visible copper mineralisation while results for the first five have been received.

The best result comes from hole WCRC006 which intercepted five metres at 2.4 per cent copper from 17 metres including one metre at 9.5 per cent copper from 18 metres.

Additionally, results from this hole have extended the mineralised strike to more than one kilometre.

Other results include 11 metres at 1.5 per cent copper from 85 metres including one metre at 5.9 per cent copper from 85 metres, and seven metres at 1.8 per cent copper from 85 metres including two metres at 3.5 per cent copper from 88 metres.

Mineralisation at Wyacca remains open down dip and along strike.

"This high-grade copper discovery at Wyacca is further validation of the significant potential of Taruga's South Australian copper project," CEO Thomas Line commented.

"It is clear from the limited drilling results received to date that this unit hosts very high-grade copper mineralisation and that there is significant opportunity to identify further zones at these grades with further drilling," he added.

Taruga is now in the process of planning a follow-up RC drilling program to extend the mineralised footprint along strike and down dip.

Downhole electromagnetics and induced polarisation will also be carried out to better define the mineralisation.

Shares in Taruga are still up a steady 59.3 per cent and are trading at 9.4 cents at 11:18 am AEST.

TAR by the numbers
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