Join our daily newsletter At The Bell to receive exclusive market insights
- TechGen Metals (TG1) has begun a large soil sampling program at its Ida Valley Gold Project in Western Australia
- The company will collect roughly 1100 samples from areas where previous soil and rock chip sampling identified gold anomalism
- This sampling program is estimated to take two weeks to complete with assay results expected shortly after
- TechGen has ended the day 2.27 per cent in the green with shares trading at 22.5 cents
TechGen Metals (TG1) has begun a large soil sampling program at its Ida Valley Gold Project in Western Australia.
The Ida Valley Project lies 80 kilometres northwest of Leonora and has up to 30 kilometres of prospective strike extent.
TechGen will collect roughly 1100 samples from areas where previous soil and rock chip sampling identified gold anomalism.
This sampling program is estimated to take two weeks to complete with assay results expected shortly after.
TechGen is also waiting on results from a recently completed reverse circulation (RC) drilling program with samples set to be assayed for gold and pathfinder elements.
“The project has continued to deliver encouraging geology at surface and back up within the recently completed inaugural RC drilling campaign,” Managing Director Ashley Hood commented.
“Given the early encouragement we have taken the earliest opportunity to step out our soil geochemistry sampling coverage both to the north and south of the previous identified anomalies whilst we await RC drilling assay results,” he added.
TechGen has ended the day 2.27 per cent in the green with shares trading at 22.5 cents in an $11.55 million market cap.
