TechGen’s scored a new gold belt at Ida Valley
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TechGen’s belief in the gold prospectivity of its Ida Valley project in WA has been validated with its first drill program returning significant assay results.
Notable results include 4m grading 4.02 grams per tonne (g/t) gold from 40m within a broader zone of 8m at 2.3g/t gold from 36m in IVRC003; and a broad zone of 36m at 0.95g/t gold from 52m including 4m at 2.63g/t gold from 84m in IVRC002.
TechGen Metals (ASX:TG1) noted the multiple mineralised zones were intersected by the drill program while multiple geochemical targets remain to be tested.
Gold mineralisation intersected in the program remains open at depth and along strike while a +1km long soil gold anomaly located to the south remains to be drill tested.
It has also completed a soil sampling program that targets gold and pathfinder elements to the north and south of previously identified surface gold anomalism.
“We are pleased to have discovered a new gold mineralised greenstone belt in between two highly mineralised regions in the heart of Western Australia’s goldfields,” managing director Ashley Hood said.
He added that the results open up exciting new growth opportunities and delivered new target horizons as the company’s technical team continued its approach of simultaneously exploring and evaluating its project pipeline.
TechGen is now planning diamond and reverse circulation drilling at the Ida Valley gold project northwest of Leonora.
It has also applied for an additional exploration licence along strike from the identified gold mineralisation that provides additional similar scale magnetic anomalies adjacent to and cross-cutting the Ballard Fault, which will give it complete control of the new gold belt.
This article was developed in collaboration with TechGen, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.