Taruga Gold has acquired the highly prospective SLAM project located in southern Mali, increasing its landholding to over 830km2.
“The acquisition of the SLAM project continues our focus on obtaining excellent ground holdings in highly prospective terrains for minimum cost. This allows us to focus our expenditure on high priority targets maximizing our chance for discovery,” Taruga’s Managing Director Bernard Aylward said.
Taruga will acquire 100% of the project from Newmont Ventures who completed initial geochemical sampling that defined highly anomalous zones for initial drill testing, reporting extensive geochemical anomalies up to 6.4g/t gold with numerous +1g/t gold samples defining high-priority anomalous zones.
“The SLAM project complements our existing Nangalasso and Diendo project in southern Mali where we now have secured a very exciting landholding in excess of 830km2. Our existing administration and geological team will be able to rapidly explore the SLAM project in conjunction with our existing field campaign. We have commenced field reconnaissance at the SLAM project and will continue exploration when our current program at Nangalasso is complete,” said Aylward.
As part of the acquisition Taruga will receive the full geological data package, including all available GIS information, geophysical data and images, geochemical data and geological information. At the SLAM project, Taruga has commenced field reconnaissance and mapping. Taruga intends to undertake reconnaissance drilling to test the surface anomalous zones following a program of check sampling and infill definition. The key anomalies identified for initial exploration are located within the Djelibani and Djelibani Sud concessions.
Source: Taruga Gold. For more information, click here.