Mt Boggola Project Expands: Two New IP Targets Show Strong Copper-Gold Potential
TechGen Metals has expanded its exploration footprint at the Mt Boggola Project with two new high-potential copper-gold targets identified through a second stage IP survey. The company is poised to commence drilling pending final approvals.
- Second stage IP survey adds MB3 and MB4 targets to existing MB1 and MB2
- High-grade copper and gold rock chip samples support geophysical anomalies
- MB4 target coincides with a magnetic intrusion, suggesting a mineralisation source
- Previous drilling did not reach depths of new IP targets, leaving potential untested
- Drilling planned to start this year pending heritage and regulatory approvals
Expanding the Mt Boggola Prospect
TechGen Metals Limited has announced a significant advancement in its exploration program at the Mt Boggola Project in Western Australia. Following a successful second stage induced polarisation (IP) geophysical survey, the company has identified two new high chargeability targets, MB3 and MB4, complementing the previously discovered MB1 and MB2 anomalies. These targets are located within a region known for shear zone hosted and intrusive-related copper-gold-antimony mineralisation, a style that has attracted major mining companies in the past.
Geophysical and Geochemical Evidence
The new IP targets MB3 and MB4 exhibit chargeability levels nearly three times above background, indicating potential zones of sulphide mineralisation. Notably, MB4 is partly coincident with a strongly magnetic circular intrusion, which is interpreted as a likely source of mineralisation. Surface rock chip sampling has returned impressive copper grades up to 43.1% and gold assays reaching 7.31 grams per tonne, reinforcing the prospectivity of these targets. The spatial correlation between geophysical anomalies and geochemical signatures strengthens the case for meaningful mineral deposits.
Historical Context and Untested Potential
Previous exploration by industry leaders such as Newcrest Mining and Northern Star Resources laid the groundwork by outlining copper and gold soil anomalies and conducting drilling programs. However, the earlier drill holes, particularly in the MB3 area, did not reach the depths indicated by the new IP survey, leaving these promising targets effectively untested. This gap presents an opportunity for TechGen to potentially discover primary mineralisation that was previously overlooked.
Next Steps and Market Implications
TechGen’s Managing Director, Ashley Hood, highlighted the company’s progress in understanding the geological setting, including the magnetic intrusive body and associated shear structures. The company is currently awaiting heritage survey completion and drilling approvals from the Department of Mines, Petroleum and Exploration, with plans to commence drilling before year-end. Successful drill results could significantly enhance the project’s value and attract further investment interest.
Broader Significance
The Mt Boggola Project’s location within the Proterozoic-aged Ashburton and Edmund Basins places it in a geologically favourable setting for copper and gold mineralisation. TechGen’s methodical approach, combining modern geophysical techniques with targeted geochemical sampling, exemplifies how junior explorers can unlock value in historically explored regions. The forthcoming drilling campaign will be critical to confirming the extent and grade of mineralisation at these newly identified targets.
Bottom Line?
With drilling imminent, TechGen’s Mt Boggola targets could soon reveal whether these geophysical anomalies translate into economically viable mineral deposits.
Questions in the middle?
- Will drilling confirm the presence of primary copper and gold mineralisation at MB3 and MB4?
- How might the magnetic intrusion at MB4 influence the size and grade of the deposit?
- What are the timelines and potential risks associated with heritage and regulatory approvals?
