Mt Boggola Drilling Progress Raises Questions on Resource Potential and Next Steps

Drilling Progress at Mt Boggola

TechGen Metals Limited has reported significant progress in its exploration efforts at the Mt Boggola Project in Western Australia. The company has completed its first drill hole, MBDD001, at the MB1 target, reaching a depth of 225.6 metres. This hole combined reverse circulation (RC) drilling to 90 metres with diamond core drilling to the final depth, providing a comprehensive geological profile of the target area.

Visual inspection of the drill core revealed the presence of copper carbonate (malachite) and a suite of sulphide minerals including pyrite, arsenopyrite, galena, and chalcopyrite. These observations confirm that the induced polarisation (IP) chargeability anomaly targeted by the drilling is indeed mineralised, supporting the prospectivity of the MB1 target.

Geological Context and Targeting

The Mt Boggola Project is situated within the Proterozoic-aged Ashburton and Edmund Basins, a region known for its mineral potential. TechGen holds exploration licences covering 458 square kilometres, with four high-priority IP chargeability targets identified; MB1 through MB4. The MB4 target is particularly notable for coinciding with a magnetic intrusion, which may be a source of mineralisation in the area.

Surface geochemical anomalies and rock chip samples exhibiting elevated copper, gold, antimony, and lead further underpin the exploration targets. The MB1 target, where drilling is currently focused, shows chargeability levels more than three times background, indicating a strong geophysical signature consistent with mineralisation.

Next Steps and Market Implications

While assay results from MBDD001 are still pending, the company has commenced drilling a second hole, MBDD002, at the MB1 target. This hole is planned to reach 400 metres and is designed to test the mineralisation from a different orientation and location, potentially providing a more complete understanding of the deposit geometry.

TechGen’s Managing Director, Ashley Hood, expressed satisfaction with the drilling progress and looks forward to updating the market as further results become available. The ongoing work at Mt Boggola could significantly enhance the company’s resource base if assays confirm the visual indications of copper and associated metals.

Investors and analysts will be watching closely for assay data and subsequent drilling results, which will be critical in assessing the economic potential of the project and guiding future exploration and development decisions.