Copper Sulphides Confirmed at Mt Boggola, But Assay Results Will Decide Value

Drilling Progress and Initial Visual Results

TechGen Metals Limited has provided an update on its ongoing reverse circulation (RC) and diamond drilling program at the Mt Boggola Project in Western Australia. The project, spanning 458 square kilometres across four exploration licences, is situated within the Proterozoic-aged Ashburton and Edmund Basins, regions known for their mineral potential.

The company has completed two drill holes at the MB1 target and is currently drilling the third hole at the MB4 target. Notably, the third hole (MBDD003) has intersected widespread copper carbonate mineralisation, identified visually as malachite, alongside massive quartz veining within the first 90 metres of the RC pre-collar. This visual evidence suggests a robust copper system near surface, a promising sign for further exploration.

Confirming Sulphide Mineralisation at MB1

At the MB1 target, the second drill hole (MBDD002) has confirmed the presence of visible sulphides including pyrite, galena, and chalcopyrite within sedimentary rocks. These sulphides are associated with quartz-dolomite veining, validating the induced polarisation (IP) chargeability anomaly that initially guided the drilling. This confirmation is crucial as it supports the geophysical models and suggests that the IP targets are indeed mineralised zones.

Awaiting Assay Results and Future Potential

Samples from the RC pre-collars of all three drill holes have been dispatched to laboratories in Perth, with assay results expected within the next two weeks. The diamond core samples from the first two holes are undergoing detailed logging and preparation, with assays anticipated in approximately four weeks. These results will be pivotal in quantifying the grades of copper, gold, silver, and other elements such as antimony, which could significantly enhance the project's economic prospects.

TechGen’s Managing Director, Ashley Hood, expressed optimism about the drilling outcomes so far, highlighting the significance of intersecting primary copper and lead sulphide mineralisation at MB1. He also noted the unique coincidence of the MB4 target being a magnetic intrusion with a strong IP chargeability anomaly; a combination not previously drilled by major companies despite historical exploration in the region.

Strategic Importance of the MB4 Target

The MB4 target stands out as a potentially transformative discovery area. It is characterised by a coincident magnetic intrusion and IP chargeability high, with widespread malachite mineralisation intersected near surface. The presence of a magnetic halo above a regional magnetic intrusion, which has not been previously drilled, suggests a new frontier for TechGen within the Ashburton Basin. The company’s reference to the recent drill collar being established during the Blood Moon adds a memorable anecdote to this exploration milestone.

Surface geochemistry, including anomalous copper, arsenic, gold, and lead in soils and rock chips, further supports the prospectivity of the MB4 target. The ongoing drilling campaign aims to delineate the extent and grade of mineralisation, which could underpin a significant copper-gold discovery in this underexplored region.

Looking Ahead

With drilling continuing and assay results pending, TechGen Metals is poised to provide further updates that could reshape the understanding of mineralisation at Mt Boggola. The combination of geophysical anomalies, visual mineralisation, and upcoming assay data makes this a project to watch closely in the copper exploration space.