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TechGen Metals (ASX: $TG1) expands portfolio with new WA high-grade copper & gold project

TechGen Metals expands portfolio with new high-grade copper & gold project in WA


TechGen Metals Limited (ASX: $TG1) has announced the expansion of its portfolio with the inclusion of a highly prospective copper and gold project in Western Australia. The Blue Devil Project, located 45km east northeast of Halls Creek, WA, has shown previous rock chip peak values of 50.5% Cu, 6.9g/t Au & 53g/t Ag, with exceptional historical geochemistry and mapping database. The project, which has seen limited previous drilling, presents significant potential for high-grade copper-gold occurrences and is set to undergo modern heliborne geophysics to identify conductors for future drill testing.

TechGen's Managing Director, Ashley Hood, on the new project


TechGen's Managing Director, Ashley Hood, expressed delight at the addition of the Blue Devil (& Copper Springs) copper projects to the company's portfolio. Hood highlighted the exceptional quality of the new assets, particularly in the style of mineralisation targets, geology, and the quality of previous work. He emphasized the potential for further advancement, especially with the anticipated modern heliborne geophysics to identify robust bedrock conductors for ideal walk-up drilling targets. Hood also mentioned the ongoing RC drilling program at the Ida Valley Lithium-Gold Project, with assay results expected in approximately four weeks, and assured stakeholders of the company's commitment to keeping them updated with the latest news and results.

Summary of TechGen Metals' expansion and outlook


TechGen Metals' expansion of its portfolio with the Blue Devil Project in Western Australia marks a significant move towards exploring and developing high-grade copper and gold projects. The project's previous rock chip samples have shown exceptional copper and gold grades, with limited previous drilling, presenting a substantial opportunity for the company. The planned modern heliborne geophysics program is expected to identify conductors for future drill testing, further enhancing the project's potential. With ongoing RC drilling at the Ida Valley Lithium-Gold Project and the addition of the Blue Devil Project, TechGen Metals is poised for further exploration and development in highly prospective geological regions in WA, aligning with the company's primary focus on lithium, gold, and copper projects. The company remains committed to keeping stakeholders informed as new data and news becomes available, reflecting its dedication to transparency and communication.

TECHGEN METALS LTD
TG1 | ASX | Materials
0.0310.002(+6.9%)
At close 05/07 (AEDT)
Market cap
$3.7M
Volume
163,166
DY Yield
0
PE Ratio
0
52 Week Range
0.02 - 0.13
1YR Return
N / A

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