Tolu Minerals (ASX:TOK) exploration update

Tolu Minerals Limited (ASX:TOK) has announced plans for fieldwork, including surface trenching and drilling, in the next 12 months to test a number of nearby gold prospects at Tolukuma on both ML 104 and EL 2531. The company aims to extend the mineral resource through significant strike extensions from historical ground-based 3DIP conductivity geophysical results, providing additional drill targets for planned near-term resource growth. The unmined deposits from underground drilling at Fundoot, Gulbadi Red & Mystery veins have an Inferred Mineral Resource of 133 koz gold.

Executive commentary on exploration plans

The Managing Director and CEO of Tolu Minerals Ltd. expressed satisfaction with the grades and widths of the intercepts, highlighting the potential continuity of the known high-grade epithermal system at Tolukuma. The company's exploration program aims to target a significant growth in the Mineral Resource, focusing on the opportunities afforded by both Miliahamba-Kundu and Taula, and associated mineralized structures. Further details of the exploration program will be announced shortly.

Summary of Tolu Minerals' exploration update

Tolu Minerals Ltd. plans to conduct fieldwork, including surface trenching and drilling, in the next 12 months to test nearby gold prospects at Tolukuma. The company aims to extend the mineral resource through significant strike extensions from historical ground-based 3DIP conductivity geophysical results, providing additional drill targets for planned near-term resource growth. The Managing Director and CEO expressed satisfaction with the exploration activities and highlighted the potential continuity of the known high-grade epithermal system at Tolukuma. Tolu Minerals has developed an Exploration Target of 2 to 3 Moz Au grading 8 to 11 g/t Au based on the MRE tonnes and grades, extension of the Tolukuma vein system 2km to the South Southeast, and grades from various prospects. The company's exploration program aims to target a significant growth in the Mineral Resource, focusing on the opportunities afforded by both Miliahamba-Kundu and Taula, and associated mineralized structures. The announcement indicates the company's commitment to further exploration and potential expansion of the Tolukuma Mine.