Trigg Minerals Limited (ASX: $TMG) is pleased to report on its activities during the March 2024 Quarter. The company identified multiple epithermal gold targets at the Drummond Basin Project, Queensland, and completed the acquisition of four new license areas comprising 431km2 in northern Queensland. Additionally, technology testwork for the Lake Throssell sulphate of potash (SOP) project is ongoing.
Trigg and geoscience consultancy Global Ore Discovery completed an extensive desktop program identifying multiple epithermal gold targets at its newly acquired Drummond Basin Project. The company plans geophysical programs and a drilling campaign in Q2 2024. The acquisition of new license areas in northern Queensland solidifies Trigg's position as a prominent gold explorer in the highly prospective Drummond Basin and Charters Towers regions. The ongoing technology testwork for the Lake Throssell SOP project aims to demonstrate an alternative pre-processing approach.
Trigg Minerals has made significant progress in identifying high-priority epithermal gold targets at the Drummond Basin Project and completing the acquisition of new license areas in northern Queensland. The company plans to conduct geophysical surveys and a drilling campaign in Q2 2024, demonstrating its commitment to advancing exploration activities. Additionally, the ongoing technology testwork for the Lake Throssell SOP project reflects Trigg's dedication to exploring alternative approaches. With a cash balance of $2.06 million as of 31 March 2024, Trigg is well-positioned to execute its exploration plans and further its corporate strategy in the coming quarters.