TechGen Metals Uncovers High-Priority Copper-Gold Targets at Mt Boggola Project
TechGen Metals (ASX: TG1) has identified two compelling IP chargeability targets at its 100% owned Mt Boggola Project in Western Australia, setting the stage for potential high-grade copper-gold discovery. These newly discovered targets sit within a previously identified soil anomaly containing remarkably high-grade surface samples, creating a perfect storm of exploration indicators that investors should take note of.
Major Discovery: Twin High-Priority IP Targets Emerge
TechGen's recent Induced Polarisation (IP) geophysical survey has delivered exceptional results, identifying two distinct high-priority chargeability targets designated MB1 and MB2. Both targets show impressive characteristics:
- Target MB1: Covers an area of 400m x 150m with chargeability >3 times background levels (>34 mV/V vs. ~10 mV/V background)
- Target MB2: Similar dimensions with chargeability nearly 3 times background levels (>28 mV/V vs. ~10 mV/V background)
- Both targets correspond with resistivity lows, enhancing their significance
- Surface depth to targets: Relatively shallow at 75-100 meters
What makes these targets particularly compelling is that despite previous exploration in the area by major mining companies including Newcrest and Northern Star, neither target has ever been drill-tested.
"These IP targets, MB1 and MB2, are as good as we could have hoped for. The immediate area is littered with copper gossans and previously attracted majors like Newcrest in the 1990's, who drilled approximately fifteen RC holes in the project area but did not intersect our newly generated IP targets," commented TechGen's Managing Director, Ashley Hood.
Exceptional Surface Results Support Drilling Success
The true strength of TechGen's discovery lies in the remarkable surface sampling results that directly coincide with the IP anomalies:
| Target | Rock Chip Highlights | Samples >1% Cu | Total Samples |
|---|---|---|---|
| MB1 | Peak: 10.5% Cu | 13 | 38 |
| MB2 | Peak: 32.6% Cu, 48.8g/t Au, 3.92% Sb | 14 | 23 |
These extraordinary surface results, particularly in the MB2 area, suggest significant mineralisation potential. The presence of such high-grade copper, gold, and antimony values at surface directly above strong IP chargeability anomalies presents a textbook exploration scenario.
Understanding IP Surveys in Mineral Exploration
Induced Polarisation (IP) is a geophysical technique that measures the chargeability of subsurface materials. This method is particularly effective at detecting disseminated sulphide minerals that often host valuable metals like copper and gold, even when these minerals aren't visible at the surface.
The technique works by sending electrical currents into the ground and measuring how the ground materials respond. Sulphide minerals, which commonly host metals of economic interest, have distinctive electrical properties that make them appear as "chargeable" zones in IP surveys.
When IP anomalies coincide with high-grade surface samples—as they do at Mt Boggola—it substantially increases the likelihood of discovering an economically viable mineral deposit. The chargeability contrast (3x background) observed at Mt Boggola is considered very significant in exploration terms, particularly when accompanied by corresponding resistivity lows and extensive surface mineralisation.
Strategic Advantages: Where Others Missed, TechGen May Strike Gold
What makes the Mt Boggola discovery particularly intriguing is that despite previous exploration by major mining companies, these specific targets were never tested:
- Northern Star Resources identified the soil anomaly in 2015 but never followed up with drilling
- Newcrest Mining drilled 15 RC holes in the 1990s, but their closest hole was approximately 100m from TechGen's new targets
- The combination of modern IP techniques and TechGen's thorough exploration approach has revealed what previous companies missed
The closest historical drill hole, PB12 drilled by Newcrest in 1991, was approximately 100m north of the MB1 target and returned a best assay result of 1 metre @ 0.8% copper from 88m downhole. However, this hole was drilled towards the northeast, away from the target area now identified by TechGen.
Clear Pathway to Drilling
TechGen has already begun preparations for drilling these high-priority targets:
- Heritage surveys are being scheduled
- Program of Work documentation has been drafted
- Drilling is anticipated later this year
With both targets clearly defined across multiple survey lines and supported by extensive surface sampling, TechGen has effectively de-risked the upcoming drilling program to the extent possible before actual drill testing.
Geological Setting and Exploration History
The Mt Boggola Project is located in the Proterozoic-aged Ashburton and Edmund Basins, approximately 60km south of Paraburdoo. The project comprises Exploration Licences E08/2996 and E08/3269, covering a combined area of 179 km².
The Ashburton Mineral Field has a long history of gold, copper, silver, lead and zinc exploration and is among the oldest mining districts in Western Australia. In the 1970s and 1980s, majors like BHP, Newmont Corporation and BP Minerals began exploring the Ashburton Basin, leading to the initial identification of significant deposits including Mt Clement and Mt Olympus.
Northern Star Resources held parts of the current project area between 2015-2018 and undertook detailed soil sampling over an area that had malachite-bearing gossans and an underlying gravity feature they interpreted as a possible intrusive body. They were targeting intrusion-related gold mineralisation in the project area.
The Northern Star soil anomaly has coincident copper and arsenic oriented in a northwest-southeast direction. Gold anomalism is smaller in extent but follows the same orientation, while the lead soil anomaly is only partially coincident. The anomaly is possibly related to a large-scale northeast-southwest striking fault structure that runs through the area.
Why Investors Should Follow TechGen Metals
TechGen Metals presents a compelling investment opportunity for several key reasons:
- High-grade potential: Surface samples returning up to 32.6% copper and 48.8g/t gold suggest exceptional mineralisation potential
- Clear targets: Well-defined IP anomalies provide precise drilling targets, reducing exploration risk
- Untested opportunity: Despite previous exploration by majors, these specific targets remain untested
- Favourable geology: Located in the prolific Ashburton Basin with a long history of significant mineral discoveries
- 100% ownership: TechGen holds 100% ownership of the project with no joint venture complications
For investors seeking exposure to potential high-impact copper-gold discoveries, TechGen's Mt Boggola Project discovery offers a rare combination of high-grade surface results, compelling geophysical targets, and a clear path to drilling—all in a project that remains 100% owned by the company.
With copper prices strengthening due to global electrification trends and gold maintaining its appeal as a store of value, TechGen's timing for drilling these targets could hardly be better. The company's methodical approach to exploration, combined with these exceptional targets, positions it for potential significant discovery success in the coming months.
Ready to Capitalise on TechGen's Next Potential Discovery?
For investors looking to gain exposure to TechGen Metals' promising copper-gold targets at Mt Boggola, now is the time to learn more. With high-grade surface samples up to 32.6% copper and compelling IP anomalies primed for drilling, TG1 offers a rare opportunity in the Australian resources sector. Visit techgenmetals.com.au today to explore their project portfolio and position yourself ahead of their upcoming drilling campaign.
