Connect with us

Precious Metals

TechGen’s El Donna Potential Underscored by High Grade Gold Chips

Special Report: Exceptional rock chip results of up to 250g/t gold at the Star prospect have highlighted the prospectivity of … Read More
The post TechGen’s El Donna potential underscored by high grade gold chips appeared first on Stockhead.

Share this article:

Published

on

Exceptional rock chip results of up to 250g/t gold at the Star prospect have highlighted the prospectivity of TechGen’s El Donna project near Kalgoorlie.

The strong result from quartz vein material at the underexplored prospect, which consists of shallow historical gold workings along a northwest shear zone, is encouraging given its proximity to WA’s premier gold hub and existing third party gold resources.

A three-hole reverse circulation program was recently completed by TechGen Metals (ASX:TG1) to test for mineralised extensions below the historical workings at Star with assays pending.

“We are positively encouraged by the exceptionally high-grade rock chip sample result from our El Donna Project,” managing director Ashley Hood said.

“Obtaining quality untested high-grade samples in historic workings so close to Kalgoorlie is a rare opportunity and we are keen to receive the outcome of our RC assay results as we progress our project to test for mineralisation extensions beneath the historic workings.

“Our team is working hard to remain on target with our work plan and we are pleased that our schedule is proceeding as planned.”

El Donna project

El Donna is located just 50km northeast of Kalgoorlie within the mineral-rich Yilgarn Craton between Bardoc Gold’s (ASX:BDC) Mayday North gold mine and the Penny’s Find gold mine owned by Orminex (ASX:ONX) and Horizon Minerals (ASX:HRZ).

The Star prospect consists of shallow, historical gold workings that are all oriented in a line over an approximate distance of 40m that follows a northwest trending shear zone.

Quartz veining along the shear zone and in other orientations can be observed in outcrop, in and around the workings.

Despite this prospectivity, there’s only been limited historical shallow drilling at Star with Hood telling Stockhead earlier this month that the area was last drilled about 15-20 years ago when gold prices were a lot lower than they are now.

This article was developed in collaboration with TechGen Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

 

The post TechGen’s El Donna potential underscored by high grade gold chips appeared first on Stockhead.


Share this article:

Companies

Gold Digger: Gold flirts with US$2,000/oz, leaves everyone frustrated and wanting more

Gold rallies past US1,950/oz on Fedspeak, before falling back below US$1,920/oz on Friday “Bullion traders will need to see disinflation … Read More
The…

Share this article:

Continue Reading
Uncategorized

3 Best Passive Investments to Buy Now

The three best passive investments include an emerging market technology fund, a health care exchange-traded fund (ETF) and a diverse portfolio of commodities….

Share this article:

Continue Reading
Economics

Disagreements and First Principles: The Pushback on my Tesla Valuation

I wrote about my most recent valuation of Tesla just over a week ago, and as has always been the case when I value this company, I have heard from both…

Share this article:

Continue Reading

Trending