TechGen Metals (ASX:TG1) has strengthened its Western Australian portfolio by entering a tenement sale agreement to acquire a 100% interest in the Mt Boggola East Copper-Gold-Silver Project.
Located 60km south of Paraburdoo within the Proterozoic-aged Ashburton and Blair Basins, the 63km2 tenement (E08/3728) is a contiguous expansion of the company’s existing Mt Boggola Project.
The "missing piece" of the landholding offers immediate exploration upside, particularly at the Stadlers prospect, which sits on the same Frederick River Fault structure as the company’s primary MB1–MB4 targets.
The acquisition is underpinned by compelling historical data that has remarkably never been followed up.
Historic drilling by Newcrest at Stadlers intersected high-grade copper, featuring 9m @ 1.8% Cu from 47m, including peak grades of 4.6% Cu.
Surface sampling has been equally promising, with rock chip values reaching a staggering 44.9% Cu, 16.2g/t Au, and 55.2g/t Ag.
Despite the grades, the area remains vastly under-explored, with only six previous drill holes recorded across the entire project area.
Managing Director Ashley Hood noted that the project is highly prospective for sedimentary, intrusive, and shear-zone hosted mineralised systems.
TechGen is moving swiftly to capitalise on the purchase, with geophysical, geological, and geochemical sampling slated to begin alongside an imminent RC and diamond drilling campaign.
At the time of reporting, TechGen Metals' share price was $0.060.