TechGen Metals (ASX:TG1) reports it has identified elevated rare earth element (REE) and thorium targets from previous rock chip samples at Mt Boggola Project in Western Australia.
The company says the assay results of rock chip samples collected at Mt Boggola previously as part of TechGen’s base metal and gold exploration program returned ‘highly’ anomalous REE results for both cerium (Ce) and lanthanum (La), and 17 sample pulps were selected and sent for specific REE testing as a first pass evaluation of the potential of the area.
TechGen considers these results as ‘encouraging’ given REE style geology was not being targeted during the initial sample collection, and the total rare earth oxide (TREO) for these samples range from 48ppm to 1,885ppm. Samples MB10, MB24 and MB30 have returned TREO results of over 1,000ppm.
TechGen has also seen a significant rise in its share price on the ASX, rising 26.262% to $0.125 as of 10am AWST.
The company reports radiometric open file data for thorium, uranium and potassium has been processed by Southern Geoscience Consultants across the project area, and this work has highlighted a ‘robust’ thorium anomaly in the southwestern project area.
TechGen reports limited geological information is currently available on the anomaly areas however it represents a key REE target for immediate follow-up work, and no previous exploration is recorded in the anomaly areas.
Several areas of anomalous uranium have also been identified running in a northwest-southeast direction parallel to the strike of geological units in the Edmund Basin
Several areas of anomalous uranium have also been identified running in a northwest-southeast direction parallel to the strike of geological units in the Edmund Basin.
The company says some previous exploration targeting base metals is recorded in the Edmunds Basin in this area but no assay data for either uranium or REE has been located, and ground reconnaissance is now required to assess the potential of both the thorium target area and uranium target areas.
Recently announced ‘high-priority’ airborne electromagnetic (VTEM) conductors in varying geological settings in the central and southern project area are also ready for ground truthing. Field mapping and ground truthing is currently being planned to assess areas of anomalous REE rock chip samples, visit thorium and uranium target areas and airborne EM conductors.
TechGen Metals is an Australian exploration company focused on exploring and developing its gold and base metal projects across Australia.
The company holds a portfolio of 25 exploration licences located in 5 prospective geological regions in Western Australia, and one in New South Wales.
The Mt Boggola Project is located in the Proterozoic-aged Ashburton and Edmund Basins of Western Australia, consisting of 4 exploration licences covering an area of 352km-square, 75km south of Paraburdoo.
Images: TechGen Metals Ltd & iStock
