This morning our junior exploration Investment TechGen Metals (ASX: TG1) put out the first batch of assay results from the first of its two WA copper drill programs.
Today's results came from the Station Creek project, where TG1 completed 12 drillholes across three main targets.
Of the 12 holes drilled, four returned traces of copper with the peak intercept measuring 7m at 1.23% copper from a depth of only ~20m.
Here TG1 was drilling a cluster of IP chargeability anomalies that sit right underneath high grade rock chips (measuring up to 54.8% copper).
TG1 was effectively drilling to see if these rock chips found at surface and the IP anomaly correlated with a copper discovery underground.
Whilst the drilling results weren't enough to declare a discovery, TG1 mentioned that during the drilling program, the company did some more target generation works, identifying three high priority areas that warrant following up.
The three targets sit on the northwestern border of TG1's ground right next to drill targets that neighbour Norwest Minerals (capped at $16M) interpreted as trending towards TG1's ground.
While we don't expect TG1 to go out and immediately drill these targets, we will be watching to see if anything comes from the downhole EM surveys the company is planning.
We also note that neighbour Norwest Minerals are currently running downhole EM surveys for their targets in this region and we will be tracking these results to see how it impacts TG1.
What's next for TG1?
1) Assay results from its other WA copper project.
TG1 still has assays pending from its Mt Boggola project in WA where it is drilling for copper.
We also note that the company is doing some geophysical surveying at Mt Boggola looking for more drill targets that it can include in future drilling programs.
2) Soil sampling results from NSW gold discovery
TG1 is following up its recent discovery with a detailed soil sampling program, aiming to identify high priority follow-up drilling targets.
Assay results from soil sampling are expected later this month.