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Taruga Gold Taruga Gold Taruga Gold

About Niger

Niger

Niger

  • Pro-Mining country with world class Uranium mining industry.
  • Recent peaceful elections held in March 2011 – return to democracy.
  • Under-explored for gold mineralization.
  • SEMAFO (TSX:SMF) developed & has operated Samira Hill gold mine since 2004.
  • Presence of large Canadian explorers in Niger.

Kossa Project, Niger

  • 970km2 granted licenses developing gold district.
  • Encouraging grade and width with 1km of strike to date.
  • Additional drilling and broad untested Geochemical anomalies.
  • Most recently explored by Orezone with highly encouraging results.
  • Geological setting interpreted to be similar to the Essakane gold mine operated by IAMGOLD (TSX:IMG).
  • Previous exploration activity has reported significant gold intersections.

The Kossa Project is located in northwest Niger, 230km northwest of the capital city Niamey. The Kossa Project is adjacent to the Burkina Faso border and lies approximately 15km east of the Essakane Gold Mine, located in Burkina Faso. The Essakane Gold Mine is operated by IAMGold of Canada and produces approximately 350,000oz gold per annum.

The climate is typically Sahelian, and has distinct seasons. Temperature ranges from peaks in April and May, with noontime temperatures often rising above 48°C and night temperatures remain above 20°C. The mean annual rainfall is 503mm with rainfall concentrated between June and September, normally in short torrential downpours preceded by high winds and dust or sand storms.

The rainy season is followed by a short period of hot, humid weather in October during which temperatures range between 15°C and 45°C. From November to March, the weather is dry and pleasant with occasional haze or dust storms caused by the “Harmattan” – a hot, dry wind carrying dust from the Sahara. The terrain is predominantly desert plains and sand dunes, and vegetation consists mostly of light scrub and seasonal grasses.

The historical exploration completed at the Kossa project highlights very prospective geology, with a similar style of mineralisation and host rock to the Essakane Gold mine.  Drill testing completed by Orezone has indicated primary gold mineralisation associated with the surface geochemical anomalies and several highly prospective prospects have been defined.

A very large portion of the project is covered by sand dunes and recent transported cover, making conventional surface geochemical sampling ineffective.

Taruga have outlined a systematic exploration program that initially focuses on the advanced prospects at Kossa and Fatatako where the company will be looking to complete drill testing in sufficient detail to support a maiden resource estimate for the prospect if results are positive.

Location of Kossa and Essakane mines

Location of Kossa and Essakane mines

In addition the company has outlined a program of auger geochemistry, regional aircore drilling and detaile areomagnetics that will provide sufficient information for the company to prioritise and rank exploration targets and rapidly assess the project to determine the potential to host a significant mineral resource.

The proposed exploration strategy is well focused and appropriate for the exploration level of the projects, geological setting and regolith environment present.

The expenditure is appropriate given the prospectivity of the area and is sufficient to achieve the stated objectives of providing sufficient geological data to rapidly assess the projects, delineation of drilling targets.

The budget is weighted towards RC drilling and diamond drilling of the advance prospects and the auger geochemical sampling and reconnaissance drilling of regional targets as appropriate for this stage of exploration.

The following exploration methodology is recommended, and it is noted that these recommendations are consistent with the proposed exploration program:

  • RC drilling and diamond drilling of the Kossa and Fatatako prospects – the potential to define a mineral resource will be defined by this drilling.
  • Systematic mapping and sampling of outcrops and artisanal working to define immediate drill targets in areas of defined gold mineralisation.
  • Auger geochemical sampling, with a focus on the delineation of existing gold anomalous zones and extensions of mineralised structures at the Kossa West and regional prospects
  • Geochemical sampling of the broader licence area to define new areas of gold anomalism
  • First pass RAB drilling of priority targets to determine potential for primary gold mineralisation
  • Detailed aeromagnetic survey of the Kossa Project to allow a detailed review and geological assessment of the project and allow prioritisation of regional targets.