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Taruga Gold Taruga Gold Taruga Gold

Perth, June 10, 2015 - (ABN Newswire) - Taruga Gold Limited (ASX:TAR) MD Bernard Aylward is interviewed by ABN Newswire regarding the company activities in West Africa, including a recent investment by Sprott Inc, and a US$3 Million Joint Venture with Resolute Mining Ltd (ASX:RSG).

Presentation Highlights:

  • Growth Strategy
  • Identification and Acquisition Highly Prospective Landholding of Projects
  • Joint Venture with Resolute Mining Ltd for 3 Cote d’Ivoire concessions (US$3M spend over 4 years to earn 75%)
  • Identifying Additional Joint Venture opportunities to enhance shareholder value
  • Project Portfolio with advanced projects in Mali with High Grade Drill Intersections and Extensive landholding in Cote d’Ivoire

Value Proposition
  • Experienced Management and LocalExpertise - Ability to gain projects
  • Completion of Joint Ventures and Assessment of Opportunities
  • Fast moving to take advantage of opportunities
  • Highly Experienced in the West African Gold Region

$1 Million Placement Completed

Announced $1M placement and SPP
  • Sprott Inc. (TSE:SII) subscribed to $500,000 subject to shareholder approval
  • Support from existing major shareholders
  • New sophisticated investors entering register

Sprott Rationale
  • Belief in West Africa as rich gold province
  • Gold focused investment group
  • Positive towards company due to our ground position, early stage exploration programs and Joint Venture agreements
  • Acknowledge Exploration focus and activity with low corporate overheads

Resolute Joint Venture
  • Expenditure of US$3 Million to earn 75% in 3 concessions
  • Exploration activity commences
  • geochemical sampling and geological mapping
  • In event of discovery, Taruga free carried through to completion of Feasibility