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TechGen Metals (ASX:TG1) hits gold in maiden John Bull RC drill program – The Market Herald

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  • TechGen Metals (TG1) strikes gold mineralisation from its maiden reverse circulation (RC) drilling program at the John Bull gold project in NSW
  • The company drilled seven holes to test the historical John Bull gold shafts, the main gold sluiced area, the historical surface trench and an induced polarisation chargeability high
  • Assays have been received for the first hole, with up to 13.8 g/t gold intersected
  • Results for the remaining six holes are pending and are expected to be released in the coming week
  • TechGen is down 2.44 per cent on the market with shares trading at 20 cents at 1:42 pm AEST

TechGen Metals (TG1) has struck gold mineralisation from its maiden reverse circulation (RC) drilling program at the John Bull gold project in NSW.

The company drilled seven holes for 887 metres in the project area to test the historical John Bull gold shafts, the main gold sluiced area, the historical surface trench and an induced polarisation chargeability high.

Each of the holes was sampled along its entire length at one-metre intervals, with samples analysed for gold and multi-elements.

Assays have been received for the first hole, with an intersection of 68 metres at one g/t gold from surface including one metre at 13.8 g/t gold.

Results for the remaining six holes are pending and are expected to be released in the coming week.

“We are excited, to say the least, that our maiden drilling has confirmed gold mineralisation from surface and at depth at our John Bull gold project. We believe the project has the potential for a substantial gold system,” TechGen Managing Director Ashley Hood said.

“All the historical mining and exploration at John Bull point to the system having scale and grade potential.

“We appreciate it is only one hole. However, geology and grade are already pointing towards a system that has both. The remaining six holes will obviously give us a clearer indication here.”

TechGen was down 2.44 per cent on the market with shares trading at 20 cents at 1:42 pm AEST.

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