TG1 0.00% 3.1¢ techgen metals ltd

Ann: Advancing The John Bull Gold Project, page-2

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    TechGen Metals Limited (ACN 624 721 035) (“TechGen” or the “Company” is pleased to report highly prospective
    results from its recent soil sampling program at the John Bull Gold Project located within the New England Orogen in
    northern New South Wales (Figure 2).
    A further soil and rock chip sampling program is currently underway stepping out to the north from previous sampling
    activities, where the gold mineralisation remains open. The soil and rock chip sampling is being completed to test for
    strike extensions to the broad gold intercepts returned from the projects maiden RC drilling program completed in
    August 2022 (ASX announcement 1st September 2022).
    The Company is preparing to undertake a Phase 2 drilling program that incorporates RC and a maiden diamond hole
    at the John Bull Gold Project during the Second Quarter with permits currently awaiting approvals.
    STRATEGIC HIGHLIGHTS
    Peak soil result of 8.56 g/t gold with thirty-eight soil samples returning values
    of + 1 g/t gold.
    Two broad zones of + 0.1 g/t (100 ppb) soil gold anomalism have been
    identified. Zone 1 is 550m x 275m & Zone 2 is 250m x 150m and both open.
    New step-out soil & rock chip sampling program to the north underway.
    Permits for Phase 2 drilling program currently awaiting approval.
    The John Bull Gold Project continues to have many indications of a potentially
    large scale, mineralised, gold system.
    TechGen’s Technical Director, Mr Andrew Jones, commented: “We are exceptionally pleased that the results of our
    exploration activities are continually demonstrating the prospectivity of this great project and we are excited about
    the current soil and rock chip sampling program underway to test the potential strike extent as well as our phase 2 drill
    program with the aim of further confirming the potential of this project, with RC drilling and a maiden diamond drill
    hole to test the contact of the recently confirmed monzonite intrusive system for the source of gold mineralisation.
    Stage two drilling program will step-out from the previous exciting drill results which included 68 metres at 1.0 g/t Au
    and 66 metres at 1.14 g/t Au from a seven (7) hole program.”
 
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