TechGen surveying areas featuring high grade copper and silver
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
TechGen Metals Limited’s (ASX:TG1) scheduled heliborne Versatile Time Domain Electro Magnetic (VTEMTM Max) geophysical survey has commenced at the company’s Station Creek Project in the Ashburton Basin of Western Australia.
Management was attracted to the Station Creek Project by the presence of major fault structures, historic high grade historic copper rock chip samples and an overall lack of modern exploration in the area, suggesting it is a highly prospective strategic asset with unquantified exploration upside.
The Station Creek Project as shown below consists of a single Exploration Licence (E08/2946) which covers an area of 54km2.
The VTEMTM Max survey at the Station Creek Project will cover the entire project area, consisting of approximately 300 line kilometres of surveying with nominal 200 metre spacing between flight lines.
The VTEMTM Max system is the most innovative and successful airborne electromagnetic system to be introduced in more than 30 years.
The proprietary receiver design, using the advantages of modern digital electronics and signal processing, delivers exceptionally low-noise levels.
Coupled with a high dipole moment transmitter, the result is unparalleled resolution and depth of investigation in precision electromagnetic measurements.
Historic work and exploration completed by TechGen has identified areas of high grade copper (± silver and gold) rock chip samples and as shown below, outcropping copper mineralisation (malachite and azurite) within the project area.
Upcoming survey results could be share price catalyst
Several areas of anomalism occur along a major north-west striking fault.
The VTEM-Max survey is being undertaken to identify possible sulphide mineralisation at depth across the project area.
XRD analysis has been undertaken on a single rock chip sample which assayed outstanding grades of 54.7% copper and 257g/t silver.
The results of the XRD analysis have indicated that in addition to the presence of copper oxide minerals (Malachite, Brochantite and Atacamite) the copper arsenate mineral Olivenite and copper sulphide mineral Djurleite are also present within the sample.
The VTEM survey is anticipated to take 4 to 5 days, indicating some potentially near-term market moving news flow is imminent.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
