TechGen has exploration success at Ida Valley Gold Project

3 minute read

By Trevor Hoey. Published at Jun 17, 2021, in Mining

TechGen Metals Limited (ASX:TG1) has received promising assay results from its maiden drilling program at the Ida Valley Gold Project north-west of Leonora in Western Australia.

From a broader perspective, multiple mineralised zones were intersected, while multiple geochemical targets are still to be tested.

A broad zone of 36 metres grading 0.95 g/t gold was intersected from 52 metres in hole IVRC002.

Composite four-metre samples were collected throughout each drill hole with a total of 249 samples assayed for gold.

Importantly, the four-metre composite assay results returned a peak composite assay of 4 metres at 4.02 g/t gold from 40 metres in hole (IVRC003).

Having analysed this recent data, management intends to follow-up with reverse circulation and diamond drilling.

Examining the geological characteristics, the Ida Valley Gold Project covers a northerly to north-westerly trending greenstone belt truncated in the east by a faulted contact with a gneiss/migmatite complex.

To the west lies the Ballard Fault which wraps around a large granite batholith.

As illustrated below, the project consists of three Exploration Licences covering a combined area of 199 square kilometres.

Management points to new gold mineralised greenstone belt

Management confirmed the presence of a new gold mineralised greenstone belt with four of the eleven drill holes returning assay results of greater than 1 g/t gold.

The 36-metre zone grading 0.95 g/t gold contained three separate higher grade zones.

Other promising results include 8 metres at 1.25 g/t gold from 20 metres in hole (IVRC001) which is up-dip of the mineralisation intersected in hole IVRC002.

Drill hole IVRC003 intersected 8 metres at 2.3 g/t gold from 36 metres.

Drill holes IVRC001 - IVRC003 are located along the same interpreted shear zone.

Hole IVRC011 intersected 4 metres at 1.63 g/t gold from 52 metres, the only hole to test an interpreted western shear zone.

Gold mineralisation is associated with quartz veining, arsenopyrite and pyrite within amphibolite and ultramafic rock units.

Gold mineralisation open at depth and along strike

The gold mineralisation intersected in drilling remains open at depth and along strike, and a long soil gold anomaly of more than one kilometre in length that is located south of the current drilling remains to be drill tested.

The soil sampling program announced at the start of June to step out to both the north and south of previous areas of sampling has now been completed and 1,131 soil samples, along with 20 rock chip samples have been submitted for assay, potentially identifying further targets.

The recent application for an additional Exploration Licence (E36/1015) along strike from the identified gold mineralisation provides additional similar scale magnetic anomalies adjacent to and cross-cutting the Ballard Fault, and this has secured 100% of the newly identified gold mineralised belt for the company.

TechGen’s managing director Ashley Hood was impressed with the exploration results, and he highlighted their significance in terms of opening up new growth opportunities in saying, “We are pleased to have discovered a new gold mineralised greenstone belt in between two highly mineralised regions in the heart of Western Australia’s goldfields.

‘’From a blank canvas of outcropping greenstone some 18 months ago with no historic gold or base metals exploration, to this brand new and first-ever RC drilling campaign confirming impressive gold grades over multiple zones, today’s results open up exciting new growth opportunities and have delivered new target horizons as the company’s technical team continues its approach of simultaneously exploring and evaluating its project pipeline.”

View Our Investment Portfolios

S3 Consortium Pty Ltd (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 only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!