TechGen Metals Commenced Inaugural RC Drilling Campaign

By Hannah Goldman. Published at May 3, 2021, in Mining

TechGen Metals Limited (ASX:TG1) has informed the market that the inaugural RC drilling campaign at Ida Valley Gold Project has been planned and drilling has commenced into a newly identified Greenstone belt.

The company anticipates that the drilling program will take a week to complete and looks forward to providing further updates.

RC drilling is targeting bedrock gold mineralisation along the Ballard Fault, and the new, never before tested Greenstone Belt is between Lawler’s and Mt Ida Mining Districts.

The first ever systematic geochemistry samples were collected a little over 12 months ago returning an impressive peak assay of 884ppb Au in soils and rock chip samples to 6.6g/t Au forming an area currently called Target A/Northern anomaly.

Target F/Southern Anomaly auger assays are up to 75ppb Au and the anomaly is mapped over 1,000m.

100% owned Ida Valley Project

The Ida Valley Project is 100% owned by TG1 and is ideally located in between the Lawler’s and Mount Ida Mining Districts and approximately 80km west, northwest of Leonora.

Access to the area has been difficult along overgrown and abandoned station tracks, which may partly explain the lack of recent exploration until now.

The immediate area was previously explored for diamonds in the early 1980s. This RC drilling program is being undertaken by Kalgoorlie based drilling company Australian Surface Exploration Pty Ltd.

The Company’s independent geochemist Dr Nathan Jombwe has assessed the geochemical data and geologist Mr Peter Spitalny has structurally and geologically mapped the area whilst planning the current RC drilling campaign. Mr Spitalny is also currently on site managing the drilling program.

TechGen’s Managing Director and Ida Valley’s vendor, Mr Ashley Hood commented: “It’s exceptionally uncommon to find new greenstone belts of this scale with outcropping mafics and ultramafic units carrying gold mineralisation in favourable settings between well-known mining districts.

"Thanks to WA’s Department of Mines, Industry Regulation and Safety for their publicly available online GeoVIEW program that greatly aids explorers and the greater industry to make these new discoveries possible.

"It certainly is a very exciting time to be in a position of first to test a new untested greenstone belt with impressive early-stage gold anomalies especially in a buoyant market and having only IPO on the 7th April.”

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!