Multi-element anomalism coincident with geophysical targets supports the concept of a new Mineral System Province at the Highway Project in South Australia.

ASX Release – 22nd May 2024

 

Highlights

• Multi-element anomalism coincident with geophysical targets indicate potential for different styles of mineralisation including epithermal gold, molybdenum porphyry and Iron-Oxide-Copper-Gold (IOCG).

 

Taiton Resources Limited (“T88”, “Taiton” or “the Company”) is pleased to announce that all samples from the recently completed UltraFine (UF) soil sampling program in March have now been returned. The completed soil program was undertaken across three prospects; Garfield, Pluto and Snoopy, at the Highway project (Figure 1).

The program consisted of a total of 1,197 samples (ex QAQC samples) and was Taiton’s first pass field-based assessment of selected prospects identified primarily from geophysical datasets.

A recent litho-structural interpretation of the Highway project highlighted the potential for multiple mineralisation styles derived from intrusive activity. These mineralisation styles include epithermal gold, molybdenum porphyry, and Iron-Oxide-Copper-Gold (IOCGs).

 

Figure 1. Location of prospects within Highway Project.

The UF program was successful in identifying multi-element anomalism across the three prospects and provide further support for the various mineralisation styles Taiton is pursuing within the Highway project. Due to the early stage of exploration Taiton is not limiting its search to one mineralisation style.