Perth, Australia (ABN Newswire) -
Taruga Gold Ltd. (ASX:TAR) MD Bernard Aylward is interviewed by ABN Newswire regarding the company activities in West Africa, including a recent investment by Sprott Inc, and a US$3 Million Joint Venture with
Resolute Mining Ltd. (ASX:RSG).
Presentation Highlights:
Growth Strategy
- Identification and Acquisition Highly Prospective Landholding of Projects
- Joint Venture with
Resolute Mining Ltd. for 3 Cote d'Ivoire concessions (US$3M spend over 4 years to earn 75%)
- Identifying Additional Joint Venture opportunities to enhance shareholder value
- Project Portfolio with advanced projects in Mali with High Grade Drill Intersections and Extensive landholding in Cote d'Ivoire
Value Proposition
- Experienced Management and LocalExpertise - Ability to gain projects
- Completion of Joint Ventures and Assessment of Opportunities
- Fast moving to take advantage of opportunities
- Highly Experienced in the West African Gold Region
$1 Million Placement Completed
Announced $1M placement and SPP
- Sprott Inc. (TSE:SII) subscribed to $500,000 subject to shareholder approval
- Support from existing major shareholders
- New sophisticated investors entering register
Sprott Rationale
- Belief in West Africa as rich gold province
- Gold focused investment group
- Positive towards company due to our ground position, early stage exploration programs and Joint Venture agreements
- Acknowledge Exploration focus and activity with low corporate overheads
Resolute Joint Venture
- Expenditure of US$3 Million to earn 75% in 3 concessions
- Exploration activity commences
- geochemical sampling and geological mapping.
- In event of discovery, Taruga free carried through to completion of Feasibility
To view the latest presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TAR-721474.pdf
To view the Video Interview, please visit:
http://www.abnnewswire.net/press/en/80097/taruga
About Taruga Gold Limited:
Taruga Gold Ltd. (ASX:TAR) is a West African focused gold explorer that has compiled, and is currently compiling, a diverse portfolio of exploration projects within the Birimian geology of West Africa. This region is at present one of the world's great gold districts and has had a significant rate of discovery and development on new gold mines over past decades.
Contact:
Taruga Gold Ltd.
Bernard Aylward
T: +61-8-9222-5800
F: +61-8-9222-5810
E: admin@tarugagold.com.au
www.tarugagold.com.au
