Tolu Minerals Ltd (ASX:TOK) CEO Iain Macpherson joins Proactive’s Tylah Tully to discuss significant high-grade gold and silver results from diamond drilling at Taula prospect, 4.5 kilometres southeast of the Tolukuma Gold Mine in Papua New Guinea.
The results include 1 metre at 61.20 g/t gold and 1,979 g/t silver within a broader intersection of 4.8 metres at 22.79 g/t gold and 513.2 g/t silver.
These results suggest the potential extension of the gold vein system over a 1.5-kilometre strike length, open for further exploration to the north and south.
The company is now evaluating these results to update its mineral resource estimate.
Macpherson noted that these findings reinforced Tolu's strategy to leverage existing infrastructure and operational capabilities at Tolukuma, aiming to position it as a significant gold and silver producer.
The drilling program is Tolu's first outside the Tolukuma mining lease, validating geophysical exploration tools, including historical and recent 3D Induced Polarisation and Airborne Magneto Telluric surveys.
The drill rig has now returned to the Tolukuma mine site to seek further gold resources in a bid to extend the mine’s future operational capacity.