Looking for Gold

Looking for Gold

By: Dylan Sikes – AllPennyStocks.com News

Monday, June 20, 2022

Gold continues to be one of the world’s most valuable assets. Given the current high inflationary environment, its worth could be on an upswing given the volatility equities are seeing. 

Taura Gold Inc. (TSXV:TORA) has engaged a geological team to commence exploration work at its Shabu Project located in the Birch-Uchi greenstone belt, approximately 80 km northeast of Red Lake, Canada. The work program consists of prospecting, geological mapping and sampling and s expected to be complete by late summer and results of the program will be reported upon receipt of final assays, according to the firm’s press release.

Located in an area with multiple mining claims, recent work includes a soil sampling campaign completed in 2020 by Taura Gold, along with an airborne VLF-EM survey completed in 2020. and a high-resolution helicopter magnetic survey completed in 2019.  Historic work on the property has defined gold mineralization at surface through trenching and diamond drilling. Gold mineralization at the property occurs in quartz-carbonate veins with 2-3% pyrite hosted in shear zones associated with contacts of the granodiorite and porphyritic dykes.

Shares last traded at $0.28 per share.


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