Ann: Drilling commences at Kamilombe and Mwilu Projects, page-59

Looking good, Niton has confirmed presence of Cobalt and Copper as per Historical drilling in first hole completed so far and second drill rig operating at Mwilu.

Exciting few months coming up.

Cobalt price now US$90,500.

Taruga Gold Limited (ASX: TAR, Taruga or the Company) is pleased to announce that drilling at one hole has been completed at Kamilombe, and that drilling has commenced at Mwilu.
Kamilombe
KMDD001 was designed to twin KCC/Gecamines diamond hole KBGU18 and was drilled down to 264m. An excellent correlation exists between stratigraphic sequences comprising the Mines R2 Series in both drill holes. Two main zones were reported in KBGU18.
These included:
19.5m at 1% Co from 34.6m (*RSC)
5.1m at 1.5% Co from 54.1m (*RSF)
26.5m at 2% Co and 1% Cu from 78.1m (*Lilac RAT) 3m at 3% Co and 4% Cu from 209.6m (*SDB) 32.2m at 3% Co and 0.5% Cu from 215.9m (*RSC) 1
* Stratigraphic units comprising the Mines R2 Series

Note All historical results at Kamilombe were announced on 1 March 2018.Although the Niton XRF analyser is unable to quantify Cu or Co grades in drill core, it gives an indication of where mineralisation can be expected. Niton analysis together with visible heterogenite (cobalt) and malachite (copper) confirmed anomalous mineralisation at similar intervals to KBGU18 throughout the drill core, which was tested down to 200m. An additional 10m zone anomalous in copper was identified above the Lilac RAT mineralised unit which reported 26.5m at 2% Co and 1 % Cu in KGBU18.

KMDD002 located 400m east of KMDD001 has been drilled down to 74m. Two additional KCC/Gecamines diamond holes will be twinned during the due diligence programme. Early drilling suggests the geology described previously by KCC/Gecamines will be repeated in all 4 planned drill holes. This will allow the Company to create a 3D lithological model using historical drilling data which will assist in future planning and modelling.

Samples will be sent to ALS Global’s laboratory in Lubumbashi within the next two weeks, where a split will be analysed using the Niton prior to samples being sent to their accredited laboratory in Johannesburg for 4 acid digest and ICP-AES