9th March 2023
Taiton Resources continues to shore up the Highway Project in South Australia’s Gawler Craton having returned assays including 1300 ppm molybdenum and 27 ppm silver from rock-chip samples taken from the projects Merino porphyry prospect.
“The nature of the Merino Prospect is now clearly an overlooked province with a clear sight of mineralisation. We have historical drilling showing strong molybdenum mineralisation and now, we are clearly seeing distribution in outcropping samples,” Managing Director Noel Ong said.
“In summary, our work is showing that the Merino Prospect and potentially the whole Highway Project, has been incorrectly classified in terms of age, mineralisation fertility and geology.”
About Taiton Resources Limited
Taiton Resources Limited (ASX: T88) is an early-stage mineral exploration and development company with a portfolio of projects across South Australia and Western Australia. The Company's portfolio includes the Highway Project, which spans a land area of 2,980 sq km and is situated in South Australia, as well as the Lake Barlee Project, which covers a land area of 668.7 sq km in Western Australia. Additionally, the Challenger West Project is located in South Australia and has a land area of 997 sq km. Taiton Resources Limited was listed on the ASX on 19 December 2022.
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