Tolu Minerals recent trenching and rock sampling confirms numerous gold trends at Mt Penck Project | News Direct

Tolu Minerals recent trenching and rock sampling confirms numerous gold trends at Mt Penck Project

Tolu Minerals
News release by Tolu Minerals

facebook icon linkedin icon twitter icon pinterest icon email icon Vancouver, Canada | March 18, 2024 02:19 PM Eastern Daylight Time


Tolu Minerals CEO Iain Macpherson joined Steve Darling from Proactive at our OTC studio in New York City to discuss the results of the company's trench sampling program at the Peni Creek prospect, part of the broader Mt Penck project in Australia. The project is conveniently located, accessible by road just 56 kilometers from an existing deep-water port at the provincial capital of Kimbe on New Britain Island. The infrastructure supporting the oil palm industry in Kimbe provides easy and reliable access to the project site, facilitating future development.

Macpherson shared that the company has collected assay results for 432 trench samples and 171 rock samples from the Peni Creek Prospect during a field program in 2023. Among the notable results are samples showing 7.29 g/t Gold + 54.6g/t Silver (PR23076), 60.3 ppm Mo (PR23096), and 686 ppm Cu. These samples were collected from Northwest-trending narrow mineralized zones, confirming the presence of at least 7 separate mineralized structures over a 260-meter-wide zone and 460-meter strike extension. These findings provide additional drill targets and confirm the prospectivity of the Mt Penck project, adding to the existing focus area at the Kavola section.

The company plans to conduct further work, including airborne MT geophysics, extensive trenching, and drilling, to explore and delineate the potential of the project further.

Macpherson emphasized the importance of engaging with North American investors, highlighting the company's positive reception in the region. The interview underscores Tolu Minerals' long-term vision and accelerated exploration strategies.


Contact Details


Proactive North America


Proactive North America


+1 604-688-8158

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MiningMineralsNatural ResourcesPrecious MetalsGoldSilver