Tolu Minerals Limited Initiates Extensive High-Grade Gold Exploration in PNG’s 120 & Kimono Vein Corridor, Paving Way for Major Resource Expansion

Monday, June 16, 2025
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8:29 am
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Tolu Minerals Limited has launched an expansive exploration program near its Tolukuma Gold Mine, targeting high-grade gold veins. Early trench results include notable gold and silver values, with geophysical surveys highlighting additional promising targets. Follow-up drilling is planned for Q3 2025, marking a major milestone in the company’s growth strategy.

Tolu Minerals Limited has embarked on an ambitious exploration program in the region immediately adjacent to its operational Tolukuma Gold Mine. The company is focusing on historic epithermal gold veins in an area that includes the 120 Vein and the Kimono Vein. Notable historical trench results from the 120 Vein area include an impressive 13-metre intersection grading 49.0 g/t gold, while trench work on the Kimono Vein has revealed intervals of 1 metre with 148 g/t gold and 413 g/t silver. These encouraging results underpin the company’s strategy to expand its existing near-mine gold resource. In conjunction with surface geological mapping, trench sampling, and a multi-element surface geochemical survey, Tolu Minerals is constructing an exploration camp at Kimono. The firm’s recently completed Airborne Magneto Telluric (MT) survey has highlighted additional near-surface vein targets, including a feature known as the Gulbadi Splay. The MT lineament analysis further reveals that the Kimono area exhibits rhomboidal structural features that mirror the mineralizing settings observed at the flagship Tolukuma Gold Mine. The upcoming phase of the project includes follow-up diamond drilling, with five new drill rigs on order, set to commence in the third quarter of 2025. The extensive work is being carried out on a 20 km² mineralisation corridor that is supported by a range of historical exploration activities. Historical trench and soil sampling across the Kimono area delineate a mineralised zone that stretches over 4 km and includes multiple vein systems. Technical details from previous sampling programs also indicate wide variations in gold grades, with additional intervals showing lower-grade, yet pervasive anomalous signatures that are now being targeted by new geological and geochemical surveys. Market sentiment may lean bullish on this announcement due to the high-grade intersections, structural continuity with the existing mine, and the use of advanced geophysical techniques that have identified new targets. The strategic commencement of surface exploration and the planned drilling program suggest that Tolu Minerals Limited is well poised to enhance its resource base, potentially unlocking significant value for shareholders. Conversely, some investors might view the news with caution. While the historical data and initial survey results are promising, the exploration work is still in its early stages and involves inherent risks typical of resource development. The success of follow-up drilling and further delineation of mineralization will be critical in validating these initial high-grade results, and any delays or cost overruns in ramping up drilling operations could temper near-term prospects. Overall, the detailed technical work and planned follow-up activities reflect a determined effort by Tolu Minerals Limited to expand its gold resource near an already-operational mine, a move that could be transformative if substantiated by continued exploration success.

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