Taruga Minerals Ltd. provided an exploration update on the Wyacca copper prospect. A second-pass drilling program has been completed with 43 reverse circulation (RC) holes drilled for a total of 4,100 metres. Holes range in depth from 18 m to 300 m with an average depth of 95 metres. Assay results for this program are expected in mid-August. The drill program was aimed at confirming the relationships between mineralisation, structure, and geophysical anomalies at Wyacca. Drilling has confirmed that the Wyacca mineralisation has a strong stratigraphic control within in the reduced Tindelpina Shale Member (TSM). Secondary structural controls are being investigated. Taruga have reprocessed government magnetic data and have interpreted the extent of this unit where it may be folded around the nose of the Worrumba Anticline (Figures 1 & 2). The TSM is the main target for sediment hosted copper mineralisation at Wyacca and its potential extensions. Reduced black shales of the TSM provide an ideal host for Zambian/Central African Copperbelt style Cu-Co- Ag-Pb-Zn mineralisation. The TSM outcrops over 56 km around the Worrumba Anticline, within the Taruga Exploration Licence and Exploration Licence permit (Figures 1, 2 & 3). The New Wyacca Prospect (Figures 1 & 2), an apparent structural repetition of the Wyacca Prospect, has been identified from geophysical data. This prospect is 8 km along strike to the east of Wyacca. The Adelaide Geosyncline (AGS) is comparable in age and geodynamic setting to the Katangan Orogen which hosts the Central African Copperbelt. The AGS is known to host mineralisation which is consistent with the Zambian Copperbelt model. The Beltana deposit north of Mt Craig Copper Project (MCP) is a very high-grade discordant zinc deposit which shows similarities to the world class Kipushi (Cu-Zn-Pb-Ag) deposit in the DRC. The MCP is in a comparable setting, being proximal to the Worrumba Diapir and Taruga consider it is prospective for Kipushi Type mineralisation. The Worrumba Diapir is interpreted as a major conduit for mineralising fluids. The Tindelpina Shale represents a reduced facies host rock with potential to host Zambian Copperbelt style mineralisation. Government and historical company gravity data was also reprocessed (Figure 3) and has further highlighted large gravity anomalies along the limbs of the Worrumba Anticline. These anomalies are coincident with the southern and western extents of the mapped Tindelpina Shale and its potential extensions under cover. However, the historical gravity survey data resolution is considered inadequate for drill target definition in some areas of the project which will undergo infill gravity surveys. Further interpretation will be possible following the collection of new gravity data, however what is clear from the current dataset is that large dense bodies are present in close proximity to the Worrumba Anticline structure. Phase 2 drilling has been completed at Wyacca for a total of 43 holes and 4100m. Reprocessed government magnetic data and GSSA mapping has been used to interpret the extension of the Tindelpina Shale Member (TSM) over 56 km. The TSM hosts the known high-grade copper mineralisation intercepted recently at Wyacca. Taruga is applying a Zambian Copperbelt metallogenic model to the Wyacca copper prospect and its potential extensions along the prospective TSM and other prospective Tapley Hill Formation Sediments. Ongoing reconnaissance exploration including structural mapping and review of geophysics is currently underway to identify basin controlling structures which potentially control mineralisation within the TSM and other prospective Tapley Hill Formation (THF) sediments at the Mt Craig Project (MCP). Diamond drilling is planned for August, to obtain further information regarding mineralisation, alteration and structure at Wyacca and Morgan's Creek. Samples from the recent Wyacca and Morgan's Creek drilling programs have been dispatched for assay with results expected in mid-August.