The Toguraci low sulfidation epithermal gold vein deposits are located 2 km WSW from the Gosowong mine and form part of the Gosowong Goldfield. The goldfield lies within a Neogene magmatic arc on Halmahera Island, North Maluku Province, East Indonesia. The terrain is moderate to steep, rainforested, and poorly outcropping. Exploration and mining operations are being carried out within the PT Nusa Halmahera Minerals Contract of Work (exploration tenement) jointly owned by Newcrest Mining Ltd (82.5 per cent, operator) and PT Aneka Tambang Tbk. (17.5 per cent)._x000D_
First pass exploration of the Gosowong area began late 1992 resulting in the discovery of weakly developed porphyry copper mineralisation (named Bora) at Toguraci in 1993. Early in the evaluation of this porphyry an overprinting epithermal Au/Ag mineralisation event was recognised, however exploration focus remained on the Bora porphyry deposit for some time. The discovery of the nearby Gosowong epithermal gold deposit and the exploration of other prospects in the area further diverted attention and funds from Toguraci. It was not until year 2000 that Toguraci was seriously reevaluated as part of a detailed appraisal of the epithermal gold potential within a 5 km radius of the Gosowong gold mine. A fly-camp based drilling campaign using man-portable rigs was undertaken between August 2000 and March 2002. All exploration at Toguraci was then stopped pending government approvals to mine. These were finally issued in May 2003 and immediately drilling restarted and pre-mine approvals (eg the environmental impact study) were sought and granted. The first Toguraci gold bar was poured in February 2004. Exploration at Toguraci and elsewhere in the Gosowong Goldfield continues today.