THE DRILL SERGEANT: Tietto Minerals (ASX: TIE) reported high‐grade gold results from infill, step‐ out and extensional drilling completed at the Abujar‐Gludehi (AG) deposit, part of the company’s 3.35 million ounce Abujar gold project in Côte d’Ivoire, West Africa.
Tietto Minerals completed 31 diamond drill holes completed as part of its infill drilling program, which aims to increase confidence in Abujar mineral resource estimates.
Drill intercepts from infill drilling at AG Core returned results, including:
ZDD734 – Section 22C
7 metres at 11.87 grams per tonne gold from 83m, including 3m at 27.3g/t gold; and
ZDD701 – Section 25C
8m at 7.17g/t gold from 120m, including 1m at 54.56g/t gold.
Extensional drilling at AG South intersected high‐grade gold outside the current resource, including:
ZDD814 – Section 3B
7m at 9.38g/t gold from 254m, including 1.5m at 42.98g/t gold.
Step‐out drilling on the main Abujar shear at PGL (Link between APG and AG) intersected high‐grade gold 450m to the south of the existing resource, including:
5m at 11.34g/t gold from 131m, including 2m at 26.78g/t gold.
“Our sixth batch of results from our infill drilling program at AG Core has delivered more high‐grade gold intercepts that will de‐risk open pit mining at Abujar,” Tietto Minerals managing director Dr Caigen Wang said in the company’s ASX announcement.
“Our infill program is designed to convert Indicated Resources to Measured Resources, which are scheduled to be mined within the first two years of production.
“We also have diamond rigs working at AG South and PGL on extensional and step‐out drilling that is designed to deliver resource growth at Abujar.
“It was very pleasing to see that ZDD814 hit high‐grade gold 120m below the DFS pit and outside the current resource.
“With our recent capital raise, we are now funded to production with Abujar having potential to be one of the largest gold producing mines in Côte d’Ivoire, expected to produce more than 260,000 ounces of gold in the first year and 1.2 million ounces of gold in the first six years.
“We welcome the support of the high-quality institutions that have provided the equity funding needed to develop the Abujar gold project into West Africa’s next gold mine, as announced last week.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE