Join our daily newsletter At The Bell to receive exclusive market insights
- West African gold explorer and developer Tietto Minerals (TIE) releases an updated mineral resource estimate (MRE) for its Abujar gold project in Côte d’Ivoire, West Africa
- The measured and indicated gold resources now totals 26.2 million tonnes at 1.4 g/t gold for 1.15 million ounces, a three per cent increase
- The gold mineralisation remains open along strike and at depth with further drilling required to test the limits of the mineralisation
- Shares in Tietto are up 2.02 per cent and are trading at 50.5 cents
West African gold explorer and developer Tietto Minerals (TIE) has released an updated mineral resource estimate (MRE) for its Abujar gold project in Côte d’Ivoire, West Africa.
The measured and indicated gold resources now totals 26.2 million tonnes at 1.4 grams per tonne (g/t) gold for 1.15 million ounces, a three per cent increase.
The Abujar‐Pischon-Gludehi (APG) mineral resource totalled 41.9 million tonnes at 0.7 g/t gold for 960,000 ounces, a 10.5 per cent increase in gold ounces, and the South Gamina (SG) mineral resource totalled 1.6 million tonnes at 1.2 g/t gold for 60,000 ounces, a 213 per cent increase in gold ounces.
However, the Abujar‐Gludehi (AG) mineral resource totalled 55.2 million tonnes at 1.4 g/t gold for 2.43 million ounces, a 0.9 per cent decrease in gold ounces.
The gold mineralisation remains open along strike and at depth with further drilling required to test the limits of the mineralisation.
“Measured Resources provide an incredible tick of confidence for our Abujar gold project. These are robust estimates with conservative high‐grade cuts and search restrictions applied to manage the influence of the exceptionally high‐gold grades present at Abujar,” Managing Director Dr Caigen Wang said.
“We intend to refresh Abujar’s LOM production plan using the updated Mineral Resource. Within the DFS pit at AG Core, combined Measured and Indicated resources now account for 95 per cent of mineral resources, with just five per cent remaining as inferred resources.”
Shares in Tietto were up 2.02 per cent and trading at 50.5 cents just before market close on Monday.
