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Tietto Minerals (ASX:TIE) intersects 119.87 g/t gold at AG Core

ASX News, Mining
ASX:TIE      MCAP $762.6M
08 June 2022 14:23 (AEST)

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Tietto Minerals (TIE) has intersected up to 119.87 grams per tonne (g/t) gold at AG Core within its Abujar gold project in Côte d’Ivoire, West Africa.

Around 4000 metres of infill diamond drilling is being carried out at AG Core to further increase the measured resource with results received for the latest six holes.

Results include 10 metres at 16.6 g/t gold from 42 metres including one metre at 119.87 g/t gold, and 1.25 metres at 26.35 g/t gold from 33.75 metres.

Of the results received to date from AG Core, 73 have graded more than 50 g/t gold while 13 have graded more than 200 g/t gold.

Further drilling has been planned to assess the potential below the planned definitive feasibility study open pit and test the limits of the gold mineralisation which remains open at depth.

Drilling was also completed at AG South to convert the indicated resources to measured.

Results were received for 10 diamond holes with best intersections including one metre at 17.64 g/t gold from 211 metres and two metres at 6.1 g/t gold from 258 metres.

As the gold mineralisation at AG South remains open, Tietto has planned a further drilling program to assess the potential.

“I am pleased to report more shallow high‐grade mineralisation from our infill drilling at AG Core and AG South,” Managing Director Dr Caigen Wang said.

“The drilling at AG Core is part of a small, targeted program designed to allow for further increases to Measured Resources in the next MRE update.

“Once this program is completed, our drill rigs will again move to the still largely untested potential of the main Abujar Shear and undertake new resource definition drilling.”

Shares in Tietto were up 2.56 per cent on the market and were trading at 40 cents at 1:08 pm AEST.

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