- Tietto Minerals (TIE) has reported more high-grade gold mineralisation from the Abujar-Gludehi (AG) deposit which is part of the Abujar Gold Project in Côte d’Ivoire
- The West African gold explorer has conducted over 50,000 metres of diamond drilling since November last year
- The program is aimed at upgrading the existing resource of 19.3 million tonnes at 2.2g/t gold for 1.38 million ounces
- Latest result intersected up to 4.98g/t and 5.13g/t gold and the mineralisation remains open along strike and at depth
- Drilling is ongoing and Tietto is set to release the updated mineral resource next month
- Company shares closed 3.36 per cent in the red to trade for 57.5 cents
Tietto Minerals (TIE) has reported further high-grade gold from the Abujar-Gludehi (AG) deposit which is part of the Abujar Gold Project in Côte d’Ivoire.
The West African gold explorer has conducted over 50,000 metres of diamond core drilling since November 2019. In July alone, Tietto completed 8520 metres of diamond drilling.
This ongoing program is testing the extension of the AG deposit’s high-grade mineral resource of 19.3 million tonnes at 2.2g/t gold for 1.38 million ounces.
Latest results successfully intersected high-grade gold mineralisation. Best results include 13 metres at 2.19g/t gold from 385 metres including four metres at 5.13g/t gold, seven metres at 3.07g/t from 604 metres including four metres at 4.98g/t gold.
High-grade gold mineralisation remains open along strike and at depth.
“Another round of strong assay intercepts from our ongoing diamond drilling program demonstrates the continued growth of the AG high‐grade core at depth,” Managing Director Dr Caigen Wang said.
“Our diamond drill teams drilled 8520 metres of core in July. This allows Tietto to drive rapid resource growth from this large high‐grade gold deposit at an extremely low discovery cost,” he added.
The company plans to drill more holes along strike at the AG deposit, as well as step-back drilling to test the depth of the high-grade gold system.
Ultimately, the ongoing drilling is preparing for an increase to the resource inventory of existing deposits with the cut-off date being at the end of this month. Therefore, Tietto is set to release the updated mineral resource in September.
Company shares closed 3.36 per cent in the red to trade for 57.5 cents each.