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Tietto Minerals (ASX:TIE) receives further results from Abujar-Gludehi

ASX News, Mining
ASX:TIE
30 November 2021 13:56 (AEDT)

Bird's-eye view of the Abujar gold project in West Africa. Source: Tietto Minerals

Tietto Minerals (TIE) hits high-grade gold from its sixth batch of drilling at the Abujar-Gludehi (AG) deposit in Côte d’Ivoire, West Africa.

The Abujar-Gludehi deposit is part of Tietto’s Abujar Gold Project, which lies roughly 30 kilometres from the city of Daloa.

These results come from Tietto’s infill drilling program, which aims to increase the confidence in the Abujar mineral resource estimate of 35 million tonnes at 1.5 grams of gold per tonne (g/t) for 1.65 million ounces.

New results include eight metres at 7.17g/t gold from 120 metres including one metre at 54.56g/t gold, and seven metres at 11.87g/t gold including three metres at 27.3g/t gold.

Managing Director Dr Caigen Wang commented on the drilling program.

“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,” Dr Wang said.

“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.”

Tietto is now waiting on results for a further 100 holes, which are expected in December.

Additionally, six diamond drill rigs are onsite with the next resource update due in Q1 2022.

Shares in Tietto were up 2.41 per cent on the market and were trading at 42.5 cents at 12:55 pm AEDT.

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