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Tietto Minerals (ASX:TIE) returns further high grade results from Abujar

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ASX:TIE      MCAP $769.0M
29 June 2022 13:11 (AEST)

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Tietto Minerals (TIE) has returned further high-grade gold intercepts from its Abujar Gold Project in Côte d’Ivoire, West Africa.

The company received results from step-out drilling completed at five prospects along the Main Abujar Shear, where 77 holes were drilled for 15,307 metres.

The assay results included one metre at 47.53 grams of gold per tonne (g/t) from 258 metres and one metre at 25.14 g/t gold from 26 metres.

Tietto’s work confirmed gold mineralisation over a 4600-metre strike of previously undrilled areas on the main shear. These results will now be incorporated into its next mineral resource estimate update.

“We will add another two diamond drill rigs at the end of July to increase our diamond drilling capacity of more than 100,000 metres annualised at Abujar and lift the tempo of drill testing the fertile main Abujar Shear as we move into gold production,” Managing Director Dr Caigen Wang said.

Meanwhile, assays are still pending for infill holes drilled at AG South and AG Core.

Tietto still has six diamond drill rigs actively spinning, with more than 100,000 metres of drilling forecast for this year.

The company said its fully funded to production at Abujar, which has the potential to become one of the largest gold producing mines in Côte d’Ivoire.

Tietto Minerals was down 3.08 per cent, trading at 31.5 cents at 1:10 pm AEST.

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