PriceSensitive

Tietto Minerals (ASX:TIE) uncovers significant gold at Abujar‐Gludehi

Mining
ASX:TIE      MCAP $765.5M
03 April 2020 04:30 (AEST)

Tietto Minerals (TIE) has reported further high‐grade gold results from diamond drilling at the Abujar‐Gludehi (AG) deposit.

This deposit is located within Tietto’s 2.2 million-ounce Abujar Gold Project in Côte d’Ivoire, West Africa.

The West African gold explorer is testing the extension of the high‐grade core (19.3 million tonnes at 2.2 g/t gold for 1.38 million ounces) of the AG resource.

So far, the company has drilled seven diamond holes, for 2541 metres, with results received for five holes. Three were reported late last month, two have just been received and two holes have assays pending.

The most recent high-grade results include 7 metres at 9.38 g/t gold from 259 metres including 1 metre at 53.49 g/t gold, and 4 metres at 5.06 g/t gold from 318 metres.

“AG continues to expand, and I am very pleased to report that the latest batch of assays from our ongoing drill program has again reported high‐grade gold mineralisation in multiple stacked lodes,” Managing Director Dr Caigen Wang said.

“These results will add more ounces to the high‐grade core of the AG resource in the upcoming resource update in Q3 2020,” he added.

COVID-19

In relation to the COVID-19 pandemic, the company is still able to continue operating as it adopted extensive hygiene and self-isolation policies early on.

Tietto assures it is implementing all the necessary protocols to protect its employees while mining activities continue.

Tietto has started stockpiling supplies, fuel and drilling consumables during February just in case freight delays and inconsistencies affect business operations

Tietto is up 2.63 per cent and shares are trading for 19.5 cents each at 3:45 pm AEDT.

Related News