Turaco Gold Ltd (ASX:TCG) has confirmed continuous and thick mineralisation through drilling at its Woulo Woulo target, yielding intercepts such as 74 metres at 1.09 grams per tonne from 137 metres; 52 metres at 1.32 grams per tonne from 166 metres; and 54 metres at 1.03 grams per tonne from 116 metres.
The company has been running a program of infill, depth extension and exploration drilling at Woulo Woulo, which is part of its wider Afema Gold Project in Cote d’Ivoire, with 50 holes drilled for a total of around 7000 metres as part of Turaco’s resource definition work.
Results from only 17 holes have been reported, indicating solid continuity and providing support for modelling of both geometry and grade, with results from 3 deeper holes indicating the possibility of very high gram metre (more than 50gm) extensions in the northern 1 kilometre strike of the deposit.
This work followed on from Turaco’s earlier depth extension drilling, which yielded intercepts such as 105 metres at 1.61 grams per tonne from 135 metres; and 75 metres at 1.01 grams per tonne from 138 metres.
Managing director Justin Tremain said the exploration work was putting Afema on-track for a strong maiden resource estimate release.
“Woulo Woulo drilling, testing for depth extensions in the top 200 metres, continues to return very broad intersections, typically over 40-60 metres in true width, in the northern ~1 kilometre strike of the deposit,” he said.
“Continuity of grade, across strike and along strike, is excellent. The southern strike of the 3 kilometre long deposit is yet to see any drilling beneath ~120 metres however shallow drilling shows potential for additional high gram metre zones at depth.
“Turaco remains on track to announce a maiden JORC resource in the September quarter for the Afema Project.”
Turaco Gold has been trading at 19 cents.