The results from the company’s ongoing infill drilling program confirm strike continuity of high-grade, near-surface gold mineralisation.
Drilling was designed to extend the high-grade core at the AG deposit which hosts 1.06 million ounces of gold at 2.1 g/t, with an updated resource estimate expected by the end of 2019.
Tietto managing director Caigen Wang said: “These latest diamond holes confirm the presence of high to exceptionally high-grade gold mineralisation at shallow depths at the northern half of the AG deposit, where we have already defined a resource of 1.06 million ounces at 2.1 g/t.
“We continue to raise the bar with our drilling and this latest project-high intercept of 394 g/t gold will add further shallow high-grade ounces to our resource update planned for the end of the year.
“As Tietto has its own fleet of diamond drill rigs, we are in an excellent position to quickly define additional high-grade gold resources as indicated by our recently reported high-grade intersections, including 2 metres at 53 g/t gold, 1 metre at 103 g/t, 1 metre at 194 g/t and now 1 metre at 394 g/t.
“We are very confident that Tietto can deliver another major resource increase before the end of the year.”
New results include:
4 metres at 100.73 g/t gold from 77 metres;
7 metres at 4.68 from 87 metres, including 1 metre at 13.16 g/t from 87 metres;
2 metres at 8.78 g/t from 92 metres, including 1 metre at 13.2 g/t;
5 metres at 5.29 g/t from 146 metres, including 1 metre at 12.52 g/t from 150 metres; and
4 metres at 8.48 g/t from 195 metres, including 1 metre at 22.53 g/t from 196 metres.
Following completion of the current holes, the diamond drill rigs will move to section lines 30, 31 and 32 to test the strike extension of the gold mineralisation exposed by extensive surface artisanal workings as shown in the figure below:
Tietto will continue to report drilling results as the company accelerates its drilling efforts with its existing two diamond drill rigs and a third on the way.