Tietto Minerals Ltd

Tietto Minerals shareholders approve capital raising

The company aims to expand its 1.38 million ounce gold deposit within the Abujar Gold Project.

Tietto Minerals Ltd - Tietto Minerals shareholders approve capital raising
Shares in the company are up 50% over the past month last trading at 24 cents

Tietto Minerals Ltd (ASX:TIE) shareholders have voted in favour of the recent two-tranche placement that secured $7.6 million in funding.

The funding has played a major role in recent exploration success at the company’s Abujar Gold Project in Côte d’Ivoire.

In late July 2019, Tietto revealed a number of high-grade gold intersections from multiple diamond drill holes including 7 metres at 20.63 g/t gold from 254 metres.

Tietto continues to advance its 30,000-metre drill program at Abujar with its owned two diamond drill rigs and recently purchased a third diamond drill rig.

Drilling is focused on the 1.38 million ounce Abujar‐Gludehi deposit and Tietto aims to expand the JORC resource by the end of the calendar year.

Quick facts: Tietto Minerals Ltd

Price: $0.23

Market: ASX
Market Cap: $38.99 m

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