viewTietto Minerals Ltd

Tietto Minerals plans to drill 50,000 metres at gold project in 2020


Tietto is focused on its flagship 2.15-million-ounce Abujar Gold Project in Cote D’Ivoire, West Africa.

Tietto Minerals Ltd - Tietto Minerals plans to drill 50,000 metres in 2020

Quick facts: Tietto Minerals Ltd

Price: 0.38 AUD

Market: ASX
Market Cap: $134.95 m

Tietto Minerals Ltd (ASX:TIE) has taken delivery of a fourth company drill rig and has ordered a fifth rig and plans to drill 50,000 metres or more at Abujar Gold Project in Cote D’Ivoire by the third quarter of this year.

The company is well funded to deliver on 2020 drilling plans after securing $17 million in funding during the December quarter via a share placement.

Drilling is focused on the Abujar project where Tietto recently increased the JORC resource estimate by 24% to 2.15 million ounces grading 1.5 g/t gold.

The resource is split between the Abujar‐Gludehi (AG) deposit and the Abujar‐Pischon‐Golikro (APG) deposit.

Targeting rapid resource growth

The 50,000-metre drilling program aims to deliver a resource upgrade in the September quarter of 2020.

The program is targeting rapid resource growth through resource definition drilling at AG, AG Deeps and APG.

Drilling will also test high-priority regional targets within trucking distance of the AG deposit.

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