viewTietto Minerals Ltd

Tietto Minerals hits shallow high-grade gold up to 13 metres at 3.1 g/t at Abujar Gold Project

The company is targeting high‐grade near‐surface mineralisation along strike from APG deposit to AG South, which has the potential to provide low-strip feedstock for a future operation.

Tietto Minerals Ltd - Tietto Minerals hits shallow high-grade gold up to 3.1 g/t from 10 metres at Abujar Gold Project
An Abujar resource estimate update is expected in the September quarter this year

Tietto Minerals Ltd (ASX:TIE) has intersected shallow, high-grade gold of up to 13 metres at 3.1 g/t from 10 metres in diamond drilling at the Abujar Gludehi (AG) gold system within the Abujar Gold Project in Cote d’lvoire, West Africa.

The results demonstrate the continued growth of the AG gold mineralised system ahead of a resource estimate update in the September quarter of 2020.

Tietto is targeting high-grade surface mineralisation along the 8.5 kilometres of strike-length from the APG deposit to AG South, which has the potential to provide low-strip feedstock for a future gold operation.

“High-grade near-surface resources”

Managing director Caigen Wang said: “These latest diamond drill results are shallow, high-grade and just 1.5 kilometres south along strike from the high-grade core of 19.3 million tonnes at 2.2 g/t gold for 1.3 million ounces.

“We believe that with continued exploration there is potential to link AG up with APG, which is 7 kilometres south.

“Results like these at shallow depths could translate into the development of high-grade near-surface gold resources, providing added value to a development centred on AG North.”

Other notable intersections:

  • 1-metre at 30.81 g/t gold from 106 metres;
  • 1-metre at 18.37 g/t gold from 66 metres;
  • 1-metre at 18.28 g/t gold from 76 metres; and
  • 1-metre at 17.99 g/t gold from 98 metres.

 Assay results from 4,000 diamond core samples are pending.

Next steps in Q1

With cash reserves of $17.4 million, Tietto’s fully funded 50,000-metre drilling program continues with the goal of increasing the resource inventory at existing deposits as well as identifying new prospects within the Abujar project’s 70-kilometre long gold corridor, of which 90% of strike length remains to be tested.

The company is also set to drill 4.5 kilometres of untested strike-length north of the high-grade AG deposit, which contains extensive large-scale artisanal workings.

This drilling s expected to begin in March 2020.

Tietto is also continuing to benefit from operating with some of the lowest exploration costs in the gold sector, with four company-owned rigs in operation driving this cost-efficiency.

This will ensure a steady flow of drill results over the next six months which will be incorporated into the resource update.

Quick facts: Tietto Minerals Ltd

Price: 0.54 AUD

Market: ASX
Market Cap: $192.6 m

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