Tietto Minerals Ltd (ASX:TIE) has received more shallow high-grade gold results from extensional diamond drilling which demonstrate continued growth of the Abujar‐Gludehi (AG) gold mineralised system within the 2.2 million-ounce Abujar Gold Project, in Côte d’Ivoire, West Africa.
Drilling results include 6 metres at 17.5 g/t from 34 metres, 2 metres at 2.86 g/t from 113 metres and 3 metres at 2.22 g/t from 56 metres and these are outside the resource at AG South.
Adding to open-pit potential
Tietto managing director Dr Caigen Wang said: “We are pleased to report more high‐grade shallow drill intercepts at Abujar that add to the potential of generating open pittable resources at AG South, just 1.5 kilometres along strike from the high‐grade core of AG (19.3 million tonnes at 2.2 g/t for 1.38 million ounces).
“Our drill results from AG South have demonstrated further high‐grade gold mineralisation, adding to our belief the growing AG South deposit has potential to provide near‐surface gold resources.
“This would add considerable value to the development of gold operations centred on AG.”
Assay results for more than 2,000 diamond core samples are pending.
With cash reserves of $17.4 million, Tietto’s fully funded 50,000‐metre drill program continues with the goal of increasing the resource inventory of existing deposits as well as identifying new prospects within the Abujar project’s 70-kilometre-long gold corridor, of which 90% of the strike length remains to be tested.
The company’s ongoing diamond drilling program at AG South, which is 1.5 kilometres south and along strike from the high-grade core at AG North, is testing the limits of high‐grade gold mineralisation below extensive artisanal workings.
Tietto is planning further drilling to test the high-grade near-surface mineralisation along a 8.5 kilometre strike-length from the APG deposit to AG South, which has the potential to provide low strip feedstock for a future gold operation
The company is also set to drill the Gamina prospect, a 4.5=kilometre untested strike‐length immediately north of the high‐grade AG deposit which contains extensive large‐scale artisanal workings.
Drilling is expected to begin in late March 2020.
Resource estimate expected late 2020
Tietto continues to benefit from operating with some of the lowest exploration costs in the gold sector, with four company‐owned rigs driving cost efficiency.
The steady flow of drill results expected over the next six months will be incorporated into an Abujar resource update scheduled for quarter three of 2020.