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Tietto Minerals at record high after hitting 64.3 g/t gold in diamond drilling at Abujar project

The results and recent intersections from outside the existing resource area add to the potential for a positive uplift in the mineral resource estimate.

Tietto Minerals Ltd - Tietto Minerals hits 64.30 g/t gold in recent diamond drilling at Abujar Gold Project in Côte d’Ivoire
Tietto remains well-funded to deliver project milestones during 2020

Tietto Minerals Ltd (ASX:TIE) reached a new all-time high of 49 cents after intersecting high-grade gold of up to 64.3 g/t in recent diamond drilling at its Abujar Gold Project in Côte d’Ivoire, West Africa.

The results from the AG South deposit demonstrate continued growth of the Abujar-Gludehi (AG) mineralised system within the Abujar project.

Shares have been 2% higher today to 49 cents and closed at 48.5 cents, up from 11.5 cents on March 23 and 32 cents on May 28,

Potential resource uplift

Of the new results, the best intersection occurred outside the Abujar mineral resource and included 8 metres at 8.30 g/t gold from 183 metres, including 1-metre at 64.30 g/t.

These results add to the potential for a possible uplift in the upcoming mineral resource estimate, which is on track for delivery in September 2020.

Extensions of high-grade gold

Managing director Dr Caigen Wang said: “These latest drill results yet again demonstrate extensions of high-grade gold mineralisation at AG South, which would add considerable value to the development of the open-pit gold operations centred on the high-grade core at AG.”

The company’s ongoing drilling program, part of a 50,000-metre campaign is testing the strike and depth extensions located south the high-grade AG core.

Results have been received for five holes, including partial results for four holes, with assays pending for another six holes.

Tietto is planning to drill further holes along strike as well as additional step-back drilling to test the depth limits.

COVID-19

The company’s exploration activities continue at site with no cases of COVID-19 reported by employees.

Regular shipment of supplies and fuel are being received at the site and Tietto is prepared for any interruption in freight movement while maintaining stockpiles of supplies, fuel and drilling consumables on site.

Next steps

Tietto has five company-owned drill rigs at the Abujar project site with four rigs drilling day and night.

The company expects to report more drilling results in the coming weeks.

Quick facts: Tietto Minerals Ltd

Price: 0.605 AUD

ASX:TIE
Market: ASX
Market Cap: $215.78 m
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