leadf
logo-loader
viewTietto Minerals Ltd

Tietto Minerals extends AG gold at depth ahead of Abujar resource update

The company has reported nearly 40 high-grade gold intersections over 50 gold grams metres within the high-grade core at Abujar-Gludehi.

Tietto Minerals Ltd - Tietto Minerals hits gold up to 13 metres at 2.19 g/t gold ahead of September Abujar-Gludehi resource update
More than 1,600 samples are at the lab with further results expected shortly

Tietto Minerals Ltd (ASX:TIE) has extended gold mineralisation at depth below the existing Abujar-Gludehi (AG) mineral resource at Abujar project in Côte d’Ivoire, West  Africa, with results of up to 13 metres at 2.19 g/t from 385 metres.

The results have extended high-grade gold mineralisation at AG to 550 metres vertical with the large, high‐grade gold system remaining open along strike and down dip. 

These new results, on top of recent strong intersections from outside the existing AG resource, are expected to result in a positive uplift in the next Abujar resource estimate which is on track for next month.

High-grade intersections

The 13-metre intersection included 4 metres at 5.13 g/t with another strong result being 7 metres at 3.07 g/t from 604 metres, including 4 metres at 4.98 g/t.

Tietto has received nearly 40 high-grade gold intersections over 50 gold gram metres within the high-grade core at AG.

Driving rapid resource growth

Managing director Caigen Wang said: “Another round of strong assay intercepts from our ongoing diamond drilling program demonstrates the continued growth of the AG high-grade core at depth.

“Drill results being reported include open-pit style high-grade gold mineralisation on Section 25B and now also demonstrate strong potential for underground high-grade mineralisation down to 550 metres below surface on Section 21.

“Our diamond drill teams drilled 8,520 metres of core in July and this allows Tietto to drive rapid resource growth from this large high-grade gold deposit at an extremely low discovery cost.”

Tietto plans to drill more holes along strike at AG as well as further step-back drilling to test the depth limits of the large gold system.

COVID-19

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

Regular shipments of supplies and fuel are being received at site with Tietto prepared for any interruption in freight movement.

Next steps

The company has completed more than 50,000 metres of drilling to date and continues with additional programs of work until the resource cut-off date at the end of August.

Tietto has five company-owned drill rigs at the Abujar project site, with four rigs drilling day and night as well as one rig as a back-up.

Further drilling results are expected in the coming weeks.

Quick facts: Tietto Minerals Ltd

Price: 0.56 AUD

ASX:TIE
Market: ASX
Market Cap: $252.23 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Tietto Minerals Ltd named herein, including the promotion by the Company of Tietto Minerals Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Peninsula Energy continues in a strong financial position, debt free and...

Peninsula Energy (ASX: PEN) CEO Wayne Heili joined Steve Darling from Proactive to provide an update on the company that has seen a lot of milestones hit this year. Heili telling Proactive about their cash position, current activities at the Lance Project and what he sees as projected revenue...

1 hour, 41 minutes ago

2 min read