viewTietto Minerals Ltd

Tietto Minerals hits 134.48 g/t within 4 metres at 35.08 g/t at AG ahead of Abujar resource update

The company is planning aggressive drilling programs into 2021 using its own fleet of diamond rigs to deliver rapid resource growth at low discovery costs per ounce.

Tietto Minerals Ltd - Tietto Minerals hits further high-grade gold results Abujar-Gludehi in Côte d’Ivoire ahead of resource estimate in October
The Abujar pre-feasibility study is on track for the first quarter of 2021

Tietto Minerals Ltd (ASX:TIE) has hit up to 134.48 g/t gold within 4 metres at 35.08 g/t in drilling at Abujar-Gludehi (AG) deposit within the Abujar Gold Project in Côte d’Ivoire, West Africa, demonstrating the mineralised system's potential for continued growth.

These strong results within a 21-metre intersection at 7.34 g/t from 173 metres precede a resource estimate update for the 2.2-million-ounce Abujar project .

This is on schedule to be delivered in the middle of next month following completion of a 61,000-metre drill program with a pre-feasibility study (PFS) for the project on-track for the first quarter of 2021.

Another positive new result from the program is 7 metres at 2.36 g/t from 208 metres.

Developing open-pittable resource

Managing director Caigen Wang said: “This is a good result from section line 25B that further confirms the potential of our high-grade AG deposit where we expect to be able to develop an open pittable resource.

“We will soon receive all the assays from more than 61,000 metres of diamond drilling at Abujar to add to our resource update, which remains on track for release in mid-October.”

Tietto has four of its own diamond drill rigs active on multiple targets to drive resource growth:

  • At AG where the company is extending the high-grade core currently sitting at 19.3 million tonnes at 2.2 g/t gold for 1.38 million ounces;
  • AG South, where the company is testing shallow high-grade gold mineralisation directly south of AG;
  • At APG where Tietto is extending shallow oxide resource 7 kilometres south of AG; and
  • At GGL directly north of AG where there are extensive artisanal workings.

Next steps

Tietto has now reported 40 high-grade gold intersections of more than 50 gold gram metres within the high-grade core at AG.

The company plans to drill more holes along strike at AG, as well as further step-back drilling to test the depth limits of this large, high-grade gold system as part of aggressive exploration drilling programs targeting resource growth into 2021.

Substantial exploration upside remains at Abujar, made up of three contiguous tenements covering multiple parallel gold mineralised zones over a 70-kilometre shear structure that remains untested by drilling.

Artisanal workings at Gamina North.

Quick facts: Tietto Minerals Ltd

Price: 0.44 AUD

Market: ASX
Market Cap: $200.17 m

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