Gold Mineralisation Remains Open At Depths Well Below Open Pit Limits
West African gold explorer and developer Tietto Minerals Limited (ASX: TIE) has unveiled high-grade gold results from the third batch of infill drilling recently completed at the Abujar-Gludehi (AG) deposit, part of its 3.35MozAbujar Gold Project in Côte d’Ivoire, West Africa.
“Our third batch of results from our infill drilling program at Abujar is delivering up more high-grade gold intercepts that continue to de-risk open pit mining at Abujar,” Managing Director, Dr Caigen Wang, said.
“The infill programme is designed to convert Indicated Resources to Measured Resources, which are scheduled to be mined within the first two years of production.
“These results validate our strategy of using our own diamond drill rigs drilling at 10,000m a month to deliver a constant flow of high-grade gold intercepts with three intercepts reporting over 100 gold gram metres, and two of these were from one hole ZDD685.
“These impressive results follow hard on the heels of our DFS last week that confirmed Abujar’s potential to be one of the largest gold producing mines in Côte d’Ivoire with more than 260,000 ounces of gold expected to be produced in the first year and 1.2M ounces of gold in the first six years.
“We are confident the Abujar Gold Project will continue to enjoy growth in both Resources and Reserves through our continued large-scale drilling program. We are focused on advancing the Abujar Gold Project towards becoming West Africa’s next gold mine.”
Infill Drilling – AG Resource
This announcement relates to 33 diamond drill holes (5,377m) completed as part of an infill drilling program which aims to increase confidence in current mineral resource estimates at Abujar (i.e., upgrading Indicated Resources to Measured Resources).
Tietto is completing infill drilling at AG on 25m line spacing (Measured Resource) between Section Lines 14 to 30 across the AG Core to a depth covering the first two years of gold production at Abujar (~120m vertical depth).
Tietto has completed another 66 holes for 12,897m with assay results outstanding, and plans to drill a further 5,755m in its infill program. At current drilling rates, Tietto expects the infill program across AG Core to be completed with all assays received before the end of November 2021.
Drilling has intersected good widths and grades in assays received to date with another two intersects adding to the tally of 51 intervals greater than 50 gold gram metres at AG Core.
Gold mineralisation remains open at AG core at depths well below open pit limits and further drilling will be required to assess the potential for underground mining below the planned DFS open pit.
Fast tracking development of the Abujar Gold Project:
Tietto continues to deliver milestones during 2021 and recently released key findings from a Definitive Feasibility Study (DFS) that demonstrated robust financial results and estimated gold production of 260,000oz in the first year and 200,000oz per year over the first six years of Abujar’s 11-year mine life.
Tietto has secured a SAG mill for the project and Engineering Design of the Abujar Gold Mine Processing Plant is being undertaken by Primero Group, a Perth-based specialist mine design company.
The Company is negotiating the Abujar Mining Convention with the Ivorian Government, being the final regulatory step for the Company to achieve, with all mining and environmental approval already secured.
Tietto’s owner’s team is focused on value enhancement areas identified by the DFS and are implementing plans for the commencement of long-lead activities to ensure an expedited route to gold production at Abujar.
For further information please visit: https://www.tietto.com/
