West African gold explorer and developer Tietto Minerals Limited (ASX: TIE) has obtained high‐grade gold results from the fifth 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.
Tietto Managing Director, Dr Caigen Wang, said: “Our fifth 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. The infill program is designed to convert Indicated Resources to Measured Resources, which are scheduled to be mined within the first two years of production.
“These impressive results follow our DFS last month that confirmed Abujar’s potential to be one of the largest gold producing mines in Côte d’Ivoire, expected to produce more than 260,000 ounces of gold in the first year and 1.2M ounces of goldin the first six years.
“We are also extremely pleased with the quality of the institutions that have indicated their interest to provide the project funds needed to develop the Abujar Gold Project into West Africa’s next gold mine, as announced earlier this week.”
Infill Drilling – AG Resource
This latest 12 diamond drill holes (2,526.5m) were completed as part of Tietto’s infill drilling programme which aims to increase confidence in Abujar mineral resource estimates (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 now reported results for 90 holes for 15,555m with the release of this fifth batch. Significant intersections (>=20 gold gram metres) from the programme.
With $32.8 million cash at the end of September 2021, Tietto remains very well positioned to advance its dual strategy in 2021:
1) Continue to drive rapid resource growth at the 3.35Moz Abujar Gold Project; and
2) Fast‐track development of the Abujar Gold Project.
Aggressively exploring at Abujar to drive rapid resource growth:
- Targeting 100,000m of diamond drilling in 2021 using six Company‐owned DD rigs drilling at US$35/m;
- Drill testing 8.5km of fertile Abujar main shear along strike from the existing AG and APG deposits; and
- Drill testing high priority regional targets