Tietto Hits Very High-Grade Gold At AG South
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Tietto Hits Very High-Grade Gold At AG South

byThe Assay
5 years ago
Reading Time: 2 mins read
Tietto Hits Very High-Grade Gold At AG South

Intersections Include 1m @ 174g/t Au In West Afric

West African gold explorer and developer Tietto Minerals Limited (ASX: TIE) has drilled further high‐grade gold results from infill drilling at the Abujar‐Gludehi (AG) deposit, part of its 3.02Moz Abujar Gold Project in Côte d’Ivoire.

Managing Director, Dr Caigen Wang, said the latest results from AG reported will now be included in the next Abujar Mineral Resource update, due at the end of Q2 CY2021.

“Our infill and extensional drilling program at AG has delivered across a range of metrics; more high gold grades, increased resource confidence and resource growth,” Dr Wang said.

“We have delivered more high‐grades with ZDD539 hitting 1m @ 174.72 g/t Au adding to the string of high gold grades we have reported at AG South including a project best intercept of just over 1m at 0.53 kg/t gold which was delivered last week (11 May 2021).

“Our infill drilling is increasing confidence in the mineral resource, confirming mineralisation at or above expectations as we close up the drill pattern to Indicated spacing.

“We have also extended the known limits of gold mineralisation at AG Core down to 560m below surface and up to 200m down‐dip with our deepest holes confirming this large gold system remains open at depth.

“Results from the infill programme will be used in the resource update which is expected late in June. This model will be handed over to the mining engineers for open pit optimisation studies and we expect to see a material increase in Abujar Ore Reserves in the DFS.

“Once the infill programme is completed, we intend to use our diamond drill rigs to test the multitude of exploration targets around our proposed mill at Abujar to drive future resource growth.

“On the development front, our recent initiatives and work program demonstrate our progress towards delivery of our fully funded Abujar DFS in Q3 2021 and more broadly, positioning Abujar as West Africa’s next gold mine.”

  • Multiple high‐grade gold drill results at its 3.02Moz Abujar Gold Project also include:
  • 15m @ 2.34 g/t Au from 558m incl. 6m @ 3.36 g/t Au;
  • 3m @ 10.85 g/t Au from 144m; and
  • 27m @ 1.14 g/t Au from 347m incl. 3m @ 4.10 g/t Au.

Tietto has now extended its infill diamond drilling programme cut‐off date to 24 May 2021 to include more results; Abujar Mineral Resource update now due by end of June quarter.

It expects the recent drilling will underpin a material upgrade to Abujar Ore Reserves of 15.7Mt @ 1.7g/t Au for 0.86Moz (maiden open pit) within AG 22.9Mt @ 1.5g/t Au for 1.12Moz Mining Inventory and open‐pitable Inferred Resources identified at APG (8.1Mt @ 0.8g/t Au for 0.2Moz) within the Expanded Project study.

Tags: ASX:TIECôte d’IvoireExplorationGoldPrecious MetalsWest Africa
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