Three Highly Anomalous Zones Defined In Cote d’Ivoire.
Turaco Gold Limited (ASX: TCG) has identified exceptional high-grade gold geochemistry from soil sampling undertaken at the Eburnea Gold Project at the Eburnea Gold Project in Cote d’Ivoire.
An initial permit wide, broad spaced soil sampling programme undertaken by Turaco identified anomalous gold-in-soils within the northern portion of the permit.
A recent infill programme on a 100m by 250m grid has returned very encouraging high tenor anomalism up to 19.6g/t gold. Terrain and ternary radiometrics indicates that these samples are largely in-situ.
There are no known artisanal workings across the defined anomalies although there are extensive artisanal workings along strike, with a legally designated artisanal mining area adjoining the permit immediately along strike to the north.
Each of the anomalies have a strike length of >2km. Importantly each contains a very high tenor core to the anomaly of >120ppb gold across consecutive soil sampling lines extending for over 1.5km.
All three gold anomalies remain open and limited only by the extent of the soil sampling grid. An area extending for approximately 4.5km between the three gold anomalies remains unsampled.
Managing Director, Justin Tremain, said additional soil sampling closing this central gap has commenced with auger drilling to commence thereafter. Turaco expects to commence auger drilling the anomalies by the end of August 2021, following completion of an auger programme on the adjacent Satama permit which commences this week.
“To define several +2km anomalies, each supported by coherent, high tenor anomalism of >120ppb gold, is highly encouraging,” Mr Tremain said.
“We will now rapidly advance the prospects to drill ready targets. We are also looking forward to formally completing the acquisition of Resolute’s large exploration package this week and commencing our maiden drilling at Boundiali in the next couple of weeks.”
The Eburnea project is situated on the highly prospective Oume-Fetekro greenstone belt. The belt is one of the most prolific gold belts in Cote d’Ivoire and hosts Allied Gold’s Bonikro and Agbaou gold mines and Endeavour Mining’s 2.5Moz Fetekro development project.
Turaco has an 80% interest in the Eburnea Gold Project with a right to increase to 90% upon completion of a feasibility study.
The adjacent Satama permit, being acquired as part of the Resolute acquisition, will grow the Eburnea Gold Project to approximately 690 sq. km. The project is located approximately 20km south of the 2.5Moz Fetekro project of Endeavour Mining.
In other news all conditions precedent under the Resolute Sale Agreement have now been satisfied and as provided in the agreement, formal completion is expected to occur this week. The Randgold pre-emptive right has expired and accordingly Turaco will acquire the entire exploration portfolio of 6,194 sq. km.
Turaco will commence exploration works immediately, with an auger rig mobilised to Satama permit to commence drilling this week. An aircore rig is expected to be mobilised to the Boundiali Project within the next two weeks to commence shallow step-out drilling at Nyangboue prospect, with a RC rig expected to be mobilised to site at the beginning of September 2021.
For further information please visit: https://turacogold.com.au/