Image Sourced ShutterStock
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Tietto Minerals reports 394.63 g/t grade gold in West Africa
  • 30,000m of drilling has been completed at the Abujar Gold Project in West Africa
  • 90 per cent of the 1,114km land still to be explored

Tietto Minerals announced today extremely high gold grades from its Abujar Gold Project in West Africa.

The breakout intercept for the company produced a gold strike of 394 g/t. Other positive results include 100.73 g/t, 22.53 g/t and 13.2 g/t.

Tietto Managing Director Caigen Wang expressed confidence in delivering another major resource increase update before the end of the year.

“These latest diamond holes confirm the presence of high to exceptionally high‐grade gold mineralisation at shallow depths at the northern half of the AG deposit, where we have already defined a resource of 1.06Moz Au at 2.1g/t,” he said.

As of today, 30,000 meters of drilling has been completed on site. Total tenements of the project makes up 1,114km squared. So far only 10 per cent has been explored.

The company will continue to report on drilling results in the coming weeks and months. Two Tietto diamond drill rigs and upcoming third rig will be accelerating drilling efforts for the company.

Late last month, the company announced in an ASX release a quarterly net cash update of $1.104 million.

Despite the announcement, the company’s place in the ASX dropped this morning by 3.33 per cent. Shares remain at 14.5 cents each in a company market cap of $41.63 million.

As seen below, the company has been celebrating a climb in the ASX in the past few months.

Please see the ASX announcement for further details

TIE by the numbers
More From The Market Herald
Star Minerals (ASX:SMS) - CEO, Greg Almond

" Star Minerals (ASX:SMS) launches stage two drilling at Tumblegum South

Star Minerals (ASX:SMS) launches a stage two definition drilling at its Tumblegum South gold project in…
ALS (ASX:ALQ) - Managing Director & CEO, Raj Naran

" ALS (ASX:ALQ) acquires MinAnalytical for $39m

Global testing, inspection and certification business ALS (ASX:ALQ) has acquired MinAnalytical for $39 million.

" Alto Metals (ASX:AME) extends gold mineralisation at Juno

Alto Metals (ASX:AME) has received further results from reverse circulation (RC) drilling at the Juno lode.

" American West Metals (ASX:AW1) confirms thick mineralisation at West Desert

American West Metals (ASX:AW1) confirms thick mineralisation near surface at the West Desert Project in Utah,…