Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Tietto Hits has intercepted high-grade gold intercepts at its Abujar project in Cote D’Ivoire.
  • Gold grades up to 14.8 grams per tonne have been identified, following a 30,000 metre diamond drilling campaign
  • The Abujar project is forecast to hold 1.7 million ounces of gold
  • Tietto Hits’ share price is up 15.91 per cent today, currently sitting at 26 cents apiece

High-grade gold intercepts have been discovered at Tietto Hits’ Abujar project in Cote D’Ivoire.

The latest finds were identified during the company’s diamond drilling project, which targeted the Abujar-Gludehi (AG) deposit.

Gold grades up to 14.8 grams per tonne from 42 metres were recorded during the 30,000 metre drill campaign.

Abujar-Gludehi is forecast to produce 1.06 million ounces of gold and makes up part of the 1.7 million ounce Abujar Gold Project.

“Once again, we are very pleased to report more wide, exceptionally high-grade intercepts at AG. Our 3 diamond drills continue to hit wide high-grade intervals on section after section,” Tietto’s Managing Director, Dr Caigen Wang, said.

The company also operates gold projects in neighbouring country Liberia, solidifying its presence in West Africa.

Today the market has responded favourably to Tietto Hits’ high-grade gold finds. Shares in the company are trading for 26 cents apiece after a 15.91 per cent boost, just before market close.

TIE by the numbers
More From The Market Herald

" Jervois Global (ASX:JRV) sees higher costs to bring its Idaho cobalt operation to production

Jervois Global (ASX:JRV) will experience higher costs to bring its Idaho cobalt operation (ICO) in the…
The Market Herald Video

" Aeris Resources’ (ASX:AIS) Round Oak buy gets “overwhelming” shareholder approval

Aeris Resources (ASX:AIS) has received "strong support" from its shareholders at the Extraordinary General Meeting over…
The Market Herald Video

" Parkway Corporate (ASX:PWN) boosts stake in Karinga Lakes project to 40pc

Parkway Corporate (ASX:PWN) has increased its ownership of the Karinga Lakes potash project (KLPP) in the…
The Market Herald Video

" Horizon Minerals (ASX:HRZ) eyes $6m for WA projects

Emerging mid-tier gold producer Horizon Minerals (ASX:HRZ) has received firm commitments to raise $4 million via…