- Tietto Minerals (TIE) has revealed the latest assay results from its Abujar gold project in Cote d’Ivoire
- The Perth-based, West Africa-focused gold miner has returned gold assays in step-out drilling some 150 metres below its 2.2 million gold ounce mineral resource
- Assays included seven metres at 8.6 grams per tonne, including three metres at 17.16 grams per tonne, struck at 440 metres downhole
- Tietto has committed to releasing more of its step-out drilling results once the assays have been completed
- Significantly, it’s possible the Abujar resource could expand even further
- Tietto Minerals shares are up 6.6 per cent today, trading for 56.5 cents each
Tietto Minerals (TIE) has revealed the latest assay results from its Abujar gold project in Cote d’Ivoire.
The company hit several results underneath its already measured gold resource on the project.
Some of the new intercepts were hit as far as 150 metres down from where the company’s current resource estimate for the site ends.
The deepest intercept was seven metres at 8.6 grams per tonne gold, struck at a depth of 440 metres downhole. This core included a three-metre result at 17.16 grams per tonne.
Another drill intercept returned a two-metre-long core, assaying at 15.91 grams per tonne gold, struck at a depth of 223 metres downhole.
Tietto has revealed it has further results pending, to be released once assaying of the cores has been completed.
Tietto Managing Director, Dr Caigen Wang, said the high-grade cores continued to show mineralization extends at least 150 metres below the resource model the company developed in 2019.
“These latest results add to the growing tally of 39 high-grade gold intercepts that have reported over 50 gold gramme metres within the high-grade core at AG,” Caigen explained.
“Given the consistent high grades and widths intercepted at depth in our drilling, we are planning to drill a number of 650-metre diamond holes to test this large high-grade system down to 550 metres below the surface to assess the potential for an underground operation below a future open-pit operation,” he continued.
“Our decision to bring drilling services in-house has given us the ability to deliver rapid resource growth from this large high-grade gold deposit at an extremely low discovery cost,” Caigen concluded.
The estimate for the Abujar gold project already sits at 2.2 million contained gold ounces, established before the company made these intercepts.
The possibility is there for the resource to expand even further.
Tietto Minerals shares are up 6.6 per cent today, trading for 56.5 cents each.