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Tietto Minerals (ASX:TIE) - Managing Director, Dr Caigen Wang - The Market Herald
Managing Director, Dr Caigen Wang
Source: 121 Mining Investment Events
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  • West African gold explorer Tietto Minerals (TIE) has intersected further high-grade gold at the Abujar-Pischon-Golikro (APG) deposit in Côte d'Ivoire
  • The company recently drilled 23 diamond holes at the deposit to increase the confidence in the current mineral resource estimate
  • Results have been received for six of the holes, with grades peaking at 32.93g/t gold
  • Once all results have been received, Tietto will include them in the mineral resource update which is expected to be released in Q2 2021
  • Tietto has ended the day a slight 1.69 per cent in the green with shares trading at 30 cents

West African gold explorer Tietto Minerals (TIE) has intersected further high-grade gold at the Abujar-Pischon-Golikro (APG) deposit.

The AGP deposit is part of Tietto's 3.02 million ounce Abujar Gold Project in Côte d'Ivoire, West Africa.

Tietto recently drilled 23 diamond holes, for 3271 metres, at the AGP deposit to increase the confidence in the current mineral resource estimate.

Results have been received for six holes with a best of one metre at 32.93g/t gold from 57 metres returned.

Other results include two metres at 22.7g/t gold from 91 metres, five metres at 7.55g/t gold from 15 metres and five metres at 7.55g/t gold from 15 metres.

Tietto will include these results in the mineral resource update for Abujar, which is expected to be released in Q2 2021.

"Our latest round of assay results from infill drilling at AGP are delivering shallow high-grade gold intercepts as we close up our drill spacing to delineate indicated resources," Managing Director Dr Caigen Wang commented.

"As we combine the updated mineral resource with the enhancement identified in the PFS, I expect to see an uplift in our ore reserves at Abujar following new mine optimisation and mine scheduling studies," he added.

Tietto has planned to undertake further step-back drilling to test the depth limits of the gold system.

The company is well funded to continue work, with roughly $52 million in cash as of March 31.

Tietto has ended the day a slight 1.69 per cent in the green, with shares trading at 30 cents in a $134.2 million market cap.

TIE by the numbers
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