The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Tietto Minerals (TIE) returns further high-grade gold intercepts from its Abujar Gold Project in Côte d’Ivoire, West Africa
  • The company received results from step-out drilling completed at five prospects along the Main Abujar Shear, where 77 holes were drilled for over 15,000 metres
  • The assays included one metre at 47.53 grams of gold per tonne (g/t) from 258 metres and confirmed gold mineralisation over a 4600-metres strike
  • The company says its fully funded to production at Abujar, which has the potential to be one of the largest gold producing mines in Côte d’Ivoire
  • Tietto Minerals is down 3.08 per cent, trading at 31.5 cents at 1:10 pm AEST

Tietto Minerals (TIE) has returned further high-grade gold intercepts from its Abujar Gold Project in Côte d’Ivoire, West Africa.

The company received results from step-out drilling completed at five prospects along the Main Abujar Shear, where 77 holes were drilled for 15,307 metres.

The assay results included one metre at 47.53 grams of gold per tonne (g/t) from 258 metres and one metre at 25.14 g/t gold from 26 metres.

Tietto’s work confirmed gold mineralisation over a 4600-metre strike of previously undrilled areas on the main shear. These results will now be incorporated into its next mineral resource estimate update.

“We will add another two diamond drill rigs at the end of July to increase our diamond drilling capacity of more than 100,000 metres annualised at Abujar and lift the tempo of drill testing the fertile main Abujar Shear as we move into gold production,” Managing Director Dr Caigen Wang said.

Meanwhile, assays are still pending for infill holes drilled at AG South and AG Core.

Tietto still has six diamond drill rigs actively spinning, with more than 100,000 metres of drilling forecast for this year.

The company said its fully funded to production at Abujar, which has the potential to become one of the largest gold producing mines in Côte d’Ivoire.

Tietto Minerals was down 3.08 per cent, trading at 31.5 cents at 1:10 pm AEST.

TIE by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX flatlines as Financials flourish and Utilities flounder

The ASX200 closed trading relatively flat. The financials sector gained the most, up 0.35 of a…

Aus inflation read of 3.6% spooks ASX – before quickly returning to green

Australian inflation has come in mixed with an increase of 1% in the March quarter, but…