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Turaco Gold (ASX:TCG) -Managing Director, Justin Tremain
Managing Director, Justin Tremain
Source: Caspin Resources
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  • Turaco Gold (TCG) releases assay results for 11 of the 29 reverse circulation drill holes located in its Boundiali Gold Project in Cote d’Ivoire
  • TCG reports nine metres at 2.62g/t gold from 17 metres and three metres at 4.24g/gold from 48 metres at the Nyangboue gold discovery
  • Further south in the Satama prospect within the Eburnea Gold Project, the company also revealed high-grade mineralisation extending for 2.5 kilometres
  • Turaco Gold shares fell 9.38 per cent and are trading at 14 cents a share

Turaco Gold (TCG) have released assay results for 11 of the 29 reverse circulation (RC) holes drilled at the Nyangboue gold discovery within its Boundiali Gold Project in Cote d’Ivoire.

TCG reported an intersection of nine metres at 2.62 grams of gold per tonne (g/t) from 17 meters and three metres at 4.24g/t gold from 48 meters.

The company said these results confirm the extension of mineralisation at depth and into fresh rock and improve its overall confidence in the continuity of gold mineralisation.

Assays are pending for a further 18 holes drilled at the Nyangboue discovery.

Further south in the Eburnea Gold Project, the company also retrieved auger drill results from the Satama prospect.

TCG revealed high grade mineralisation over 2.5 kilometres and discovered an intersection of nine metres at 4.49g/t gold.

Managing Director Justin Tremain said the drill results from both areas showed promise for the remaining results.

“We look forward to reporting further results for remaining RC holes which have been submitted to for assay,” he said.

“We will undertake further drilling at Nyangboue including diamond drilling to improve the geological and structural understanding of the discovery.

“Drilling is also ongoing at the Eburnea Gold Project with maiden AC/RC drilling program at Satama about to commence.”

Turaco Gold shares have fallen 9.38 per cent and were trading at 14.5 cents a share at 3:25 pm AEDT.

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