Tietto Minerals Limited (ASX: TIE) has released a maiden measured gold resource at its Abujar Gold Project in Côte d’Ivoire, delivering 7.7Mt @ 1.4 g/t Au for 350,000oz.
The update is based on infill drilling at the project’s AG Core, to an average vertical depth of 110m and is described by the company as ‘de‐risking’ the first two years of gold production.
Measured and indicated gold resources at AG Core now total 26.2Mt @ 1.4 g/t Au for 1.15Moz, which accounts for 95% of the definitive feasibility study AG Core undiluted in-pit inventory.
As a result, Abujar’s Mineral Resource Estimate has increased to 98.7Mt @ 1.1 g/t Au for 3.45Moz, representing a 3% increase in contained gold.
Speaking on the update, Tietto Minerals Managing Director Dr Caigen Wang said: “We have delineated a Measured resource of 350,000oz at shallow depth within the AG Core DFS pit, for the initial two years of gold production. This significantly de‐risks Abujar and our mine planning team expects to declare Proven Ore Reserves for the project this quarter.
“This significantly de‐risks Abujar and our mine planning team expects to declare Proven Ore Reserves for the project this quarter”
Measured Resources provide an incredible tick of confidence for our Abujar gold project. These are robust estimates with conservative high‐grade cuts and search restrictions applied to manage the influence of the exceptionally high‐gold grades present at Abujar. In an extreme case where diamond drilling intersected 1.1m @ 2,853g/t Au6, the highest top‐cut grade of 125g/t for the AG deposit represents only 4.4% of this intersection grade.”
Images: Tietto Minerals Limited
