Tietto Minerals (ASX: TIE) has reported further ‘bonanza’ gold grades up to 168g/t Au following infill diamond drilling at the AG Core prospect within its Abujar Gold Project in Cote d’Ivoire, West Africa.
The results, generated from 18 diamond holes for 2,346.5m, have increased the tally of intervals greater than 50 gold gram metres to 77, including 14 intervals greater than 200 gold grams metres.
Significant intercepts include:
- Hole ZDD1104 (Section 26): 8.68m @ 27.61g/t Au from 84.3m; incl.
- 2.10m @ 112.73g/t Au from 85.4m; incl.
- 1.03m @ 54.69g/t Au
- 1.07m @ 168.6g/t Au
- 2.10m @ 112.73g/t Au from 85.4m; incl.
- Hole ZDD1172 (Section 22): 12m @ 12.39g/t Au from 251m, incl.
- 3m @ 31.89g/t Au
- Hole ZDD1114 (Section 28A): 15m @ 5.79g/t Au from 55m, incl.
- 6m @ 13.2g/t Au
- Hole ZDD1107 (Section 27): 14m @ 4.07g/t Au from 38m, incl.
- 1m @ 46.1g/t Au
- Hole ZDD1101 (Section 25B): 14m @ 3.47g/t Au from 26m, incl.
- 5m @ 8.97g/t Au>
Addressing the results, Tietto Minerals Managing Director Dr. Caigen Wang said: “I am pleased to report more shallow high-grade mineralisation from our infill drilling on 25m line spacing at AG Core. This program is part of a small, targeted program designed to allow for further increases to Measured Resources in the next MRE update later in Q3 CY22.
“This program is part of a small, targeted program designed to allow for further increases to Measured Resources”
This expanded infill drilling program aims to define Measured Resources over 2.9km between Section Lines 0 to 29 at AG Core expected to be mined during the first two years of production. Once this program is completed, our drill rigs will move to the main Abujar Shear, which is still largely untested, and undertake new resource definition drilling.
We are fully funded to production at Abujar, which has potential to be one of the largest gold producing mines in Cote d’Ivoire, with an expected production of more than 260,000 ounces of gold in the first year and 1.2M ounces of gold in the first six years.
Tietto has an experienced team on board to deliver Abujar on time and on budget. We are on track to deliver another mineral resource update this year. Shareholders can expect further updates from our aggressive diamond drilling program as we advance our dual strategy of ‘Drill and Build’ and develop our Abujar Project into West Africa’s next gold mine, with first gold by the end of Q4 CY22.”
The company also notes that an updated Abujar life-of-mine production plan is on track for delivery early in Q3, with construction of the project’s fully-funded gold plant on target for first gold in Q4 this year.
In addition, Tietto’s six diamond rigs are actively drilling, with a total of 100,000m forecast for 2022. Results from exploration drilling on prospects along strike from AG Core are expected next month.
Oblique cross section displaying the current round of drill results from AG CoreThe Abujar Gold Project comprises three contiguous tenements across a total land area of 1,114km², of which less than 10% is explored.
The project currently boasts an Open Pit Probable Ore Reserve of 34.4Mt @ 1.3g/t Au 1.45Moz and a Mineral Resource Estimate of 87.5Mt @ 1.2g/t Au for 3.35Moz.
Images: Tietto Minerals Limited
