Tietto W Africa Au project

Tietto uncovers more ‘high-grade’ gold at AG Core within Abujar Project, Cote d’Ivoire

Tietto Minerals (ASX:TIE) has announced further ‘high-grade’ gold intercepts following infill drilling at the AG Core target, as part of its 3.45 million-ounce Abujar Gold Project in Cote d’Ivoire, West Africa.

The results, generated by 10 diamond drilling (DD) holes for combined 3,054.5m of drilling at AG Core and AG South, have successfully returned gold anomalism up to 120.21 grams per tonne.

Key intercepts include:

  • Hole ZDD1229: 12m @ 20.96g/t Au from 298m, incl. 5m @ 48.57g/t Au (incl. 2m @ 120.21g/t Au) and 6m @ 6.36g/t Au from 329m incl. 4m @ 9.4g/t Au (Section 22)
  • Hole ZDD1225: 9m @ 8.1g/t Au from 258m incl. 2m @ 28.64g/t Au (Section 25)

Tietto completed a $130 million two‐tranche placement to accelerate development of Abujar, with no debt.

The company is keen to realise first gold production by Q4 CY22 and produce 260,000oz of gold in 2023.

Speaking on the results, Tietto Managing Director Dr Caigen Wang said: “Our infill drilling continues to add high-grade gold intercepts to AG Core. ZDD1229 has reported multiple high-grade intercepts downhole including 12m @ 20.96g/t Au from 298m and 6m @ 6.36g/t Au from 329m.

“These intercepts confirm continuity of these plunging high-grade shoots at depth”

These intercepts confirm continuity of these plunging high-grade shoots at depth. 

Tietto will incorporate these high-impact drilling results into a mineral resource update planned for later this year.

This update will also incorporate the results from an expanded infill drilling program aiming to grow our Measured Resources over a 2.9km strike between Section Lines 0 to 29 at AG Core an AG South, as we expect to mine this area during the first two years of Abujar gold production. 

Our exploration team has moved four of our DD rigs to drill test exploration targets at 22 prospect (West Abujar Shear) and at AGM and PGL prospects, both located on the main Abujar Shear, which remains largely untested. 

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 260,000 ounces of gold in the first year and 1.2M ounces of gold in the first six years.”

The company reports that it expects to deliver Abujar on time and on budget and is on track to deliver another mineral resource update this year.

Further updates from its aggressive diamond drilling program is expected down the line as Tietto advances its dual strategy of ‘Drill and Build’ and develop Abujar into West Africa’s next gold mine, with first gold by the end of Q4 CY22.

The company also notes that it is awaiting return of an additional 28 DD assays (28 DD holes for 4,040m) that were drilled at AG Core and AG South.

In addition, it is reported that these ‘high-grade’ results from both deposits will be included into the next Mineral Resource Estimate (MRE) update that is expected later this year.

The Abujar Gold Project is located in Cote d’Ivoire, West Africa and covers a total land tenure of 1,114km-square across three contiguous tenements, including a north-northeast orientated gold corridor over 70km striking across all three tenements.

The project currently has a MRE of 87.5Mt @ 1.2g/t Au for 3.35Moz with a gold production forecast of 1.2Moz for 200,000oz per annum over the first six years.

With further assays still pending, Tietto announces that all six of its diamond rigs are actively drilling, now totaling more than 100,000m of drilling forecast for this year, with an updated LOM production plan and completion of the Abujar gold plant on target for completion later this year.

Images: Tietto Minerals Ltd
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.