Turaco Gold (ASX: TCG) has reported ‘exceptional high-grade’ auger drill results over 4.5km of strike during reconnaissance drilling at the Satama permit within its Eburnea Gold Project in Cote d’Ivoire.
The company had completed an initial program of 773 holes for 5,660 metres in September 2021, testing anomalous geochemistry previously defined by Resolute Mining. Key results include:
- Hole STAG0171: 9m @ 4.49 g/t gold from 1m
- Hole STAG0622: 5m @ 2.14 g/t gold from 6m
- Hole STAG0007: 8m @ 1.79 g/t gold from 2m
- Hole STAG0020: 1m @ 9.91 g/t gold from 9m
- Hole STAG0346: 5m @ 1.04 g/t gold from 5m
Commenting on the results, Turaco Gold Managing Director Justin Tremain said: “These initial auger results at Satama within the Eburnea gold project are highly significant and exciting in terms of both their strike and tenor of gold anomalism. Extending over 4.5kms of strike the results confirm a significant new gold discovery for Turaco.
Turaco has extensive drilling programs underway with four rigs operating across Boundiali and Eburnea. A considerable number of samples have been submitted for analysis and we expect to report initial air core and RC drilling results from the advanced Boundiali project very shortly, along with further auger results from the Eburnea gold project.“
“Extending over 4.5kms of strike the results confirm a significant new gold discovery for Turaco”
Turaco reports that it is currently running a multi-rig drill program, with a large pipeline of assay results pending. This includes:
- Aircore drilling at Boundiali, with ~6,000m completed of an ongoing initial 9,000m program, testing 3km of northern and 3km of southern strike extensions at Nyangboue;
- RC drilling at Boundiali with ~1,500m completed of an ongoing initial 3,000m program testing dip and plunge extensions to high grade gold mineralisation in historical drilling at Nyangboue; and
- Auger drilling across Eburnea, with two rigs nearing completion of three grids across the recently-defined Bouake North soil anomalies.
Further exploration work at the Satama permit will consist of trenching to determine dip orientation, followed by air core and/or RC drilling during November 2021. Turaco is also planning to fly a high-resolution airborne magnetic survey over Satama, along with the Dielle permit and some of the company’s other northern permits that have not already been subject to high-resolution magnetics.