Tietto Finds High-Grade Gold Outside Ivory Coast Resources


Tietto Minerals landed a series of high-grade gold discoveries after diamond drilling prospects outside its Abujar project which already holds a combined resource of 3.45 million ounces in Ivory Coast, West Africa.

Notable intersections from the Perth-based company’s progressive drilling campaign include a half meter executing an exceptional grade of 195.53 grams per tonne gold from 85m within a larger plot of 4 m grading 24.73 g/t gold from 85 m.

Assay results also included a 0.50m strike grading 48.81 g/t gold from 104.9m, a 1m strike grading 27.91 g/t gold from from 151 m and an intersection of 5.50 m grading 3.81 g/t gold from 81 m.

The exceptional strikes came from 76 holes drilled in seven prospects near Tietto’s 1.6 million tonne SG deposit – one of three deposits claimed by the company on the project.

This list also includes the company’s 55.2 million tonne AG deposit and the nearby 41.9 million tonne APG resource.

The gold developer states that four of the seven prospects tested during its last exploration campaign were located along the high-grade gold mineralization of AG, while the other three were located further west.

Management says the program has been designed to stretch the zone’s known mineralization and, having validated its prospectivity, now plans to drill test the zone’s high-grade shoots along strike and at depth.

The company’s enviable portfolio includes an arsenal of eight low-profile diamond rigs that can be easily mobilized to new target areas.

Tietto has put the fleet to good use this year, moving around 100,000m of earth as part of its “drill and build” strategy for Abujar.

The plan will see the company sniff for gold on its 1,100+ square kilometer land package while coming full circle to its precious metals production ambitions by constructing an open pit mine on the site.

We are debt free and fully funded for production at Abujar, which has the potential to be one of the largest gold producing mines in the Ivory Coast, with an expected production of over 260,000 ounces of gold in the first year and 1.2 million ounces of gold in the first six years.

Tietto is focusing on a series of targets within a 20km radius of Abujar and is looking to test several prospects by the end of the year – an exercise that could add even more ounces to the project’s already sizable resource base.

The company currently holds a total resource of 98.7 million tonnes at 1.1 g/t gold for 3.45 million ounces in Abujar.

Tietto argues that Côte d’Ivoire is a stable and largely underexplored mining jurisdiction that hosts West Africa’s largest share of gold-bearing greenstone belts.

In recent years, the country’s productivity has seen a host of miners step up operations in the region, including the Barrick Gold Corporation, which has a market capitalization of more than US$27 billion.

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