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Mining

Tietto Minerals shareholders approve capital raising

The company aims to expand its 1.38 million ounce gold deposit within the Abujar Gold Project.

Tietto Minerals Ltd (ASX:TIE) shareholders have voted in favour of the recent two-tranche placement that secured $7.6 million in funding.

The funding has played a major role in recent exploration success at the company’s Abujar Gold Project in Côte d’Ivoire.

In late July 2019, Tietto revealed a number of high-grade gold intersections from multiple diamond drill holes including 7 metres at 20.63 g/t gold from 254 metres.

Tietto continues to advance its 30,000-metre drill program at Abujar with its owned two diamond drill rigs and recently purchased a third diamond drill rig.

Drilling is focused on the 1.38 million ounce Abujar‐Gludehi deposit and Tietto aims to expand the JORC resource by the end of the calendar year.

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