viewTietto Minerals Ltd

Tietto Minerals intersects broad zones of gold grading up to 100 g/t at Abujar Gold Project

An upgrade to the resource is on track for the fourth quarter of 2019 and is anticipated to contain a substantial component of indicated gold resources.

Tietto Minerals Ltd - Tietto Minerals intersects wide high-grade gold mineralisation up to 100.39 g/t at the Abujar Gold Project
Drilling continues to demonstrate depth extensions of high-grade gold mineralisation

Tietto Minerals Ltd (ASX:TIE) has received more assays showing wide, high-grade gold grading up to 100.39 g/t from its Abujar Gold Project in Cote d’lvoire, West Africa.

The ongoing diamond drilling program tested the high-grade core of the 1.06-million ounce Abujar-Gludehi (AG) gold deposit within the1.7-million ounce Abujar project.

Intensive diamond drilling is ongoing as part of a 30,000-metre drilling campaign for a resource upgrade which remains on track for release in coming December quarter.

High-grade open pit potential

Managing director Caigen Wang said: “We are very pleased to report more high-grade intersections.

“These results will add near surface high-grade ounces to the resource.

“We are also reporting some very good results from a step back hole that extends continuation of high-grade mineralisation down to 300 metres below surface and outside the current resource.

“The results also confirm our beliefs that the Abujar Gold deposit can become a high-grade open pit mining operation with potential for additional underground mining.”

Notable intersections include:

  • 10 metres at 10.78 g/t gold from 166 metres, including 1 metre at 100.39 g/t;
  • 16 metres at 4.75 g/t from 78 metres, including 6 metres at 8.44 g/t; and
  • 17 metres at 3.27 g/t from 40 metres, including 1 metre at 46.74 g/t.

The company’s three diamond drill rigs are currently drilling at around 4,500 metres per month as part of the ongoing 30,000-metre diamond program.

Drilling is on track to achieve an increase in the mineral resource inventory as well as increase confidence in the classification of resources by the end of the December quarter 2019.

Quick facts: Tietto Minerals Ltd

Price: 0.53 AUD

Market: ASX
Market Cap: $207.69 m

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