Tietto Minerals hits 25 metres at 3.24 g/t to extend AG gold mineralisation at depth
The results have extended mineralisation to 400 metres depth at the 1.38 million-ounce Abujar-Gludehi deposit within the Abujar project.
Company
ASX:TIE
Tietto Minerals Ltd (ASX:TIE) is producing gold from its Abujar Project in Côte d’Ivoire.
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The results have extended mineralisation to 400 metres depth at the 1.38 million-ounce Abujar-Gludehi deposit within the Abujar project.
Hartleys has increased its 12-month price target for Tietto to 42 cents from 40 cents.
The company plans to grow its recently upgraded gold JORC resource within its flagship Abujar Gold Project.
Earlier this week Tietto increased its gold resource by 24% to 2.15 million ounces grading 1.5 g/t gold.
The WA-based company will hold its annual general meeting in Perth tomorrow.
The company has materially expanded its gold resource within its flagship Abujar Gold Project.
Tietto is aggressively drilling to expand its 1.7 million ounces gold resource in Cote d’Ivoire.
The results confirmed a high-grade extension along the strike and depth of the project’s Abujar‐Gludehi deposit.
Intensive drilling is ongoing as part of a 30,000-metre diamond drilling campaign for a resource upgrade which remains on track for release in Q4 CY19.
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.
Hartleys recently updated its gold price assumptions and TIE’s share price appreciation has also had a positive impact on Hartleys’ valuation.
The broker described the company as a speculative buy and valued its securities at 36.8 cents a share.
The company aims to expand its 1.38 million ounce gold deposit within the Abujar Gold Project.
Intensive diamond drilling is ongoing as part of a 30,000-metre diamond drilling campaign for a resource upgrade on track for release in Q4 2019.
Today the company unveiled high-grade results of up to 29.22 g/t gold from Abujar Gold Project in Côte d’Ivoire, West Africa.
Drilling continues to test for depth extensions of the high‐grade core which currently hosts 15.7 million tonnes at 2.1 g/t gold for 1.06 million ounces.
The company aims to expand its 1.38 million ounce gold deposit within the Abujar Gold Project.
Step-back and extensional diamond drilling to extend gold resources at the northern portion of Abujar Gludehi (AG) is well progressed with assays pending.
The company expects to deliver another resource update to its current JORC mineral resource estimates for the AG (Abujar-Gludehi) and APG (Abujar-Pischon-Golikro) deposits in late 2019.
The strengthened balance sheet will allow the company to aggressively advance the project with ongoing 30,000-metre diamond and reverse circulation drilling as well as a 25,000-metre auger and aircore program.