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Tietto Minerals Ltd.
Summary
| Project: | Abujar | |
|---|---|---|
| Deposit: | AG | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 7/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-7-2019: Tietto Minerals Ltd. announces an Exploration/Drilling Update report for its AG deposit at the Abujar project. Drilling results incl. 16m @ 16.31g/t Au. West African gold explorer Tietto Minerals Limited (ASX: TIE) (Tietto or the Comp | |
| Resources: | (Resource, Inf.): 37.6Mt @ 1.4g/t Au at project | |
| CP/QP: | [Overall Report]: Mark Strizek (Internal) | |
| ABSTRACT: | West African gold explorer Tietto Minerals Limited (ASX: TIE) (Tietto or the Company) is pleased to report a number of exceptionally high‐grade gold intersections from multiple diamond drill holes at the AG (Abujar‐Gludehi) deposit which sits within its 1.7Moz Abujar Gold Project, in Côte d’Ivoire, West Africa. Tietto has this week received assay results for a small portion of a large volume of diamond core samples submitted for assay. Tietto has two (2) company‐owned diamond rigs remaining active, and a 3rd rig set to commence next month, as part of a 30,000 diamond drill programme designed to infill and extend the Abujar Gold Project at depth and along strike, where the Company believes considerable potential exists for resource growth. While a complete set of assay data is yet to be received from the lab, where over 2,000 samples remain, early results for three depth extension holes (on Line 22 , Line 25 and line 28) demonstrate that broad high‐grade zones of mineralisation continues below the existing 1.38Moz Mineral Resource model in respect of the AG deposit (see Figure 1 below). Tietto Managing Director, Dr Caigen Wang, said: “We are very encouraged not only because we see high to very high grade gold mineralisation intercepted in multiple step‐back holes aimed at extending the existing AG resource at depth, but also because we are continuing to see multiple high grade zones in a growing number of individual holes at all depths at the northern end of the AG deposit. “These holes along with several other exceptionally high grade results released since our last resource estimate should result in a significant uplift to the 1.38 million oz contained in the existing AG resource model. “Our third diamond rig will commence drilling in August, lifting our average drill rate to well over 1,000 metres of diamond drilling per week as we continue to drill step‐out and step‐back holes at AG and its satellite deposit at APG.” | |
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