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Tietto Minerals Ltd.
Summary
| Project: | Abujar | |
|---|---|---|
| Deposit: | APG | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 1/23/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2020: Tietto Minerals Ltd. announces an Exploration/Drilling Update report for its APG deposit at the Abujar project. Drilling results incl. 14m @ 2.45g/t Au from 50m. Abujar‐Pischon‐Golikro (APG) 11.2Mt at 1.0 g/t Au (0.35Moz) is located approximate | |
| Resources: | (Resource, I+I): 45.49Mt @ 1.5g/t Au for 2.15Moz Au contained | |
| CP/QP: | [Overall Report]: Mark Strizek (Internal) | |
| ABSTRACT: | Abujar‐Pischon‐Golikro (APG) 11.2Mt at 1.0 g/t Au (0.35Moz) is located approximately 7km to the south of the Abujar‐Gludehi (AG) deposit that has a high‐grade core of 19.3Mt @ 2.2g/t Au (1.38Moz gold) within the 2.2Moz Abujar Gold Project. Tietto is undertaking a 50,000 metre drill program using 4 Company‐owned drill rigs to drive rapid growth of its gold inventory. Tietto Managing Director, Dr Caigen Wang, said: “Our new diamond drilling has improved our understanding of the APG deposit and more importantly how APG could add value to a potential open pit operation at AG which is only 7km to the north. “Significantly, we are seeing higher grade shallow gold at APG, which has potential to drive further resource growth at this satellite deposit to our main AG Resource. “Although APG has a lower grade than AG, it has a much deeper oxidation profile of around 40m. Our new drilling also shows that the mineralised system is approximately 90m wide with three internal high‐grade structures. “The plan at APG is to continue drilling to grow an inventory of shallow open‐ pitable oxide gold ounces that would complement potential high‐grade open‐pit operations at AG, and potentially substantially enhance project economics given an ultra‐low exploration costs per ounce and expected very low mining costs.” | |
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