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Tietto Minerals Ltd.
Summary
| Project: | Abujar | |
|---|---|---|
| Deposit: | Abujar | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 11/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-11-2019: Tietto Minerals Ltd. announces a Resource Estimation report for its Abujar deposit at the Abujar project. Mineral resource upgrade for project. West African gold explorer Tietto Minerals Limited (ASX: TIE) (Tietto or the Company) is pleased to | |
| Resources: | (Resource, I+I): 45.49Mt @ 1.5g/t Au for 2.15Moz Au contained | |
| CP/QP: | [Resources]: Jeremy Clark (RPM Global) | |
| ABSTRACT: | West African gold explorer Tietto Minerals Limited (ASX: TIE) (Tietto or the Company) is pleased to announce further substantial increases in its Mineral Resource at its Abujar Gold Project in central west Côte D’Ivoire, West Africa. Tietto’s Managing Director, Dr. Caigen Wang, commented: “We are very pleased to report that our Abujar Gold Project has moved into a select multi‐million ounce club with gold resources increasing to 2.2 Moz at 1.5 g/t Au. This excellent result has been underpinned by rapid and effective drilling at AG since the last resource update in April 2019 that delivered wide high grade intercepts on section after section. These high impact holes (from just 15,000m of extensional drilling and 5,000m of infill) have translated into a resource update at AG that has delivered on many fronts. We have increased our shallow high‐ grade core to 1.4Moz at a higher grade of 2.2 g/t Au over a continuous 1.4km zone. Our drilling has also increased the confidence of the resource estimate at AG. We now have just under half of the AG resource classified as Indicated Resources for 0.86Moz at 1.8 g/t Au including 9.6Mt at 2.5g/t for 0.76Moz from surface with these resources located at the northern half of AG. Our discovery costs are arguably the cheapest in the industry. We will be very busy in 2020 as our fleet of four Company drill rigs are on track to deliver 50,000m or more of drilling by Q3 2020, doubling all drilling at Abujar to date, as we target continuing rapid growth in our gold resource inventory. Gold mineralisation at AG and APG remains open and we will continue with our aggressive resource definition drilling as well as testing new targets over the 70km strike of the largely untested Abujar gold corridor.” | |
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