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Tietto hits high grade gold at will in Africa

Tietto Minerals Abujar gold project in Cote d’Ivoire appears to be the gift that keeps on giving with the company’s aggressive resource drilling program continuing to deliver an abundance of impressive gold intercepts. Drilling across multiple targets at the project has returned additional high-grade results, including 21m at 2.03 g/t gold containing 7m at 4.53 g/t gold. The company’s continuing success sets the scene for an exciting upgrade to the Abujar resource estimate in the coming months.

Tietto Minerals Managing Director, Dr Caigen Wang said:

“We are reporting further higher‐grade gold results, all anticipated to be within an open‐pit, which demonstrate the continued growth of the high‐grade core at AG as well as strong intercepts from AG South, APG and GGL.”

“We have now drilled over 61,000 metres, or 20 per cent over budget, and we have extended the assay cut‐off for the upcoming Resource model to ensure that all assays including 16 additional holes at AG may be incorporated into the Resource Estimate update, which will be delivered in mid‐October.”

“Following delivery of the Resource update, we intend to continue rapidly growing our Mineral Resource inventory at Abujar throughout 2021. Our exploration team is planning aggressive exploration programs across three contiguous tenements using our own diamond drill rigs to deliver this rapid growth at an extremely low discovery cost.”

Tietto’s latest drill results have included assays from the AG, AG South, APG and GGL zones with better results from AG tipping the scales at 7m at 4.53 g/t gold from 295m and 5m @ 2.26 g/t gold from only 60m. Drilling at AG South also continues to return solid intercepts including 3m at 7.62 g/t from 169m whilst GGL returned 1m at 16.3 g/t gold from 114m.

This ongoing cascade of gold intercepts bodes well for the company’s scheduled resource upgrade in October 2020 however Tietto is already eyeing additional targets adjacent to the main AG resource area to grow the inventory even further.

Tietto’s exploration team has identified no less than 30 new targets in the immediate vicinity of the AG resource area along more than 50 km of strike, with targets in the southern tenement block returning soil samples at close to 1 g/t gold at surface.

The Abujar-Gludehi, or ‘AG’ deposit forms part of Tietto’s 2.15 million-ounce Abujar project in the central west of Cote d’Ivoire in West Africa. The project comprises of three contiguous tenements covering more than 1100 square kilometres of fertile gold terrane and covers more than 70km of strike along the auriferous AG fault zone. According to the company, less than 10 per cent of this prospective mineralised structure has been tested to date.

The most recent JORC resource statement for the project, delivered in November 2019, estimated the project’s endowment at a colossal 45.5 million tonnes grading 1.5 g/t gold, hosting an impressive 2.15 million ounces of the coveted yellow metal.

Importantly, from a mining perspective, most of Tietto’s AG resource lies within a modelled open pit shell hinting at the potential of for a low-cost operation in the not too distant future.

Tietto is entering the home straight now as it looks towards the release of its new gold resource for Abujar in October.

With four rigs drilling around the clock, more than $60 million in the bank and a plethora of new high-grade drill intercepts, Tietto looks set to impress in the coming months.

Is your ASX listed company doing something interesting? Contact: matt.birney@wanews.com.au

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