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Tietto hits over 503 grams per tonne gold in Africa

Tietto Minerals has produced another impressive set of high-grade gold hits from drilling at its flagship Abujar-Gludehi deposit in Côte d’Ivoire, West Africa, where it has already defined over three million ounces of the precious metal. Some of the better results include a 10 metre hit going a cracking 51.75 grams per tonne gold from 83m including a richer 3m section grading a bonanza 171g/t gold from the same depth. Remarkably the latter housed a 1m section with a jaw-dropping grade of 503.85 g/t gold from 83m.

The Abujar-Gludehi deposit forms part of the larger Abujar gold project.

Diamond drilling at several other prospects across the Abujar shear delivered a slew of additional noteworthy strikes including a 1m section at 46.2 g/t gold from 141m and a 2m hit going 8.8 g/t gold from 151m. Another notable intersection ran 4m long at a grade of 6.8 g/t gold including a higher grade 1m inclusion at 26.34 g/t gold from the 10m mark.

Tietto is now awaiting the results of over 36 additional holes totalling about 8,000m in length. The forthcoming results might add even more high-grade gold to the ASX-listed company’s impressive list of achievements ahead of a resource update due in coming months.

The company’s latest campaign on its West African ground saw it sink 33 holes totalling 6,241.5m as part of an ongoing exploration program designed to grow the Abujar mineral resource. Tietto says plans are in place to complete 100,000m of diamond drilling this year, using its fleet of company-owned diamond drill rigs.

In the last year or so, the company has employed its own rigs to remarkable effect, blasting out roughly 10,000m per month at the astonishing cost of around US$35 per metre.

Tietto is well positioned to fund its Abujar operations, having recently received a $85 million placement that will go towards the project’s $200 million cost in conjunction with its debt strategy.

Tietto has delineated approximately a dozen intervals with gold values exceeding 200 gram metres at the property to date and has uncovered high-grade gold almost every time it has plunged a hole at the project.

Our drill rigs have moved to prospects located to north (GGL) and south (AGM, PGL) of AG Core with the goal of defining new gold resources in an update late this year. The high‐grade gold intercepts seen in the latest results highlight the prospectivity and still largely untested potential of the main Abujar Shear.

The company’s continued success across its West African project places it in an enviable position as it moves towards production of what could turn out to be one of the region’s biggest new gold mines. Tietto now adds a string of new prospects at its Abujar gold project to a portfolio that already boasts a fleet of company-owned drill rigs, saddle bags full of cash and a string of high-grade gold discoveries.

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

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