Announcement Date: 2022-04-11
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Tietto Minerals Ltd.
Project name: Abujar
Location: Ivory Coast
Commodities: Gold
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: West African gold explorer and developer Tietto Minerals Limited (ASX: TIE) (Tietto or the Company) is pleased to report an updated Mineral Resource Estimate for its Abujar Gold Project in Côte d’Ivoire, West Africa, with maiden Measured gold Resources added to its 3.45Moz gold inventory as it progresses towards becoming West Africa’s next gold mine. Tietto Managing Director, Dr Caigen Wang, said: “We have delineated a Measured resource of 350,000oz at shallow depth within the AG Core DFS pit, for the initial two years of gold production. This significantly de‐risks Abujar and our mine planning team expects to declare Proven Ore Reserves for the project this quarter. “Measured Resources provide an incredible tick of confidence for our Abujar gold project. These are robust estimates with conservative high‐grade cuts and search restrictions applied to manage the influence of the exceptionally high‐gold grades present at Abujar. In an extreme case where diamond drilling intersected 1.1m @ 2,853g/t Au6, the highest top‐cut grade of 125g/t for the AG deposit represents only 4.4% of this intersection grade.
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