Announcement Date: 2022-06-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Turaco Gold Ltd.
Project name: Eburnea
Location: Ivory Coast
Commodities: Gold
Highlight: Drilling results incl. 3m @ 35.79g/t Au from 40m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Turaco Gold Limited (ASX | TCG) (‘Turaco’ or the ‘Company’) is pleased to report first gold assay results from maiden, reconnaissance style drilling at the Bouake North prospect, within the Eburnea Project in central Côte d’Ivoire. A large 7km by 4km gold-in-soil anomaly has been delineated at Bouake North with auger completed across the entire anomaly successfully defining six in-situ gold anomalies. Reconnaissance style drilling has to date tested just two of these targets and has returned high-grade, shallow gold with up to 3m @ 35.79g/t gold from 40m and further assay results pending. The Eburnea Project covers two granted permits (Bouake North and Satama permits) covering 690km2 in central Côte d’Ivoire (refer Figure One). The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Fetekro gold project approximately 35km to the north and the 2.5Moz Bonikro and 1.0Moz Agbaou gold mines 200km to the south. The Satama permit covers a significant north-east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin. Turaco has been drilling across both areas with reconnaissance style shallow reverse circulation (RC) and air core (AC) drilling at Bouake North, along with step-out and infill AC/RC drilling at the Satama discovery
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