Announcement Date: 2022-07-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Tietto Minerals Ltd.
Project name: Abujar
Location: Ivory Coast
Commodities: Gold
Highlight: Drilling results incl. 5.0m @ 40.14g/t Au from 35.0m
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 further high‐grade gold results from infill drilling completed at AG Core, part of its 3.45Moz Abujar Gold Project in Côte d’Ivoire, West Africa. Tietto is pleased to report the latest batch of assay results (53 DD holes for 6,583m) from infill diamond drilling at AG Core. Tietto designed this small, targeted program to allow for further increases to Measured Resources in the next MRE update expected later this year. More significant intersections received from 1m diamond drill samples are summarised in Table 1. Drill collar details and assay results are in Table 3 and Table 4 respectively. Location of the reported drill collars and associated assay results are presented in Figure 3. An oblique cross‐section highlighting selected assay results is presented in Figure 5 and an oblique long section presents the results in Figure 4. Drilling has intersected good widths and grades in assays received to date with these new results, increasing the tally to 80 intervals greater than 50 gold gram metres, including 15 intervals greater than 200 gold gram metres at AG Core (Table 2). Tietto completed a A$130 million two‐tranche placement to accelerate development of Abujar, with no debt. The placement allowed the participation of like‐minded investors, keen for the Company to realise first gold production by Q4 CY22 and produce 260,000oz gold in 2023.
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