Australia

Tietto Minerals at record high after hitting 64.3 g/t gold in diamond drilling at Abujar project

Tietto Minerals Ltd (ASX:TIE) reached a new all-time high of 49 cents after intersecting high-grade gold of up to 64.3 g/t in recent diamond drilling at its Abujar Gold Project in Côte dIvoire, West Africa.

The results from the AG South deposit demonstrate continued growth of the Abujar-Gludehi (AG) mineralised system within the Abujar project.

Shares have been 2% higher today to 49 cents and closed at 48.5 cents, up from 11.5 cents on March 23 and 32 cents on May 28,

Potential resource uplift


Of the new results, the best intersection occurred outside the Abujar mineral resource and included 8 metres at 8.30 g/t gold from 183 metres, including 1-metre at 64.30 g/t.

These results add to the potential for a possible uplift in the upcoming mineral resource estimate, which is on track for delivery in September 2020.

Extensions of high-grade gold


Managing director Dr Caigen Wang said: “These latest drill results yet again demonstrate extensions of high-grade gold mineralisation at AG South, which would add considerable value to the development of the open-pit gold operations centred on the high-grade core at AG.”

The companys ongoing drilling program, part of a 50,000-metre campaign is testing the strike and depth extensions located south the high-grade AG core.

Results have been received for five holes, including partial results for four holes, with assays pending for another six holes.

Tietto is planning to drill further holes along strike as well as additional step-back drilling to test thRead More – Source