West African gold explorer and developer Tietto Minerals (ASX:TIE) has reported more high-grade gold intercepts from milestone drilling at seven prospects at its Abujar gold project in Côte d’Ivoire. Ivory.
Drilling extended the limits of known gold mineralization at the project, with high-grade results falling outside an inferred resource for the South Gamina (SG) deposit of 1.6 million tonnes at 1.2 grams of gold. gold per ton for 60,000 ounces.
Four of the prospects are located along the high-grade mineralization of the AG (Abujar-Gludehi) Core deposit, while the other three are located along the western corridor.
The drilling was designed to enable further increases in Abujar’s open pit gold inventory during the next mineral resource update expected towards the end of the year.
It intersected several gold-mineralized quartz veins (including visible gold) and alteration zones within the diamond core, which is consistent with the style of mineralization seen at Abujar.
The best results were 4m at 24.73g/t gold from 85m including 0.5m at 195.53g/t; 1m at 27.91g/t gold from 151m; 0.5 m at 48.81 g/t gold from 104.9 m; and 5.5m at 3.81g/t gold from 81m including 3m at 6.48g/t.
Gold mineralization remains open on all seven prospects and over 2,000m of strike remains to be drill tested.
Earlier this month, Tietto entered into a placement agreement with Chijin International (HK), a subsidiary of Chifeng Jilong Gold Mining Co, raising $49.3 million through the issuance of 85 million shares to fund the development from Abujar.
The proceeds will be used to accelerate studies on a potential heap leach project and expand exploration drilling with a growing fleet of eight diamond rigs.
Tietto said Abujar remains on track to achieve the first gold pour by the end of the year.
It is expected to become one of the largest gold mines in Ivory Coast, with an estimated production rate of 260,000 ounces of gold in the first year and 1.2 million ounces in the first six years .