EXPLORATION & DEVELOPMENT

Tietto bonanza grades continue

IVORIAN-focused gold explorer Tietto Minerals has delivered further shallow broad high‐grade gold intercepts within its latest diamond holes testing the Abujar‐Gludehi deposit, with a peak 2m at 144.3 grams per tonne reported within 20m at 14.8gpt.

 Tietto is drilling 4500m per month.

Tietto is drilling 4500m per month.

The Côte d'Ivoire drilling also hit 82m at 3.14gpt from 26m, including 26m at 9.48gpt.
 
The latest results have helped extend the emerging shallow gold discovery between a number of drilling lines, with grades of more than 200 gram-metres.
 
The company is running three diamond rigs on double shifts as part of a 30,000m program aimed at upgrading the Abujar project's 1.7 million ounce resource later this quarter.
 
The focus is on the 1.4km-long core of the deposit, which contains 1.06Moz of the company's resources.
 
The junior says its rigs continue to hit wide high‐grade intervals "section after section".
 
"Since May 2019, we have almost doubled the number of +50 gold gram‐metres to 31 intervals reporting greater than 50 gold gram‐metres," managing director Caigen Wang said.
 
"We now have at least 500m of ultra‐high grade results from surface between lines 24 and 29 at AG, suggesting potential for a high‐grade open pittable gold resource with robust project economics."
 
The shallow mineralisation is above 100m, and the deeper drilling is testing for extensions below 300m. 
 
The rigs are now drilling between lines 22 and 15, with around 4500m being drilled per month.
 
The junior, which is the first company to explore the area, believes Abujar will grow into a multi‐million‐ounce gold resource. 
 
The mineralisation remains open along strike and at depth.
 
Tietto shares were up 13.5% this afternoon to A25c, close to its 12-month peak of 27c.
 
The company was capitalised at $55 million.  

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.