EXPLORATION & DEVELOPMENT

Another bonanza for Tietto

Company still on target for early 2021 resource boost

This article is 5 years old. Images might not display.

Testing at the main Abujar‐Gludehi deposit, which has resources of 1.38Moz, has delivered a magnificent 1m at 134.48 grams per tonne, within a diamond hole that delivered a wider 21m at 7.3pgt from 173m.
 
That intercept was sitting above a further zone that assayed 7m at 2.36gpt from 208m.
 
The hits are beyond the 61,000m diamond drilling program that ended two weeks ago and will deliver next month's highly anticipated resource estimate which some suggest could see Abujar smash through the 3Moz mark.
 
The junior has four rigs in the field, drilling across the Gludehi‐Gamina Link target to the north of AG, AG South, and Abujar‐Pischon‐Golikro, a shallow oxide resource 7km south of AG.
 
GGL drilling has returned hits such as 1m at 17.53gpt from 284m and 1m at 15.25gpt from 108m in an area below known artisanal workings that remains open along strike
 
At the smaller APG resource, where the focus is on shallow open‐pittable gold to complement the high-grade AG and recent hits include 7m at 2.27gpt from 87m, including 1m at 15.95gpt.
 
The well-funded company says it has no intention of slowing drilling, with "aggressive drilling programs throughout 2021" as it continues to grow its prospects and deposits along a prospective 70km long strike.
 
A prefeasibility study is due for completion in the new year.
 
Tietto shares opened steady at A51c, with the stock having traded between 11.5-76.5c over the past year.
 

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.