Bonanza gold grades keep coming for Tietto Minerals with 503.85g/t hit

Cote d’Ivoire gold explorer Tietto Minerals (ASX: TIE) has produced yet more impressive drilling results as an infill program continues at its 3.35 million ounce Abujar project.

The highlight was a 10m intercept grading 51.75 grams per tonne gold, which included a 1m interval grading 503.85g/t gold.

The mineralisation was intersected 83m from surface.

Additional notable gold intercepts from exploration drilling at multiple prospects on the main Abujar Shear were 1m at 46.2g/t, 4m at 6.8g/t, 1m at 24.26g/t, 1.31m at 15.65g/t, and 2m at 8.8g/t.

At the AG Core prospect, Tietto says it has achieved 13 intervals containing greater than 200 gold gram metres.

DFS demonstrates ‘robust’ financial results from mining

The company’s six rigs are working full time with 100,000m of drilling planned in 2022 to drive resource growth.

In fact, Tietto is awaiting assays from a further 36 drill holes for 7,983m.

The Abujar definitive feasibility study, the company adds, demonstrated robust financial results, with estimated first-year gold production of 260,000oz as well as 1.2Moz over the first six years.

Abujar’s current mine life expectancy is 11 years.

Drill rigs moved to seek additional gold resource

Managing director Caigen Wang describes the latest drill results as adding to Tietto’s “tally” of bonanza-grade gold intercepts at AG Core.

“All infill drilling results are with our resource modelling consultants to complete a resource model upgrade due at the end of this quarter,” he said.

The drill rigs have now moved to the north and south of AG core with the goal of defining new gold resources.

Dr Wang said Abujar has the potential to be one of the largest gold mines in Cote d’Ivoire.

Construction of the mine is on schedule and first gold is expected in the December quarter.

The company is fully funded to the production stage.