TCG 4.65% 22.5¢ turaco gold limited

Ann: First Drilling at Woulo Woulo Delivers 105m @ 1.61g/t Gold, page-19

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    Yaoure contains approx. 3.5Moz in Measured, Indicated and Inferred, this is contained within the "same" orebody. The Afema "historical resource" you're referring to is the "global" ounces in the entire project (including some mined depletions) spread across different deposits/orebodies of various size, some smaller, some bigger. So its not really a like-for-like comparison.

    But you're correct in that the "historical resource" as of 2016 excludes Woulo Woulo, which I believe was discovered in early 2020. I'll leave you and others to crunch the numbers to see what resource potential you come up with.

    Btw, "historical resource" is just code word for a resource which is not JORC-compliant, meaning Justin cannot quote these numbers in his presentations etc. He can direct investors (or potential investors) to where they can read the information for themselves, but they cannot included in TCG announcements because they do not meet the standards for public reporting, and TCG could be accused of misleading the market if they did.

    The reporting of historical intercepts from Afema are treated differently, and as long as the data has had appropriate QAQC checks and validation to TCG's satisfaction, this is ok. This is why there is currently a push to get the confirmation and validation drilling done to feed into a new JORC-compliant resource for Afema, which will include a maiden resource for Woulo Woulo.

 
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