Ann: Maiden Odienne Drilling Defines 1200m of Continuous Gold, page-2

ASX Announcement
25 September 2023
Directors
John Fitzgerald
Non-Executive Chair
Justin Tremain
Managing Director
Alan Campbell
Non-Executive Director
Bruce Mowat
Non-Executive Director
Lionel Liew
CFO / Company Secretary
Elliot Grant
Chief Geologist
Investment Highlights
Issued Capital 502.7m
Share Price 6 cents
Market Cap A$30m
Contact
Level 1, 50 Ord Street
West Perth WA 6005
Phone: +61 8 9480 0402
ACN 128 042 606
https://turacogold.com.au/
@TuracoGold
Turaco Gold
Maiden Odienne Drilling
Defines 1,200m Zone of Gold Mineralisation
Highlights
 Turaco completes initial reconnaissance style +5,000 metre drilling program at
the Odienne South permit in northwest Cote d’Ivoire
 Drilling tested three gold-in-soil anomalies with very broad 400m-1,200m
spaced drill traverses
 Best results define a continuous zone of gold mineralisation of >1g/t over
1,200m of strike with assays including:
o 12m @ 1.18g/t gold from 4m (ODAC0100)
o 12m @ 1.06g/t gold from 16m (ODAC0088)
o 8m @ 1.30g/t gold from 28m (ODAC0125)
 Results are shallow, with drilling testing just the oxide profile
 Anomalies are positioned along an interpreted high strain corridor associated
with the Archean domain margin and is comparable in stratigraphy to Guinea’s
Siguiri basin
Turaco Gold Limited (ASX | TCG) (‘Turaco’ or the ‘Company’ is pleased to advise that it has
received assays from a recently completed 5,149m drilling program at the Odienne South
permit in northwest Cote d’Ivoire (refer Figures One, Two and Three).
The program was reconnaissance style, with broadly spaced drilling testing three priority
discrete surface geochemical anomalies defined along the 30 kilometres of prospective
Sassandra shear zone which strikes northwest to southeast through the Odienne South
permit.
Strongest results came from the southeast of the permit where three 400m spaced drill
traverses demonstrated continuous 8-16m zone of mineralisation at 1.0-1.3g/t gold across a
strike of 1,200m. This zone of mineralisation remains open in all directions.
Managing Director, Justin Tremain commented:
“This is the first ever drilling within the Odienne South permit which tested three
targets defined by earlier soil sampling and auger drilling by Turaco. It is pleasing to
return a zone of continuous gold mineralisation across a significant strike length of
+1kms. The drilling has demonstrated the 30kms of the Sassandra shear that runs
through the Odienne South permit is mineralised. The Sassandra shear is a highly
favourable geological setting in West Africa.“