Ann: Satama Drilling Confirms Discovery, page-3

 Maiden RC and air core drilling at the recent Satama auger discovery intersects
significant gold mineralisation over greater than 3kms of strike within a regional
scale +8km shear zone with associated anomalous soil geochemistry
 Mineralisation is from surface and is completely open along strike and at depth
 Initial drill results from less than 60m vertical depth include:
o 12m @ 3.80g/t gold from 24m (STAC0031)
o 20m @ 1.61g/t gold from surface (STAC0016)
o 19m @ 1.62g/t gold from 56m (STAC0015)
o 7m @ 2.78g/t gold from 27m (STRC012)
o 7m @ 2.52g/t gold from 2m (STRC009)
o 11m @ 1.54g/t gold from 3m (STRC001)
o 16m @ 1.23g/t gold from 75m (STRC008)
 Drilling has highlighted multiple subparallel shallow gold zones
 Supported by trenching results of 6m @ 3.36g/t gold and 10m @ 1.27g/t gold
 Anomalous gold-in-soil geochemistry extends for several additional kilometres
of untested strike
 Drilling is ongoing with the programme at Satama expanded, along with planned
geophysical surveys
 Maiden RC drilling at the Bouake North prospect to commence in the next 1-2
weeks
 Strong financial position with approximately ~$14M cash
Turaco Gold Limited (ASX | TCG) (‘Turaco’ or the ‘Company’ is pleased to announce drilling
results from first pass, reconnaissance style, reverse circulation (RC) and air core (AC) drilling
at the recently defined Satama auger anomaly within eastern permit of the Eburnea Gold
Project in central Côte d’Ivoire (refer Figure One). The Eburnea Gold Project is located between
Endeavour Mining’s 2.5Moz Au Fetekro project to the north and Allied Gold’s 2.5Moz Au
Bonikro and 1.0Moz Au Agbaou gold mines to the south (refer Figure One and Four).
Managing Director, Justin Tremain commented:
“These initial drilling results at Satama confirm the presence of shallow gold
mineralisation beneath the recently announced auger results. Initial drilling was wide
spaced and confirmed the presence of gold mineralisation along 3 kilometres of strike
which is open and supported by anomalous geochemistry. The results reinforce Satama
as a high priority target for Turaco with the potential to host significant gold
mineralisation.”