TCG 11.8% 19.0¢ turaco gold limited

Woulo Woulo is 2.9km long, mostly drilled and mineralized to...

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    Woulo Woulo is 2.9km long, mostly drilled and mineralized to 200m deep. Let’s call average thickness 30m and SG 2.75g/t. This gives us 48Mt of material. Let’s shave 20% off to give some wiggle room and call it 38Mt. I think grade is maybe 0.9-1g/t from eyeballing it. Gives us about 1.1Moz at 0.9g/t or 1.2Moz at 1g/t.

    There is what looks to be a decent starter pit though that from eyeballing looks like could be more like 1.1-1.2g/t. Hard to now from 0.5g/t ranges being same colour so this is very much a spitball.

    https://hotcopper.com.au/data/attachments/5758/5758370-a0d46ddb326857077bc166e353d6a096.jpg

    Anuri looks like a decent starter pit possible too and sitting in much higher grade 3g/t+. This gives optionality on blending feed to get payback done quickly IMO

    https://hotcopper.com.au/data/attachments/5758/5758376-c77e31832d797cab66dfa26dd1cdf4fc.jpg

    There are some easy picking oxides here and then into sulphides but there could be 50-60koz in this little pocket.

    Jonction not quite as easy but it has a fairly high grade pocket near surface too. Looks like some real optionality on how they schedule early feed.

    https://hotcopper.com.au/data/attachments/5758/5758385-bc856a19d1f1aad10704170f7c0b20e5.jpg

    At a rough guess they probably have 1.5-2Moz sitting there waiting to be confirmed as JORC MRE

    Exploration ground looks top notch

    Nianemlessa has some good hits in a small pit + multiple 2-3g/t+ trenches showing there is likely a stack of oxides sitting along these sheers that can add to MRE and feed to support Woulo Woulo.

    https://hotcopper.com.au/data/attachments/5758/5758386-342d299f9c942b83e36f922d40e6960e.jpg

    Finally the soils on the sheer structures at M’ possa and Chabieres look like they could throw up some really nice results.

    https://hotcopper.com.au/data/attachments/5758/5758388-f61cb07fa296079d3a66cb0337383571.jpg










 
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