Tietto hits 5m at 109.06 g/t gold inc. 1m at 532.05 g/t gold at AG South
Highlights:
Tietto hits project‐best gold intercept at AG South among multiple shallow high‐grade gold drill results at its 3.02Moz Abujar Gold Project including:
5m @ 109.06 g/t Au from 99m incl. 1m @ 532.05 g/t Au (ZDD542) (Figure 1) 4m @ 26.05 g/t Au from 63m incl. 1m @ 50.75 g/t Au (ZDD536) 12m @ 3.31 g/t Au from 93m incl. 2m @ 17.31 g/t Au (ZDD470) 3m @ 8.43 g/t Au from 159m incl. 1m @ 24.06 g/t Au (ZDD470) 3m @ 6.13 g/t Au from 37m incl. 1m @ 17.73 g/t Au (ZDD472)
Infill drilling has defined a contiguous zone of shallow ultra‐high‐grade gold intersections over 200m strike length at AG South
Tietto has extended its infill diamond drilling program cut‐off to 24 May 2021 to include more results; Abujar Mineral Resource update now due by June quarter end
Tietto expects recent drilling will underpin a material upgrade to Abujar Ore Reserves of 15.7Mt @ 1.7g/t Au for 0.86Moz (maiden open pit) within AG 22.9Mt @ 1.5g/t Au for 1.12Moz1 Mining Inventory and open‐pitable Inferred Resources identified at APG (8.1Mt @ 0.8g/t Au for 0.2Moz) within the Expanded Project study
Strong news flow with more than 5,000 Abujar core samples at the laboratory
Tietto’s fleet of six diamond rigs are drilling ~11,000m a month to drive Abujar’s rapid resource growth at low discovery cost per ounce in 2021
Tietto is rapidly advancing Abujar with June quarter work program to include front end engineering and design (FEED), and commencement of site and camp construction
Tietto is well funded to drive Abujar development, with ~$52M cash at bank
Tietto Managing Director, Dr Caigen Wang, said; “Our infill drilling program at AG South has again exceeded our expectations with multiple ultra‐high‐grade gold hits, including a project best intercept of just over 1m at 0.53 kg/t gold in the holes reported today.
“Infill drilling has defined a continuous zone of shallow ultra‐high‐grade gold (over 100 gold gram metres) striking over 200m between sections 4B – 6B at AG South. All these new results will be fed into the upcoming resource model update.
“These high impact holes have potential to add material shallow high‐grade ounces early in the mine schedule, which we expect to be positive for our open pit optimisation.
“Once the infill program is completed, we intend to use our diamond drill rigs to test the multitude of exploration targets around our proposed mill at Abujar to drive future resource growth.
“On the development front, our recent initiatives and work program demonstrate our progress towards delivery of our fully funded Abujar DFS in Q3 2021 and more broadly, positioning Abujar as West Africa’s next gold mine.”
