TIETTO MINERALS LIMITED Tietto Minerals Ltd
Unit 7, 162 Colin Street Perth, WA 6005
Tel: +61 8 9420 8270
Web: www.tietto.com
8 June 2022
only | Tietto hits 119.87 g/t gold within 10m @ 16.6 g/t gold from Abujar infill drilling | |
Highlights: | ||
Tietto adds more high‐grade gold intercepts from infill drilling at AG Core and AG South on the main | ||
Abujar Shear at its 3.45Moz Abujar Gold Project; results include: | ||
use | 10m @ 16.60 g/t Au from 42m incl. 1m @ 119.87 g/t Au (ZDD1152 - Section 17) | |
5.50m @ 9.66 g/t Au from 46.5m (ZDD1160 - Section 14B) | ||
5m @ 7.32 g/t Au from 46m (ZDD1149 - Section 16B) | ||
10m @ 2.73 g/t Au from 46m incl. 6m @ 4.18 g/t Au (ZDD1088 - Section 23) | ||
6m @ 3.35 g/t Au from 51m incl. 1m @ 18.39 g/t Au (ZDD1137 - Section 21) | ||
Latest results received from infill drilling at AG South (10 holes for 2,826.5m) and AG Core (6 holes | ||
personal | for 803m) between Section Lines 0 to 29. Drilling is targeting delineation of Measured Resources (over | |
2.9km) expected to be mined during the first two years of Abujar gold production | ||
Assays pending for infill holes (109 holes for 16,336.5m) drilled at AG South and AG Core | ||
| Results from exploration drilling targeting resource growth on prospects along strike from AG | |
expected this month | ||
Tietto's six diamond rigs are actively drilling, with more than 100,000m of drilling forecast in 2022 | ||
| Abujar DFS demonstrated robust financial results and estimated first‐year gold production of | |
260,000oz and 1.2Moz over the first six years of Abujar's 11‐year mine life for an NPV5% of A$1.3B | ||
(pre‐tax) and A$0.97B (post‐tax) using US$1,700/oz Au and A$/US$=0.741 |
Updated Abujar LOM production plan on track for delivery early Q3 CY22 Abujar gold plant construction is on target for first gold in Q4 CY2022
For | Construction at Abujar Gold Project is fully funded with no debt. |
|
West African gold explorer and developer Tietto Minerals Limited (ASX: TIE) (Tietto or the Company) pleased to report high‐grade gold results from infill drilling completed at AG Core and AG South, part its 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa.
is of
Tietto Managing Director, Dr Caigen Wang, said: "I am pleased to report more shallow high‐grade mineralisation from our infill drilling at AG Core and AG South. The drilling at AG Core is part of a small, targeted program designed to allow for further increases to Measured Resources in the next MRE update.
- Refer ASX Announcement dated 5th October 2021
Tietto Minerals Ltd
Unit 7, 162 Colin Street Perth, WA 6005
Tel: +61 8 9420 8270
Web: www.tietto.com
Our expanded infill drilling program aims to define Measured Resources (over 2.9km) between Section onlyLines 0 to 29 (AG South and AG Core) expected to be mined during the first two years of production. Once this program is completed, our drill rigs will again move to the still largely untested potential of the main
Abujar Shear and undertake new resource definition drilling.
We are fully funded to production at Abujar, which has potential to be one of the largest gold producing mines in Côte d'Ivoire, with an expected production of more than 260,000 ounces of gold in the first year and 1.2M ounces of gold in the first six years.
Tietto has an experienced team on board to deliver Abujar on time and on budget. We are on track to usedeliver another mineral resource update this year. Shareholders can expect further updates from our aggressive diamond drilling program as we advance our dual strategy of 'Drill and Build' and develop our
Abujar Project into West Africa's next gold mine, with first gold by the end of Q4 CY22."
Infill Drilling - AG Core
personalTietto is pleased to report the latest batch (six DD holes for 803m) of assay results from infill diamond drilling at AG Core. This small, targeted program of approximately 4,000m drilling is designed to allow for further increases to Measured Resources in the next MRE update. More significant intersections received from 1m diamond drill samples are summarised in Table 3.
ForDrill collar details and assay results are in Table 5 and Table 6 respectively. Location of the reported drill collars and associated assay results are presented in Figure 3. An oblique cross‐section highlighting selected assay results is presented in Figure 4 and an oblique long section presents results in Figure 5.
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0.4 g/t Au cut off used with max 3m internal dilution and no top cut applied
3 1.0 g/t Au cut off used with max 3m internal dilution and no top cut applied
Tietto Minerals Ltd
Unit 7, 162 Colin Street Perth, WA 6005
Tel: +61 8 9420 8270
Web: www.tietto.com
Drilling has intersected good widths and grades in assays received to date with these new results, increasing the tally to 73 intervals greater than 50 gold gram metres, including 13 intervals greater than 200 gold gram metres at AG Core (Table 2). onlyuse
personalFor
- 0.4 g/t Au cut off used with max 3m internal dilution and no top cut applied
Tietto Minerals Ltd
Unit 7, 162 Colin Street Perth, WA 6005
Tel: +61 8 9420 8270
Web: www.tietto.com
Infill Drilling - AG South
Tietto is pleased to report the third batch (10 DD holes for 2,826.5m) of assay results from infill diamond drilling at AG South, designed to convert Indicated Resources to Measured Resources for mining in the first two years of production. More significant intersections received from 1m diamond drill samples are summarised in Table 3.
only | Table 3: Significant Intersections from AG South infill drilling5 | |||||
Hole id | Depth from | Depth to | Length | g/t Au | includes6 | |
ZDD1081 | 52 | 54 | 2 | 6.03 | 2m @ 6.03 g/t Au | |
ZDD1082 | 227 | 232 | 5 | 1.00 | 4m @ 1.05 g/t Au | |
ZDD1084 | 211 | 212 | 1 | 17.64 | 1m @ 17.64 g/t Au | |
ZDD1097 | 258 | 260 | 2 | 6.10 | 2m @ 6.1 g/t Au |
useDrill collar details and assay results are in Table 5 and Table 6 respectively. Location of the reported drill collars and associated assay results are presented in Figure 3 and an oblique long section presents results in Figure 5.
Tietto is completing infill drilling at AG South on 25m line spacings between Section Lines 0 to 13 to a depth covering the first two years of gold production at Abujar (~120m vertical depth). Gold mineralisation at AG South remains open at depth and Tietto is planning further drilling to assess the potential below the planned DFS open pit.
Tietto has intersected 14 intervals greater than 50 gold gram metres at AG South (Table 4).
Table 4: AG South ‐ significant intersections greater than 50 gold gram metres7 | |||||||
Hole id | From | To | Length | g/t Au | gold gram metres | Section | |
ZDD542 | 99 | 108 | 9 | 61.97 | 558 | 6 | |
ZDD491 | 53 | 60 | 7 | 51.56 | 361 | 6B | |
ZDD539 | 64 | 67 | 3 | 58.61 | 176 | 9B | |
ZDD483 | 71 | 74 | 3 | 52.95 | 159 | 4B | |
ARC04 | 102 | 110 | 8 | 13.66 | 109 | 5 | |
ZDD536 | 63 | 67 | 4 | 26.05 | 104 | 5B | |
ZDD181 | 34 | 40 | 6 | 16.09 | 97 | 1B | |
personal | 43 | 47 | 4 | 18.96 | 8 | 76 | 11C |
ZDD1068 | |||||||
ARC05 | 12 | 20 | 8 | 9.06 | 72 | 2B | |
ZDD807 | 181 | 188 | 7 | 9.78 | 68 | 1B | |
ZDD814 | 254 | 261 | 7 | 9.38 | 66 | 3B | |
ZDD239 | 183 | 184 | 1 | 64.3 | 64 | 2 | |
ARC03 | 64 | 70 | 6 | 9.22 | 55 | 7 | |
ZDD1036 | 86 | 88 | 2 | 27.65 | 55 | 7C | |
For |
- 0.4 g/t Au cut off used with max 3m internal dilution and no top cut applied
6 1.0 g/t Au cut off used with max 3m internal dilution and no top cut applied 7 0.4 g/t Au cut off used with max 3m internal dilution and no top cut applied
8 Interval reported 24 May 2022 as 4m @ 14.49 g/t Au from 43m incl. 1m @ 55.13 g/t Au (ZDD1068 ‐Section 11C). Screen fire
assay of high‐grade interval returned 1m @ 73.02 g/t Au. Intersection now reports as 4m @ 18.96 g/t Au from 43m.
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Tietto Minerals Ltd. published this content on 07 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2022 23:21:08 UTC.
