26 Oct Tietto Minerals expands Ivorian gold resource by 40% to 3 million ounces
ASX-listed Tietto Minerals has announced that the overall gold resource at its Abujar project in Côte d’Ivoire has exceeded 3 million ounces, after recent drilling results expanded the resource by 40%.
The explorer added 870,000 ounces to the overall resource, which now stands at 81.2 million tonnes at 1.2 g/t for 3.02 million ounces, with all-in exploration costs of just US$5.20 per additional ounce.
Most of the resource increase comes from the Abujar-Gludehi (AG) deposit, which has grown by 490,000 ounces to 2.3 million ounces at 1.5 g/t of gold.
“This latest resource snapshot provides us with a great foundation for our pre-feasibility study on track to be delivered early in first quarter 2021, as we begin to test the company’s aspiration for a large scale 3.5 million tonnes per annum open pit operation,” said Tietto managing director Caigen Wang.
Tietto is continuing to explore the Abujar deposit, with a 70,000 metres diamond drill programme underway ahead of the next round of resource growth next year.
“We have only scratched the surface with 11.5 kilometres of strike tested on the Abujar main shear delivering 3.02 million ounces gold,” Wang added.