Gold: Tietto’s Abujar gold project in Cote D’Ivoire could get bigger

Tietto Minerals (ASX:TIE) has hit shallow high-grade gold about 1.5km south and along strike of the higher grade core at the Abujar‐Gludehi (AG) North deposit within the Abujar gold project in Cote D’Ivoire, West Africa.

Shares in the company were up 3.77 per cent this morning.

Drilling returned a top intersection of 1m at 30.81 grams per tonne (g/t) gold from 106m along with a broader hit of 13m at 3.1g/t gold from 10m.

This is part of exploration targeting high-grade, near-surface mineralisation along up to 8.5km of strike from the APG deposit to AG South, where the latest results are from.

The higher grade core at AG North currently hosts a resource of 19.3 million tonnes at 2.2 g/t for 1.38 million ounces of contained gold, making up more than half of the global Abujar resource of 2.2 million ounces of gold.

Assays are pending for more than 4,000 diamond core samples and the company expects to update its resources in the third quarter of 2020.

READ: Barry FitzGerald: Why Tietto could be in the sights of the growth-hungry gold producers

Managing director Dr Caigen Wang says the latest drill results indicate that there is potential to link the AG and APG deposits.

“Further results like these at shallow depths could translate into the development of high-grade, near-surface gold resources, providing added value to a development centred on AG North,” he explained.

Meanwhile, Nagambie Resources (ASX:NAG) has completed an induced polarisation survey that further supports its belief that Fosterville-style, sulphide gold mineralisation is present in the Nagambie mine area in Victoria.

The company said this validated the intersecting-faults gold model for its extensive tenement holdings in the Waranga Domain.

The survey has also identified a drill-ready zone at Nagambie Mine West and the Cahill and Racecourse sulphide-gold targets that will require further surveys to the west before they could become drill-ready.