Tietto Minerals Ltd
Unit 7, 162 Colin Street Perth, WA 6005
Tel: +61 8 9420 8270
Web: www.tietto.com
24 January 2022
Tietto hits 2,853 g/t Au within 25.37m @ 131.05 g/t Au at AG Core
Highlights:
Tietto hits bonanza gold intercept at AG Core, from infill drilling on the main Abujar shear at its
only | 3.35Moz Abujar Gold Project; these project best results include: |
25.4m @ 131.1 g/t Au from 36.6m (ZDD895 - Section 14B) including: | |
8m @ 393.6 g/t Au from 38m incl. 3.4m @ 917.6 g/t Au (incl. 1.1m at 2,853 g/t Au) | |
12m @ 14.6 g/t Au from 50m incl. 2m @ 84. 5 g/t Au | |
| Diamond hole ZDD895 is part of Tietto's recently completed AG Core infill drilling; designed to |
use | convert Abujar AG Indicated Resources (35Mt @ 1.5 g/t Au for 1.65Moz) to Measured - targeting |
the first two years of Abujar's gold production | |
| Tietto awaits assays for 61 drill holes (9,329m) expected in February 2022; its six diamond drill rigs |
continue actively drilling with next resource update due end of Q1 CY2022 | |
| 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% A$1.3B | |
(pre‐tax) and A$0.97B (post‐tax) using US$1,700/oz and A$/US$=0.741 | |
| Tietto is funded to production2 with construction progressing on schedule - targeting first gold at |
Abujar in Q4 CY2022. | |
personalTietto Managing Director, Dr Caigen Wang, said: "This fantastic intercept of 1.1m at 2,853g/t gold from |
West African gold explorer and developer Tietto Minerals Limited (ASX: TIE) (Tietto or the Company) is pleased to report project best bonanza high‐grade gold results from infill drilling completed at the Abujar‐Gludehi (AG) Deposit, part of its 3.35Moz Abujar Gold Project in Côte d'Ivoire, West Africa.
our infill drilling program at AG is our best achievement to date. This bonanza gold intercept is located Forclose to surface in fresh mineralisation and combined with the multiple high‐grade intercepts we have reported from our infill drilling, it is expected these will have a material impact on the first years of open
pit mining at Abujar.
"Our exploration team is using these latest results to refine our drill targeting of the high‐grade shoots within the Abujar main shear. Results from our drilling continue to demonstrate high grades present in this large system and with more than 70km of strike at Abujar and achieving 100,000m of drilling a year; we think there is great potential to deliver more intersections like these.
- Refer ASX Announcement dated 5th October 2021
- Refer ASX Announcement dated 22nd November 2021
Tietto Minerals Ltd
Unit 7, 162 Colin Street Perth, WA 6005
Tel: +61 8 9420 8270
Web: www.tietto.com
"With completed settlement of the second tranche of our recent capital raise, we are now fully funded to
production at Abujar, which has potential to be one of the largest gold producing mines in Côte d'Ivoire, and expected to produce more than 260,000 ounces of gold in the first year and 1.2M ounces
onlyof gold in the first six years.
"We are well positioned to execute our dual strategy in 2022; our Exploration Team has recently commenced drilling 100,000m of diamond core this year to drive resource growth, and our Build Team is advancing construction work on schedule as we develop the Abujar Gold Project into West Africa's next gold mine."
Infill Drilling - AG Core
Tietto presents results for ZDD895 (135.5m), a diamond drill hole completed as part of Tietto's infill drilling program at AG Core which aims to increase confidence in Abujar mineral resource estimates (i.e.,
pgrading Indicated Resources to Measured Resources). | |||||||
use | |||||||
Best intersections from the latest batch of assays received for 1m diamond drill samples are summarised | |||||||
in Table 1 and photographs of the diamond core from interval 38.57m ‐ 39.67m is shown in Figure 1. | |||||||
Table 1: Significant Intersections from AG Core infill | |||||||
Hole id | Depth from | Depth to | Length | g/t Au | includes3 | ||
ZDD8954 | 36.63 | 62 | 25.37 | 131.05 | below | ||
includes5 | 38 | 46 | 8 | 393.59 | 3.43m @ 917.63 g/t Au | ||
and includes4 | 50 | 62 | 12 | 14.61 | 2m @ 84.45 g/t Au | ||
Forpersonal | |||||||
Figure 1: Diamond drill core from interval 38.57m ‐ 39.67m in hole ZDD895 at AG Core (NTW core diameter of 56.1mm) |
- 1.0 g/t Au cut off used with max 3m internal dilution and no top cut applied
4 0.1 g/t Au cut off used with max 3m internal dilution and no top cut applied 5 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
Drill collar details and assay results are in Table 2 and Table 5 respectively. Location of the reported drill collars and associated assay results is presented in Figure 4. An oblique cross‐section highlighting selected assay results is presented in Figure 5 and an oblique long section presents the results in Figure 6.
Table 2: Drill Collar Information | ||||||||||
Hole ID | Easting | Northing | Elevation | Depth (m) | dip | Azi | Section | Drill Type | ||
only | ZDD895 | 753,060 | 765,798 | 221 | 135.5 | ‐45 | 305 | 14B | DD | |
Tietto has completed infill drilling at AG on 25m line spacing (Measured Resource) between Section | ||||||||||
Lines 14 to 30 across the AG Core to a depth covering the first two years of gold production at Abujar | ||||||||||
use | ||||||||||
(~120m vertical depth). |
Gold mineralisation at AG Core remains open at depths well below open pit limits and Tietto will plan further drilling to assess the potential for underground mining at Abujar below the planned DFS open pit.
Tietto has now reported results for 177 holes for 32,536m with the release of this ninth batch. Significant intersections (>=20 gold gram metres) from the program including those from this release are
personalpresented in Table 3. For
- 0.4 g/t Au cut off used with max 3m internal dilution and no top cut applied
For personal use only
Tietto Minerals Ltd
Unit 7, 162 Colin Street Perth, WA 6005
Tel: +61 8 9420 8270
Web: www.tietto.com
Hole id | From | To | Length | g/t Au | gold gram metres | ASX Reporting |
ZDD705 | 0 | 1 | 1 | 55.13 | 55 | 12 Nov 2021 |
ZDD724 | 82 | 91 | 9 | 6.03 | 54 | 22 Dec 2021 |
ZDD770 | 74 | 79 | 5 | 10.16 | 51 | 22 Dec 2021 |
ZDD760 | 234 | 243 | 9 | 5.47 | 49 | 22 Dec 2021 |
ZDD691 | 79 | 87 | 8 | 5.95 | 48 | 21 Oct 2021 |
ZDD699 | 162 | 176 | 14 | 3.27 | 46 | 12 Nov 2021 |
ZDD606 | 143 | 162 | 19 | 2.33 | 44 | 10 Sep 2021 |
ZDD750 | 196 | 200 | 4 | 10.75 | 43 | 30 Nov 2021 |
ZDD671A | 136 | 150 | 14 | 2.87 | 40 | 13 Oct 2021 |
ZDD698 | 178 | 189 | 11 | 3.58 | 39 | 12 Nov 2021 |
ZDD670 | 138 | 139 | 1 | 36.82 | 37 | 22 Dec 2021 |
ZDD727 | 61 | 72 | 11 | 3.34 | 37 | 30 Nov 2021 |
ZDD799 | 18 | 29 | 11 | 3.09 | 34 | 22 Dec 2021 |
ZDD774 | 248 | 252 | 4 | 8.30 | 33 | 22 Dec 2021 |
ZDD707 | 201 | 228 | 27 | 1.19 | 32 | 12 Nov 2021 |
ZDD805 | 105 | 115 | 10 | 3.04 | 30 | 20 Jan 2022 |
ZDD796 | 144 | 154 | 10 | 3.01 | 30 | 20 Jan 2022 |
ZDD790 | 117 | 131 | 14 | 2.14 | 30 | 20 Jan 2022 |
ZDD817 | 112 | 126 | 14 | 2.14 | 30 | 20 Jan 2022 |
ZDD607 | 93 | 110 | 17 | 1.68 | 29 | 10 Sep 2021 |
ZDD707 | 237 | 238 | 1 | 28.39 | 28 | 12 Nov 2021 |
ZDD658 | 71 | 77 | 6 | 4.69 | 28 | 13 Oct 2021 |
ZDD691 | 112 | 115 | 3 | 9.32 | 28 | 21 Oct 2021 |
ZDD629 | 34 | 41 | 7 | 3.66 | 26 | 10 Sep 2021 |
ZDD703 | 149 | 151 | 2 | 12.64 | 25 | 12 Nov 2021 |
ZDD618 | 91 | 98 | 7 | 3.56 | 25 | 10 Sep 2021 |
ZDD679 | 18 | 30 | 12 | 2.07 | 25 | 22 Sep 2021 |
ZDD636 | 101 | 105 | 4 | 6.11 | 24 | 22 Sep 2021 |
ZDD636 | 70 | 74 | 4 | 6.02 | 24 | 22 Sep 2021 |
ZDD608 | 104 | 113 | 9 | 2.64 | 24 | 10 Sep 2021 |
ZDD668 | 108 | 109 | 1 | 23.70 | 24 | 13 Oct 2021 |
ZDD668 | 168 | 169 | 1 | 23.52 | 24 | 13 Oct 2021 |
ZDD608 | 167 | 173 | 6 | 3.88 | 23 | 10 Sep 2021 |
ZDD589 | 56 | 68 | 12 | 1.91 | 23 | 10 Sep 2021 |
ZDD747 | 40 | 46 | 6 | 3.82 | 23 | 22 Dec 2021 |
ZDD682 | 97 | 105 | 8 | 2.80 | 22 | 22 Dec 2021 |
ZDD688 | 157 | 159 | 2 | 11.14 | 22 | 22 Dec 2021 |
ZDD637 | 79 | 90 | 11 | 1.98 | 22 | 22 Sep 2021 |
ZDD859 | 113 | 114 | 1 | 21.87 | 22 | 20 Jan 2022 |
ZDD706A | 113 | 129 | 16 | 1.34 | 21 | 12 Nov 2021 |
ZDD705 | 148 | 151 | 3 | 7.01 | 21 | 12 Nov 2021 |
ZDD704 | 146 | 157 | 11 | 1.90 | 21 | 12 Nov 2021 |
For personal use
Table 4: AG Core ‐ significant intersections greater than 50 gold gram metres7 | ||||||||||||
Hole id | From | To | Length | g/t Au | gold gram metres | Section | ||||||
ZDD895 | 38 | 46 | 8 | 393.59 | 3149 | 14B | ||||||
ZDD035 | 76 | 83 | 7 | 57.79 | 405 | 26B | ||||||
ZDD084 | 55 | 62 | 7 | 41.76 | 292 | 24B | ||||||
ZDD685 | 54 | 56 | 2 | 143.77 | 288 | 25A | ||||||
ZDD687 | 69 | 85 | 16 | 17.60 | 282 | 19C | ||||||
ZDD095 | 215 | 236 | 21 | 13.02 | 273 | 23B | ||||||
ZDD043 | 111 | 127 | 16 | 16.31 | 261 | 27C | ||||||
ZDD082 | 83 | 85 | 2 | 113.30 | 227 | 26 | ||||||
ZDD696 | 125 | 132 | 7 | 30.67 | 215 | 25A | ||||||
ZDD028 | 39 | 57 | 18 | 11.72 | 211 | 28B | ||||||
ZRC171 | 238 | 244 | 6 | 34.17 | 205 | 20 | ||||||
ZDD333 | 173 | 194 | 21 | 8.73 | 183 | 25B | ||||||
ZDD895 | 50 | 62 | 12 | 14.61 | 175 | 14B | ||||||
ZDD859 | 37 | 47 | 10 | 16.53 | 165 | 28C | ||||||
ZDD027 | 70 | 88 | 18 | 8.37 | 151 | 29 | ||||||
ZDD437 | 203 | 208 | 5 | 28.91 | 145 | 19 | ||||||
ZRC172 | 108 | 128 | 20 | 6.56 | 131 | 19B | ||||||
ZDD445 | 120 | 149 | 29 | 4.46 | 129 | 16B | ||||||
ZDD665 | 97 | 119 | 22 | 5.62 | 124 | 24A | ||||||
ZDD180 | 286 | 296 | 10 | 12.09 | 121 | 20B | ||||||
ZDD058 | 179 | 186 | 7 | 15.50 | 109 | 25 | ||||||
ZDD596 | 85 | 88 | 3 | 35.65 | 107 | 28A | ||||||
ZDD061 | 254 | 255 | 1 | 103.90 | 104 | 22 | ||||||
ZRC188 | 70 | 72 | 2 | 51.14 | 102 | 20B | ||||||
ZDD685 | 61 | 67 | 6 | 17.01 | 102 | 25A | ||||||
ZDD074 | 174 | 176 | 2 | 50.65 | 101 | 22B | ||||||
ZDD703 | 187 | 195 | 8 | 12.43 | 99 | 23C | ||||||
ZDD232 | 370 | 382 | 12 | 7.54 | 90 | 24B | ||||||
ZRC164A | 268 | 286 | 18 | 4.90 | 88 | 19 | ||||||
ZDD617 | 66 | 73 | 7 | 12.48 | 87 | 25C | ||||||
ZDD096 | 173 | 178 | 5 | 17.27 | 86 | 23B | ||||||
ZDD734 | 83 | 90 | 7 | 11.87 | 83 | 22C | ||||||
ZDD704 | 214 | 232 | 18 | 4.36 | 78 | 18C | ||||||
ZDD081 | 78 | 94 | 16 | 4.75 | 76 | 25 | ||||||
ARC17 | 48 | 58 | 10 | 7.46 | 75 | 17B |
- 0.4 g/t Au cut off used with max 3m internal dilution and no top cut applied
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Tietto Minerals Ltd. published this content on 23 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 January 2022 22:23:05 UTC.