Turaco Gold Limited (ASX:TCG) Announces Substantial Resource Growth
Drilling Results Confirm Gold Continuity
Turaco Gold Limited (ASX:TCG) announced that shallow drilling at Asupiri has validated historical gold mineralisation continuity. Twenty-eight drill holes returned consistent results. These include intervals like 9m @4.49g/t gold and 37m @1.31g/t gold. These results support the upcoming maiden JORC Mineral Resource Estimate (MRE).
Mineral Resource Estimate Update
The new MRE is expected to significantly increase the current 2.52Moz Afema Project MRE. It will incorporate additional drilling at Woulo Woulo, Jonction, and Anuiri deposits. Asupiri is strategically located near the Anuiri deposit and remains open in all directions. The total strike length is 5 kilometres.
Future Exploration Plans
Turaco continues with three drill rigs operating at the Afema Project. Current drilling focuses on Baffia, Niamienlessa SW, and untested northern strike extensions of the Afema Shear. Metallurgical test work on Asupiri is advancing, with updates expected in March/April 2025. Further drilling is planned to explore additional gold-in-soil anomalies.
Executive Comments
Managing Director Justin Tremain commented, “The Asupiri deposit is immediately adjacent to the 600koz Anuiri deposit. Subject to additional metallurgical test work being completed over the next few weeks, Asupiri will provide a substantial increase to the 2.52Moz MRE for Afema particularly when combined with the extensions to Woulo Woulo drilled beyond its current MRE envelope. Further, both Asupiri and Anuiri remain completely open, including seven kilometres of strike extending northeast to the 660koz Junction deposit. Numerous gold-in-soil anomalies on favourable structural positions remain undrilled.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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