Turaco Gold Limited (ASX:TCG) Confirms Further Shallow Gold at Afema Project
Drilling Results
Turaco Gold Limited (ASX:TCG) announced that recent shallow drilling at the Begnopan prospect along the Afema Shear has confirmed historical mineralisation and validates expected resource growth at the Afema Project. Out of thirty-two reverse circulation (RC) and diamond core holes, all but one returned significant gold mineralisation, including notable intercepts such as 34m @ 3.44g/t gold and 6m @ 6.12g/t gold.
Operational Achievements
The latest drilling, with an average depth of less than 70m vertical from the surface, has confirmed continuous shallow gold mineralisation across a 2.5km strike length. The mineralisation remains open in all directions, with further drilling and metallurgical testwork planned. Three drill rigs are operating around the clock at Afema, with numerous assays pending.
Future Outlook
Although the Begnopan results will not be included in the upcoming 2.52Moz Afema Project Mineral Resource Estimate (MRE) update, they are expected to support future resource growth. Metallurgical testwork on diamond core samples is underway to further validate the findings.
Executive Comments
Managing Director Justin Tremain commented, “These results at Begnopan deliver the addition of yet another shallow deposit along the Afema Shear and whilst the Begnopan will not be included in an upcoming update to the 2.52Moz Afema MRE, the results will support further resource growth to come.”
Motley Fool contributor Abbie Stokes 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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