Turaco Gold Drills 105 Metres At 1.61 g/t Gold In Cote d’Ivoire

Turaco Gold Ltd (ASX: TCG) has delivered strong results from the initial six drill holes targeting gold extensions at the Woulo Woulo deposit.

Highlight results include 105 metres at 1.61 g/t gold from 135 metres, peaking at 34 metres at 3.19 g/t gold.

Resource drilling program

The Woulo Woulo gold deposit is within the recently acquired Afema Gold Project in southeastern Cote d’Ivoire.

Turaco completed the acquisition of a 51% interest in March 2024, with a right to increase that interest to 70%.

Following the acquisition, Turaco embarked on a drilling program to expedite the delineation of a maiden JORC mineral resource estimate.

Two drill rigs are operating at Afema – a multi-purpose reverse circulation (RC)/ diamond (DD) rig and a ‘man-portable’ DD rig.

Material discovery

Turaco Managing Director Justin Tremain said: “These results are from the first holes drilled at Woulo Woulo by Turaco and confirm mineralisation to be broadening with improved grade at depth.

“Woulo Woulo has exceptional wide zones of mineralisation, with good consistency of gold grade, and is a material discovery.”

Multiple drill-ready targets

The Afema Project covers a well-mineralised gold system and is blessed with a long list of drill-ready targets.

The company is well-funded with over A$20 million in cash after recently completing a share placement to existing and new investors to raise A$18 million.

 

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