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Turaco Gold Limited - Adiopan Emerging as Additional Significant Deposit at Afema
Turaco Gold Limited - Adiopan Emerging as Additional Significant Deposit at
About this update from Turaco Gold Ltd
Turaco Gold Limited (ASX | TCG) ('Turaco' or the 'Company') is pleased to announce results from 53 reverse circulation ('RC') and diamond core ('DD') holes for a total of 7,600m drilled at the Anuiri Deposit (520koz @ 1.7g/t gold) and Asupiri Deposit (820koz @ 1.2g/t gold). Drilling at Asupiri targeted the western structure ('Asupiri West') and the 'Adiopan' zone of the eastern structure 'Asupiri East'. Excellent results have been returned with several plus 50gm (grade x metres) holes confirming resource extensions and highlighting new zones of gold mineralisation. Strong results were returned from both Asupiri West and Adiopan, along with new previously undrilled new zones of mineralisation along strike from both Anuiri and Asupiri West. Turaco is an exceptional financial position with over A$80 million cash, four rigs turning on double shift with results pending for drilling completed at Herman and Begnopan Managing Director, Justin Tremain commented: 'Drilling continues to return additional gold mineralisation outside the 3.55Moz resource estimate at Afema. There are large positions along the Afema Shear that have yet to see drilling despite high tenor gold-in-soil anomalism. Along with Begnopan and Toilesso, Adiopan is emerging as yet another area for immediate resource growth. With four rigs operating around the clock, we expect to report regular drill results and continue to demonstrate resource growth potential whilst the Afema PFS advances as planned.' Asupiri Drilling Turaco has been undertaking resource definition and extensional drilling at the Asupiri Deposit (MRE 820koz @ 1.2g/t gold). There are two parallel mineralised structures at Asupiri: the western structure ('Asupiri West') and the eastern structure ('Asupiri East'). Recent drilling has been focussed on Asupiri West which sits along the same controlling structure as the Jonction Deposit to the north. This drilling has not only improved confidence in the Asupiri MRE, it has also confirmed that this significant deposit remains open at depth and along strike. Drilling is ongoing at Asupiri West with results received from the initial 25 DD and RC holes for 3,767m which include: A scout diamond drill hole drilled approximately 2km along strike from the Asupiri Deposit, and just south of Adiopan, returned 5m @ 2.44g/t gold from 75m (ASUDD0028), demonstrating Asupiri West remains open along strike to the northwest. This hole targeted a largely untested 800m high-tenor gold-in-soil anomaly which lies directly along strike from Asupiri West and just south of Adiopan. Geology and mineralisation observed in hole ASUDD0028 confirmed the presence of the same stratigraphic sequence as Asupiri West with mineralisation developed close to the contact of hanging wall shales and footwall Tarkwaian-style sandstone. Outlook and Forward Drill Program discovery of new zones of gold mineralisation north of Anuiri and Asupiri West, resource extensions and recent exploration drilling success at Begnopan, Toilesso and Adiopan, demonstrate the potential for significant resource growth to the existing 3.55Moz Afema MRE to be delivered from the Afema Shear. Turaco is in an exceptional financial position with a current financial position exceeding $80 million cash. Despite the onset of the wet season in Cote d'Ivoire , additional access earthworks have allowed drilling to accelerate with a fourth drill rig mobilised to site, all operating on double shift. Drilling is focussed on testing for new discoveries, resource extensions and infill, along with geotechnical and metallurgical drilling as part of the Afema PFS which is advancing as planned. Currently a multipurpose RC/DD rig and a dedicated DD rig are operating at the Asupiri West and Anuiri Deposits. Another dedicated DD rig is undertaking exploration drilling along the Herman Trend and will then move to Baffia. The fourth rig is undertaking geotechnical DD drilling at Jonction, Woulo Woulo and Anuiri Deposits. Exploration drilling to the north, at areas such as Koffikro and Kotoka is planned immediately following the wet season with infill soils and pitting completed and providing immediate drill targets within these large untested anomalies. Contact: Justin Tremain Email: [email protected] Tel: +61 8 9480 0402 (C) 2025 Electronic News Publishing, source ENP Newswire