Turaco Gold Limited’s (ASX: TCG) excellent recently completed RC drilling results have confirmed good continuity, with high-grade plunging shoots, along the two km of drilled strike at the Satama gold discovery within the eastern permit of the Eburnea Gold Project in central Côte d’Ivoire.
The latest results continue to confirm Satama as being a significant, multi-kilometre strike length greenfield gold discovery which is expected to continue to grow. This latest drill programme of 12 RC holes undertaken to identify higher grade plunging shoots and down dip extensions to previous drilling.
The programme has successfully achieved both, with a high- grade plunging shoot defined at the northern area of the drill grid with hole STRC0095 returning 26m @ 4.82g/t gold from 35m, the highest gram metre intersection to date. This zone of high-grade mineralization remains open in all directions.
A 2,050m auger programme has also recently been completed testing parallel structures to the west of the existing drill grid where an IP survey highlighted high chargeability and resistive anomalies extending for over four km in strike. Results from this programme are pending.
“Drilling at Satama continues to generate good results with this latest round of RC drilling delivering the best result to date at Satama with a +100 gram metre intersection of 26m @ 4.82g/t from 35m,” Managing Director, Justin Tremain, said.
“We look forward to receiving and reporting results from the reconnaissance, shallow auger drilling recently completed testing the western parallel structures which, if positive, would show substantial growth potential at Satama.
“Following a short break over the Christmas period, exploration activities have resumed with auger and soil geochemical sampling programmes underway at the Odienne project in northwest Cote d’Ivoire.”
Eburnea Project
The Eburnea Project covers two granted permits covering 690km2 in central Côte d’Ivoire. The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Fetekro gold project approximately 35km to the north and the 2.5Moz Bonikro and 1.0Moz Agbaou gold mines 200km to the south. The Satama permit covers a significant north-east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin.
Satama (Turaco 100% Interest)
Turaco has completed two phases of air core (AC) drilling (for approximately 17,000m) and one phase of RC drilling (for approximately 8,900m) at Satama.
The drilling successfully delineated gold mineralisation from surface and along two km of strike which remains open to the north.
Previously reported results from RC drilling along the two km of strike demonstrated good continuity of gold mineralization.
During December 2022, Turaco undertook a further small follow-up RC programme to test for high-grade shoots along the 2kms of drilled mineralisation at Satama. The programme was designed to identify high-grade plunging shoots and to test for down dip extensions to the previous drilling. The latest RC programme comprised a total of 1,482m across 12 holes (average hole depth ~120m).
This latest programme has successfully extended mineralisation down dip and defined higher-grade, southerly plunging shoots. Results from this programme include the best gram metre intersection to date at Satama with a +100gm intersection in STRC0095. This zone of high-grade mineralization, occurring in a parallel structure, remains completely open to the south and for repetitions of high-grade shoots to the north, where broad spaced AC drilling had previously confirmed at least a further kilometre of anomalous strike.
Satama is defined by a +10km long gold-in-soil anomaly and the main Satama trend that has been drilled is open to the north where previous auger drilling has confirmed further in situ gold anomalism along strike of the drill grid.
In addition, a gradient array and dipole-dipole IP survey completed in the second half of 2022 indicated the presence of significant shear structures to the west of current drilling at Satama. These shear structures have not been tested by any previous exploration drilling.
The western shear structures are considered significant as they are anomalously chargeable and resistive, supporting the presence of sulphides and veining at depth. The western anomalies have substantial strike lengths of over 4kms. An auger program of ~2,050m across 13 traverses has recently been completed with assays pending.
The company believes this auger programme has the potential to add substantial scale to the Satama discovery.
For further information please visit: https://turacogold.com.au/
