Turaco Gold Limited (ASX:TCG) has identified new gold assay results from recently completed diamond core and AC drilling at the Nyangboue prospect, within the 89% owned Boundiali Project in northern Côte d’Ivoire.
Turaco’s Boundiali Project is located immediately south of Perseus Mining Ltd’s 0.5Moz Bagoe project (acquired for ~A$80m in Sept 2020) and immediately north of Barrick Gold & Endeavour Mining’s Mankono exploration project (being acquired by Montage Gold Corp. for C$30m plus 2.5% NSR)
These latest assay results confirm extensions to previously drilled mineralisation at the Nyangboue prospect, along with a new parallel zone of mineralisation at surface over 400m in strike. Mineralisation remains open in all directions at Nyangboue.
“These latest results demonstrate the potential to continue to extend mineralisation defined at the Nyangboue prospect, along strike, at depth and from new gold zones at surface. Turaco currently has over 7,000 samples at the laboratory from drilling across the Eburnea and Tongon North Projects and drilling is ongoing,” Managing Director, Justin Tremain, said.
Boundiali Project (Turaco 89% Ownership)
The Boundiali project is positioned on the highly prospective Boundiali-Syama greenstone belt which hosts Resolute Mining Ltd’s Syama gold operation and Tabakoroni deposit in Mali.
On the belt’s southern extension into Cote d’Ivoire several smaller high-grade deposits have been discovered, including Perseus Mining Ltd’s Sissingue gold operation and Bagoe deposits and Montage Gold’s recent 4.6Moz Kone gold deposit to the southwest where the BoundialiSyama greenstone belt merges with the Senoufo belt.
Nyangboue Drilling
At the end of 2021, Turaco completed a reverse circulation (RC) drill program, testing for extensions to previous drill results at the Nyangboue Prospect, and successfully intersected mineralisation down-dip into fresh rock.
The company has followed up that RC drilling with a small diamond drill program comprising eight holes (NDC011-NDC018) for a total of 1,771m.
Diamond drilling was undertaken to test for depth extensions where previous RC drilling had ended in mineralisation and to gain a better understanding of the geological controls to the mineralisation assisting in targeting extensions, and new mineralised zones along the Nyangboue trend.
Visual inspections of the drill core show gold mineralisation to be coarse (nuggety) and hosted in quartz veining.
Results confirm northerly down-plunge and dip extensions to the mineralisation:
o 15m @ 1.20g/t gold from 167m and 6m @ 1.35g/t gold from 191m and 10m @ 1.10g/t gold from 220m (NDC013)
o 6m @ 2.60g/t gold from 134m (NDC014) o 4m @ 8.34g/t gold from 21m, incl. 2m @ 16.36g/t gold from 21m (NDC018)
o 17m @ 1.09g/t gold from 189m and 20m @ 1.29g/t gold from 211m and 12m @ 2.14g/t from 244m EOH (NDC016)
o 2m @ 13.57g/t gold from 30m (NDC017) o 11m @ 1.08g/t gold from 134m (NDC011)
o 7m @ 1.11g/t gold from 122m, incl. 1m @ 6.56g/t gold from 122m (NDC012)
For further information please visit: https://turacogold.com.au/
