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Turaco Gold Confirms Significant Resource Growth at Afema Project

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Turaco Gold Confirms Significant Resource Growth at Afema Project

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Turaco Gold Ltd ( (AU:TCG) ) has shared an update.

Turaco Gold Limited has announced promising results from recent drilling and metallurgical tests at the Begnopan and Asupiri deposits within the Afema Project. The findings confirm Begnopan as a significant new deposit, with high-grade gold results and substantial mineralization, paving the way for its inclusion in an updated resource estimate. The Asupiri deposit also shows resource growth potential, with ongoing drilling enhancing confidence in its resource estimates. These developments are expected to positively impact Turaco’s operations and strengthen its position in the gold mining sector.

The most recent analyst rating on (AU:TCG) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Turaco Gold Ltd stock, see the AU:TCG Stock Forecast page.

More about Turaco Gold Ltd

Turaco Gold Limited is a company operating in the gold mining industry, focusing on exploration and development projects. The company is actively involved in the Afema Project, which includes multiple gold deposits in West Africa, and is well-positioned financially with significant cash reserves.

Average Trading Volume: 1,300,709

Technical Sentiment Signal: Buy

Current Market Cap: A$525.4M

See more insights into TCG stock on TipRanks’ Stock Analysis page.

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