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Turaco Gold Ltd ( (AU:TCG) ) has provided an announcement.
Turaco Gold has reported strong follow-up drilling results along the Niamienlessa-Affienou Trend at its Afema Gold Project in Côte d’Ivoire, confirming continuous near-surface oxide gold mineralisation at the Niamienlessa SW prospect and new mineralisation at the previously untested Affienou West target. The company says these zones, located within 15 kilometres of the existing Woulo Woulo deposit, underscore the emergence of Afema as a camp-scale gold district distinct from the main Afema Shear structure.
Additional diamond drilling at the Adiopan prospect returned further thick, high-grade intercepts and will be incorporated into an updated 4.1Moz Afema Mineral Resource Estimate due later this month, which will underpin completion of a Pre-Feasibility Study in the second quarter of 2026. While Niamienlessa SW will not be included in the imminent resource update, Turaco is continuing an aggressive multi-rig exploration program across prospects such as Adiopan, Baffia, Katoka and Woulo Woulo South, positioning the company for near-term resource growth and potential uplift in project scale and value.
The most recent analyst rating on (AU:TCG) stock is a Buy with a A$2.19 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 Ltd is an Australian-listed gold exploration and development company focused on the Afema Gold Project in south-east Côte d’Ivoire. The company is building a multi-deposit gold camp anchored by the 4.1-million-ounce Afema Mineral Resource, with multiple prospects along the Afema Shear and the Niamienlessa-Affienou Trend that are being drilled to expand resources and support future project studies.
Average Trading Volume: 2,183,595
Technical Sentiment Signal: Buy
Current Market Cap: A$758M
For a thorough assessment of TCG stock, go to TipRanks’ Stock Analysis page.