Turaco Gold Unveils Promising Drilling Results at Afema Project

An announcement from Turaco Gold Ltd ( (AU:TCG) ) is now available.

Turaco Gold Limited announced promising results from its recent drilling activities along the Afema shear, particularly at the Toilesso and Toilesso West prospects, which are located near the Jonction Deposit. The drilling has confirmed additional high-grade gold shoots and potential for further resource growth, enhancing the company’s JORC Mineral Resource Estimate for the Afema Project to 3.55 million ounces. The recent geophysical survey has effectively delineated key structures, indicating several undrilled prospective areas, which could lead to further discoveries and bolster Turaco’s market position.

The most recent analyst rating on (AU:TCG) stock is a Buy with a A$0.70 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 operates in the mining industry, focusing on gold exploration and development. The company primarily engages in the exploration of gold deposits, with a significant focus on the Afema Project in southeast Cote d’Ivoire.

YTD Price Performance: 96.08%

Average Trading Volume: 1,628,233

Technical Sentiment Signal: Buy

Current Market Cap: A$452M

For a thorough assessment of TCG stock, go to TipRanks’ Stock Analysis page.