Turaco Gold’s Afema Drilling Bolsters Resources at Anuiri and Jonction

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

Turaco Gold has reported final assay results from resource and metallurgical drilling at the Anuiri and Jonction deposits within its Afema Gold Project, confirming strong gold intercepts and improving confidence in the existing mineral resource models. The infill and extension drilling, aimed at upgrading Inferred resources to at least Indicated status and testing down-dip extensions at Anuiri, is expected to deliver modest mineral resource growth that will feed into an updated mineral resource estimate for incorporation into the ongoing Afema pre-feasibility study. With mineralisation at both deposits starting from surface and remaining open in all directions, and additional drilling in progress at exploration targets such as Adiopan, Baffia, Kotoka and along the Niamienlessa-Affienou trend outside the current 4.1Moz resource base, the results underscore Turaco’s potential to expand its resource inventory and strengthen the project’s long-term development profile.

The most recent analyst rating on (AU:TCG) stock is a Hold with a A$0.85 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 an ASX-listed gold exploration and development company focused on the Afema Gold Project in south-east Côte d’Ivoire. The company is advancing a 4.1-million-ounce JORC 2012 mineral resource across multiple deposits, including Woulo Woulo, Jonction, Anuiri, Asupiri, Begnopan and Toilesso, with a pre-feasibility study underway to progress the project toward potential development.

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Technical Sentiment Signal: Buy

Current Market Cap: A$863.3M

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