Turaco Gold Ltd ( (AU:TCG) ) has provided an update.
Turaco Gold Ltd has announced significant results from its drilling activities at the Asupiri deposit, which is part of the Afema Project in Cote d’Ivoire. The recent drilling has confirmed the continuity of gold mineralization and is expected to substantially increase the current mineral resource estimate of 2.52 million ounces. The Asupiri deposit, located near the Anuiri deposit, has shown promising results with mineralization open in all directions, indicating potential for further resource growth. The company plans to incorporate these findings into a maiden mineral resource estimate for Asupiri, with an update expected in the June 2025 quarter, potentially impacting its market positioning and stakeholder interests.
More about Turaco Gold Ltd
Turaco Gold Limited is a company operating in the gold mining industry, with a focus on resource definition and expansion within its Afema Project in southeast Cote d’Ivoire. The company is actively involved in drilling and exploration activities to enhance its mineral resource estimates, particularly in the Asupiri, Anuiri, Woulo Woulo, and Jonction deposits.
YTD Price Performance: 28.99%
Average Trading Volume: 1,500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €170.8M
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