Turaco Gold Ltd (AU:TCG) has released an update.
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Turaco Gold Limited significantly advanced its Afema Gold Project in Cote d’Ivoire, completing over 14,000 meters of drilling and receiving three new exploration permits. The drilling results have shown promising gold mineralization, with high-grade intersections supporting the upcoming maiden JORC resource estimate scheduled for the September Quarter. The company also reported a strong financial position with A$18.2 million in cash after a successful equity placement and the strategic sale of two projects to Many Peaks Minerals Ltd.
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