West African gold developer Tietto Minerals is ramping up construction work at its fully funded 3.45-million-ounce Abujar gold project in Côte d’Ivoire, commissioning a crushing circuit and building a crushed ore stockpile at the site. The company is eyeing a maiden gold pour later this year and is now looking to cut the ribbon on the rest of the operation’s processing equipment.
Tietto is moving at breakneck speed to get the project up and running after only beginning construction work at the site in January this year.
The commissioning follows its official launch of mining activities two weeks ago at a project it says could be one of the region’s next big gold plays.
The company believes Abujar could churn out 260,000 ounces in 2023 and 1.2 million in its first six years of operation.
Over the past month the company has wrapped up key sections of construction work to bring the project online including the mechanical completion of the project’s semi-autogenous SAG mill and lining the site’s tailings dam.
Tietto’s construction barrage is part of the developer’s “drill and build” strategy – a play that will see the Perth-based company shift about 120,000 metres of dirt this year ahead of a new year resource update.
Unlike its peers, who could readily burn through their cash reserves on drilling, Tietto lays claim to an arsenal of eight company-owned drilled rigs that allow it to complete low-cost drilling at a mere US$35 per metre.
The rigs also have the added bonus of being low profile allowing Tietto to easily mobilise them to new targets.
Abujar’s key resources are held within three areas: the AG deposit, SG deposit and APG deposit.
AG holds a 55.2 million tonne resource at 1.4 grams per tonne gold for 2.43 million ounces whilst the southern-lying APG deposit houses 41.9 million tonnes at 0.7 g/t for 960,000 million tonnes.
Further north at its SG deposit Tietto has its foot on 1.6 million tonnes of gold grading 1.2 g/t for 60,000 tonnes.
The company is also eyeing a host of satellite targets which are dotted across a 20km corridor from Abujar and recently commenced drill testing the prospects with the aim of bulking up its 3.45-million-ounce reserves.
Tietto has been hitting paydirt at Abujar for well over a year now and has notched up a raft of pulse-quickening drill hits in the process.
Banner results include 1m at 152.26 g/t gold from 37m within a 10m section grading 16.53 g/t gold, 10 metres going a cracking 51.75 g/t from 83m and 3m grading a bonanza 171g/t gold from the same depth.
The company’s continued success at Abujar puts it in a privileged position as it closes in on the completion of what could be one of the region’s biggest new gold mines and the market seems to concur.
Tietto’s stocks are currently trading at 80c after starting the year at 50c.
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