Turaco Gold Uncovers New High-Grade Zones at Afema, Boosting Resource Outlook
Turaco Gold’s latest drilling results at the Afema Project reveal promising high-grade gold mineralisation at the Adiopan prospect and resource extensions at Asupiri and Anuiri, signaling potential growth beyond the current 3.55Moz resource estimate.
- High-grade gold intercepts at Adiopan prospect
- Resource extensions confirmed at Asupiri West and Anuiri deposits
- New mineralised zones identified along Afema Shear
- Afema Project Mineral Resource Estimate stands at 3.55Moz gold
- Turaco holds over A$80 million cash with four rigs operating double shifts
Emerging High-Grade Discoveries at Adiopan
Turaco Gold Limited has reported encouraging extensional drilling results at its flagship Afema Project in Côte d’Ivoire, with the Adiopan prospect emerging as a significant new zone of shallow, high-grade gold mineralisation. Recent diamond drilling beneath historical shallow holes returned multiple intercepts such as 25 metres at 2.66 grams per tonne (g/t) gold from 96 metres and 21 metres at 3.24 g/t from 125 metres, underscoring the prospect’s potential to add meaningful ounces to the project’s resource base.
Resource Growth at Asupiri and Anuiri
Alongside Adiopan, Turaco’s drilling at the Asupiri Deposit continues to confirm resource extensions, particularly on the western structure known as Asupiri West. Notable results include 22 metres at 1.91 g/t gold from 130 metres and 34 metres at 1.13 g/t from 174 metres, with the deposit remaining open at depth and along strike. Similarly, reconnaissance drilling at Anuiri has identified a new high-grade zone with an intercept of 3 metres at 16.32 g/t gold from just 3 metres depth, highlighting further exploration upside.
Expanding the Afema Mineral Resource Estimate
The Afema Project’s current JORC-compliant Mineral Resource Estimate (MRE) stands at 3.55 million ounces of gold across four deposits – Woulo Woulo, Jonction, Anuiri, and Asupiri. The recent drilling success at Adiopan, Begnopan, and Toilesso prospects, which are not yet included in the MRE, suggests the potential for significant resource growth. Turaco plans to update the resource estimate by the end of 2025, reflecting these new discoveries and extensions.
Robust Financial Position and Accelerated Drilling
Turaco is well-positioned financially with over A$80 million in cash, enabling an aggressive exploration program. The company currently operates four drill rigs on double shifts, accelerating the pace of resource definition and exploration drilling despite seasonal challenges. This intensive drilling campaign supports the advancement of the Afema Pre-Feasibility Study (PFS), which remains on track.
Strategic Outlook
Managing Director Justin Tremain emphasised the scale of untested gold-in-soil anomalies along the Afema Shear and the company’s commitment to unlocking further resource growth. With multiple high-grade intercepts and new zones emerging, Turaco is steadily building a compelling case for expanding its resource inventory and advancing the Afema Project towards development.
Bottom Line?
Turaco’s expanding high-grade discoveries at Afema set the stage for a potentially transformative resource update later this year.
Questions in the middle?
- How will the upcoming resource update incorporate the new Adiopan and Begnopan zones?
- What impact will the wet season have on drilling timelines and assay turnaround?
- How might these exploration results influence Turaco’s project development and financing plans?