Turaco Gold (ASX:TCG) announces exceptional drilling results at Woulo Woulo deposit

Turaco Gold Limited (ASX:TCG) has announced exceptional drilling results from the Woulo Woulo deposit located within the Afema Project in southeast Cote d'Ivoire. The results include a further 21 drill holes for approximately 4,755m, which were not included in the recently announced maiden JORC Mineral Resource Estimate ('MRE'). The drilling has demonstrated substantial growth to the MRE and at a higher gold grade, with eight holes drilled for extensions to the MRE returning exceptional results with significantly higher grades and excellent continuity.

Executive Commentary on Woulo Woulo Drilling Results

The Managing Director, Justin Tremain, commented, 'The results from these deeper holes at Woulo Woulo are outstanding. The holes have added significant vertical extent to the wide zone of mineralisation and returned grades not previously seen at Woulo Woulo. Just one week after announcing a maiden 2.5Moz JORC resource for the Afema Project, including 1.25Moz at Woulo Woulo, we have immediately demonstrated Woulo Woulo is growing significantly, and at higher grade.'

Summary of Turaco Gold's Announcement

Turaco Gold Limited (ASX:TCG) has announced exceptional drilling results from the Woulo Woulo deposit, indicating substantial growth to the mineral resource estimate and higher gold grade. The results from the further 21 drill holes have demonstrated exceptional continuity of the broad width of gold mineralisation at Woulo Woulo, confirming it to be a very large gold mineralised system. The company's maiden JORC Mineral Resource Estimate for the Afema Project of 2.52Moz gold, including 1.25Moz at Woulo Woulo, is expected to grow substantially at higher grade at depth. The metallurgical characteristics of Woulo Woulo are excellent, with 90-94% gold extraction from conventional cyanide leaching. The company has also commenced drilling on recently granted exploration permits, with an additional RC rig expected to mobilise to the site towards the end of September.