Turaco Gold ongoing drilling update at Woulo Woulo deposit

Turaco Gold Limited (ASX: $TCG) has announced new gold results from ongoing drilling at the Woulo Woulo deposit located within the granted mining permit of the Afema Gold Project in southeast Cote d'Ivoire. The company has three drilling rigs operating, with two diamond (DD) and one reverse circulation (RC) rig. A total of 50 holes for ~ 7,000 metres have now been completed at Woulo Woulo with results from the initial 6 holes announced 20 May 2024. Results reported here are from a further 11 RC/DD holes. Five of these holes were drilled along the main trend at Woulo Woulo as part of the resource delineation program. The other 6 holes were exploration holes testing adjacent geochemical anomalies adjacent to the main Woulo Woulo strike.

Managing Director's commentary on Woulo Woulo drilling results

Woulo Woulo drilling, testing for depth extensions in the top 200 metres, continues to return very broad intersections, typically over 40-60 metres in true width, in the northern ~1 ~ kilometre strike of the deposit. Continuity of grade, across strike and along strike, is excellent. The southern strike of the 3 kilometre long deposit is yet to see any drilling beneath ~ 120 metres however shallow drilling shows potential for additional high gram metre zones at depth. Turaco remains on track to announce a maiden JORC resource in the September quarter for the Afema Project.

Summary of Woulo Woulo drilling update

The ongoing drilling at Woulo Woulo deposit by Turaco Gold Limited has revealed broad gold mineralisation and exceptional metallurgical characteristics. The results from the latest drilling demonstrate very broad width and scale of mineralisation at Woulo Woulo, particularly in the northern ~1km strike of the deposit. The continuity of grade along strike and down hole is excellent, with potential for additional high gram metre zones at depth. Turaco Gold remains focused on delineating a maiden JORC mineral resource estimate at Woulo Woulo and is on track to announce this in the September quarter for the Afema Project.