Turaco Gold Limited (ASX: $TCG) announces further impressive drill results at Afema Gold Project

Turaco Gold Limited (ASX: $TCG) has announced further impressive drill results from drilling at the Afema Gold Project in south-eastern Cote d'Ivoire. The company has embarked on an aggressive drilling program to expedite the delineation of a maiden JORC mineral resource estimate within the granted mining permit, with two rigs operating on site and a third to join shortly. The drilling has been focused on diamond drilling at several of the previously drilled deposits along the prolifically mineralised 'Afema Shear' to provide samples for metallurgical test work, and resource definition drilling at the recently discovered Woulo Woulo deposit with a combination of reverse circulation and diamond drilling.

Managing Director, Justin Tremain, on the latest drilling results

Drilling results at Afema continue to exceed expectations. These latest results are from holes drilled as part of the metallurgical drilling program along the Afema Shear. These results, and results recently released from drilling the Jonction and Anuiri deposit which included 67m @ 8.43g/t from 94m, demonstrate how widespread the mineralisation is along the Afema Shear. With recent results at the Woulo Woulo discovery including 105m @ 1.61g/t from 131m, Turaco is accelerating drilling with a third rig to shortly join the current two rigs turning at Woulo Woulo. This work is designed to expedite a maiden JORC resource estimate for the Afema Project.

Summary of Turaco Gold's drilling program and future plans

Turaco Gold Limited (ASX: $TCG) has completed the metallurgical drilling program along the Afema Shear with 22 diamond holes for approximately 3,600m completed to provide representative fresh mineralised samples for metallurgical test work in Perth, Western Australia. Results from the initial eight diamond holes drilled at Jonction and Anuiri were announced on 17 April 2024. The company has also secured a third rig which is being mobilised to site within the next week to accelerate the Woulo Woulo program. This program is planned to produce the maiden JORC resource for Woulo Woulo to be incorporated into the maiden JORC resource for the wider Afema Project. Approximately 35 holes (4,500m) have been completed at Woulo Woulo with just the initial 6 holes reported. Further results from Woulo Woulo are imminent.