Turaco Gold Limited has announced promising new drilling results from its 80% owned Afema Project in southeast Côte d’Ivoire, highlighting significant high-grade gold intercepts and extended mineralisation outside the established 1.6Moz Woulo Woulo deposit. Recent 'scout' diamond drilling at the Woulo Woulo area recorded an impressive high-grade result of 4 meters at 82.01 grams per tonne gold – including a standout 1 meter at 324.58 g/t – which is the second highest grade ever recorded on the Afema Project. Additional drill holes along an eastern structure returned encouraging intercepts of 23 meters at 0.63 g/t and 32 meters at 0.72 g/t gold, while auger drilling at the adjacent Herman Trend extended the known mineralised strike to 1.2 kilometers. The exploration at the Baffia prospect also delivered noteworthy results. Early diamond drilling in the area produced a 14-meter intercept at 1.19 g/t gold within a broad halo of alteration, and a concurrent auger drilling program outlined additional gold trends with in-situ values reaching up to 1,351 parts per billion over more than 1 kilometer. With a focused program of both diamond and reverse circulation drilling underway, Turaco Gold Limited is actively testing and expanding its discovery potential across the project area. Accelerated drilling activity continues with four rigs currently operating on a double shift schedule, including an additional multi-purpose rig recently mobilised to the site. This intensive drilling effort is aimed not only at testing new and extended targets along the Afema shear but is also part of preparatory work for an upcoming pre-feasibility study. The company’s current cash position exceeds A$85 million following a strongly oversubscribed equity placement and other strategic transactions, placing it in a robust financial position to support its exploration and resource expansion efforts. The Afema Project already hosts a JORC Mineral Resource Estimate of 3.55Moz gold across four major deposits, and these latest exploration results suggest a potential for significant resource growth as additional mineralised structures are further delineated among the complex geological trends in the region. Market sentiment appears bullish based on the high-grade intercepts and the extension of known mineralisation, along with robust drilling activity and a strong cash reserve. These developments could drive positive investor sentiment as the project’s resource potential expands. However, some caution remains given the early-stage nature of these exploration activities, the challenges of drilling under the current wet season conditions in Côte d’Ivoire, and the inherent exploration risks that require further drilling to fully establish resource confidence. Overall, the news advances Turaco Gold Limited’s objective of growing the Afema Project resource base and expediting development, suggesting attractive potential for future value creation within the gold exploration sector.