Turaco Gold Limited Unveils High-Grade Gold Shoots, Boosting Afema Project’s 3.55Moz Resource in Côte d'Ivoire
Tuesday, June 3, 2025
at
8:48 am
Turaco Gold Limited's latest drilling at its Afema Project in Côte d'Ivoire reveals new high-grade gold zones at the Toilesso prospect. These encouraging results, supported by advanced geophysical surveys and scout drilling, underscore strong near-term resource growth potential for the company.
Turaco Gold Limited has released new drilling results from its 80% owned Afema Project in southeast Côte d’Ivoire, highlighting promising high‐grade gold discoveries along the Afema shear. The latest drilling at the Toilesso and Toilesso West prospects, located 2 kilometres north of the Jonction Deposit, has reinforced the potential for further short-term expansion of the overall resource. Notably, the Jonction Deposit recently measured at 610,000 ounces at 2.1 g/t gold is part of an updated mineral resource estimate totaling 3.55 million ounces across four deposits, and these new results underpin the company’s expectations for significant resource growth.
The firm’s recent diamond drilling has delivered encouraging assay intervals, including one hole that returned 25 meters at 1.75 g/t gold and several other high-grade intervals such as 5 meters at 3.66 g/t gold and 3 meters at 6.67 g/t gold. Initial ‘scout’ drilling along the Afema shear has also identified a new mineralised shoot approximately 400 metres south of the Jonction Deposit, with an intercept of 7 meters at 1.56 g/t gold. Complementing these drilling results, a Gradient Array Induced Polarisation (GAIP) survey covering around 8 kilometres of the shear has effectively delineated the controlling structures, prompting an expansion of the survey to a further 12 kilometres and highlighting additional prospective targets that have yet to receive any drilling.
The operational focus remains robust, with three diamond drill rigs running double shifts at Afema and the mobilisation of a third rig to support a geotechnical drilling program. These efforts, along with complementary reverse circulation drilling targeting depth and strike extensions at other deposits, are designed to sharpen the picture of the resource potential while preparing for the pre-feasibility study. Early soil sampling results and extended geophysical data are also expected to generate further exploration targets in the coming weeks.
Market sentiment from these developments appears mixed. On the bullish side, the drilling results and the effective use of modern geophysical surveys offer fresh optimism for significant resource growth and further high-grade gold discoveries. The strong assay values, confirmed multiple high-grade zones, and secured operating permits in a well-regulated jurisdiction suggest considerable upside for investors. On the bearish side, investors should note that many of the new targets remain at an early stage of exploration, and true widths and mineralisation continuity have yet to be fully defined, meaning that there is still risk until further drilling confirms these promising indicators.