AUS
NZ
UK
CA
USA
IND
_06_19_2026_12_34_15_139937.jpg)
Turaco Gold (ASX:TCG) has announced its first JORC-compliant mineral resource estimate (MRE) for the Afema Project in Côte d'Ivoire, West Africa. The maiden resource is an impressive 2.5 million ounces (Moz) of gold, marking a significant milestone for the company's exploration efforts in this highly prospective region.
Interim Resource with Room for Growth
The current estimate is described as "interim," with ongoing drilling expected to expand the resource further. Notably, 60% of the resource falls within the 'Indicated' category, which suggests a higher degree of confidence in the resource's economic viability. The mineralisation remains open in all directions, indicating potential for future growth as the exploration continues.
The MRE includes the Woulo Woulo, Jonction, and Anuiri deposits. These deposits are situated within the granted mining permit area of the 1,267km² Afema Project. However, the current estimate does not account for other mineralisation associated with shear zones, which are anticipated to be the focus of future drilling campaigns.
Ongoing Exploration and Drilling Activities
Drilling at the Afema Project is far from over. Turaco Gold has scheduled further exploration to target new mineralisation around mid-September. This upcoming phase of drilling will focus on areas outside the initial MRE, particularly the additional shear zones identified within the project area.
The company has also confirmed that drilling continues at Woulo Woulo, which has already been included in the maiden JORC estimate, and Jonction, where further drilling is expected to commence shortly. These efforts aim to refine and potentially expand the resource base, enhancing the overall value of the project.
Advancements in Metallurgical Testing
Turaco Gold has reported promising results from metallurgical testing conducted on ore samples from the Jonction deposit. These tests are crucial in determining the optimal processing methods and potential recovery rates for the gold. Encouraged by the success at Jonction, the company is now advancing metallurgical testing on ore from the Anuiri deposit.
This progression in metallurgical work underscores Turaco Gold's commitment to de-risking the project and moving it closer to production. The positive outcomes of these tests could have significant implications for the economic feasibility of the Afema Project.
Strategic Acquisition and Future Plans
Turaco Gold's acquisition of the Afema Project, completed just five months ago, has already yielded substantial results. The company's strategic decision to acquire the project was likely influenced by favorable exchange rates, with Managing Director Justin Tremain noting that the expenditure and acquisition costs are expected to be less than US$7 per ounce of gold once production commences.
Tremain also highlighted the potential for further discoveries within the recently granted exploration permits. The upcoming drilling will target new discoveries within a 10-kilometer radius of the existing Woulo Woulo, Jonction, and Anuiri deposits, further enhancing the project's resource base.
Bottomline
Turaco Gold's maiden JORC resource at the Afema Project marks a significant achievement in the company's exploration journey. With ongoing drilling, promising metallurgical results, and strategic plans for further exploration, the Afema Project is poised for continued growth. As Turaco Gold moves forward with its exploration and development activities, the potential for expanding this already substantial resource remains high.
**Call to Action:** Stay updated on Turaco Gold's progress and explore investment opportunities by following the latest developments in the ASX-listed mining sector. Don't miss out on the potential growth of this exciting project.
