Construction drives Tietto to end of year gold pour
There is a sense of anticipation building on the ground in West Africa for Tietto Minerals with the operation’s first 60 camp rooms now occupied as the company marches relentlessly towards the first gold pour by the end of the year.
Tietto Minerals says it remains on track and on schedule to achieve the watershed moment ticking off a number of significant construction landmarks at its fully funded 3.45-million-ounce Abujar gold project in Côte d’Ivoire, West Africa.
Alongside the arrival of the new occupants on site, the blockwork for the administration, clinic and training rooms have also now all been squared away.
Perth-based Tietto has chalked off several other significant milestones, including installing the first liners for its tailings storage facility and kicking off the assembly of its water dam wall. As an indication of the smooth sailing to date, the company says the development of its Abujar gold project remains lost-time-injury free.
According to Tietto, it shouldn’t be much more than a week before the sag mill lands on site that will help it process its Abujar gold, with the item now en route from Durban, South Africa.
Management has suggested Abujar has all of the components to stake a claim as one of West Africa’s next big gold projects and the ongoing developments at the venture could serve as a shot in the arm as the project moves closer to production.
Once up and running, the project could churn out around 260,000 ounces of gold in its first year and about 1.2 million ounces in its first six years of operation.
Tietto recently squared away an oversubscribed $85 million investment to help finance the project and claims the funds, along with about $30 million in cash reserves and a lending facility of up to US$140 million are all it needs to get Abujar up and running.
Unlike many of its competitors, the company has its own fleet of diamond drill rigs, which it has put to good use over the last year or so to meet the project’s exploratory objectives.
The latest run-through saw the company mop up a convoy of high-grade hits from infill drilling at is AG South deposit, part of the larger Abujar gold project, including a 1m section going 28.74 grams per tonne gold from 147 metres inside a wider 2m hit at 14.64 g/t gold from 146m.
Some of the other notable results include a 3m section grading 9.8 g/t gold from 170m with a 1m component at 17.52 g/t gold from 172m.
According to the Perth-based company, the work at the AG South is intended to elevate its indicated resources up the to the higher confidence measured category.
In what will also bode well for the project’s prospects, Tietto says recent metallurgical test work of lower‐grade ore from another deposit at Abujar has delivered excellent gold recoveries of up to 95 per cent.
The company believes the results validate heap leaching as an effective means of economically treating the material at its soon-to-be completed mill.
Tietto’s latest round of construction adds yet another feather in its cap in what appears to be a textbook, step-by-step guide on how to build a gold mine in Africa.
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