Price Target Changed • Jun 26
Price target decreased by 12% to AU$1.35 Down from AU$1.54, the current price target is an average from 5 analysts. New target price is 180% above last closing price of AU$0.48. Stock is up 5.5% over the past year. The company is forecast to post a net loss per share of AU$0.022 next year compared to a net loss per share of AU$0.024 last year. New Risk • Jun 26
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$23m Forecast net loss in 3 years: AU$22m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$22m net loss in 3 years). Price Target Changed • Jun 16
Price target decreased by 7.3% to AU$1.54 Down from AU$1.66, the current price target is an average from 5 analysts. New target price is 214% above last closing price of AU$0.49. Stock is up 1.0% over the past year. The company is forecast to post a net loss per share of AU$0.021 next year compared to a net loss per share of AU$0.024 last year. Aankondiging • Mar 31
Turaco Gold Limited, Annual General Meeting, May 11, 2026 Turaco Gold Limited, Annual General Meeting, May 11, 2026. Location: at ground floor, 1309 hay street, west perth wa 6005 Australia Price Target Changed • Mar 17
Price target increased by 15% to AU$1.59 Up from AU$1.38, the current price target is an average from 4 analysts. New target price is 146% above last closing price of AU$0.65. Stock is up 90% over the past year. The company is forecast to post a net loss per share of AU$0.016 next year compared to a net loss per share of AU$0.018 last year. Price Target Changed • Jan 17
Price target increased by 9.5% to AU$1.44 Up from AU$1.32, the current price target is an average from 4 analysts. New target price is 79% above last closing price of AU$0.81. Stock is up 173% over the past year. The company is forecast to post a net loss per share of AU$0.016 next year compared to a net loss per share of AU$0.018 last year. New Risk • Nov 07
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$16m Forecast net loss in 2 years: AU$12m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$12m net loss in 2 years). Shareholders have been diluted in the past year (28% increase in shares outstanding). Significant insider selling over the past 3 months (AU$1.1m sold). Price Target Changed • Oct 10
Price target increased by 8.9% to AU$1.20 Up from AU$1.10, the current price target is an average from 4 analysts. New target price is 137% above last closing price of AU$0.51. Stock is up 49% over the past year. The company is forecast to post a net loss per share of AU$0.017 next year compared to a net loss per share of AU$0.018 last year. Recent Insider Transactions • Sep 21
MD, CEO & Director recently sold AU$1.1m worth of stock On the 19th of September, Justin Tremain sold around 2m shares on-market at roughly AU$0.45 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Justin's only on-market trade for the last 12 months. New Risk • Jul 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$8.1m net loss in 3 years). Aankondiging • Jun 20
Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 59.662776 million. Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 59.662776 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 135,597,219
Price\Range: AUD 0.44
Discount Per Security: AUD 0.022 Price Target Changed • May 06
Price target increased by 13% to AU$1.05 Up from AU$0.93, the current price target is an average from 2 analysts. New target price is 133% above last closing price of AU$0.45. Stock is up 143% over the past year. The company is forecast to post a net loss per share of AU$0.02 next year compared to a net loss per share of AU$0.018 last year. Aankondiging • Apr 08
Aurum Resources Limited (ASX:AUE) acquired Boundiali South exploration tenement (PR-414) from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) Aurum Resources Limited (ASX:AUE) entered into binding term sheet to acquire Boundiali South exploration tenement (PR-414) from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) for AUD 1.64 million on March 19, 2024. Within 15 business days of the satisfaction (or waiver) of the conditions precedent above, the Seller will, by written notice to the Purchaser, elect to receive one of the following forms of consideration (Election). (i) AUD 0.8 million in cash (Cash Consideration) or (ii) If the 20-day volume weighted average trading price of Shares (VWAP) is Less than or equal to AUD 0.20 at the time of the Election, 5 million fully paid ordinary shares in the Purchaser (Shares) (Consideration Shares 1) or Greater than AUD 0.20 at the time of the Election, Shares to a value of AUD1.2 million, as determined by dividing AUD1.2 million by the 20-day VWAP for the Shares (Consideration Shares 2). Purchase of the tenement is subject to Aurum obtaining a renewal of the BST tenement (or the granOng of a replacement) and being satisfied that the terms of the renewal (or replacement permit) do not restrict exploration or potential future mining rights, along with required Government approvals.
Aurum Resources Limited (ASX:AUE) completed acquisition of Boundiali South exploration tenement (PR-414) from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) on April 8, 2025. Aankondiging • Apr 03
Turaco Gold Limited, Annual General Meeting, May 30, 2025 Turaco Gold Limited, Annual General Meeting, May 30, 2025. New Risk • Mar 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 24% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 24% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$14m net loss in 2 years). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$6.9m net loss in 2 years). Recent Insider Transactions • Jan 07
Independent Non-Executive Director recently bought AU$72k worth of stock On the 2nd of January, Alan Campbell bought around 278k shares on-market at roughly AU$0.26 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Dec 17
Turaco Gold Limited (ASX:TCG) completed the acquisition of an additional 10% stake in Afema Project in southeast Cote d’Ivoire from Sodim Ltd. Turaco Gold Limited (ASX:TCG) agreed to acquire an additional 10% stake in Afema Project in southeast Cote d’Ivoire from Sodim Ltd for $14.2 million on November 27, 2024. Upon completion, Turaco Gold Limited will own 80% stake in Afema Project in southeast Cote d’Ivoire. The consideration of $14.2 million with 50% satisfied by a cash payment and 50% by the issue of fully paid ordinary Turaco shares. This amount effectively represents as Acceleration of the currently agreed outstanding milestone payments above of $5.805 million; and $8.395 million payment for an additional 10% interest for a total Turaco interest of 80%. The issue of the Consideration Shares is subject to Turaco receiving any requisite shareholder approvals prior to 14 January 2025. Should Turaco be able to satisfy this condition and issue the Consideration Shares, then the equivalent consideration shall be paid in cash.
Turaco Gold Limited (ASX:TCG) completed the acquisition of an additional 10% stake in Afema Project in southeast Cote d’Ivoire from Sodim Ltd on December 16, 2024. Turaco now holds an 80% interest in the Afema Project following completion of the agreement. Aankondiging • Dec 11
Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 35 million. Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 72,361,910
Price\Range: AUD 0.31
Discount Per Security: AUD 0.0155
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,541,316
Price\Range: AUD 0.31
Discount Per Security: AUD 0.0155
Transaction Features: Subsequent Direct Listing New Risk • Nov 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 64% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$7.3m net loss in 2 years). Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Bruce Mowat was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 09
Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 18 million. Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 18 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 112,500,000
Price\Range: AUD 0.16
Discount Per Security: AUD 0.008
Transaction Features: Subsequent Direct Listing Aankondiging • May 08
Many Peaks Minerals Limited (ASX:MPK) completed the acquisition of CDI Holdings (Guernsey) Limited from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI). Many Peaks Minerals Limited (ASX:MPK) entered into binding Share Sale Agreement to acquire CDI Holdings (Guernsey) Limited from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) for £0.21 million on March 26, 2024. CDI Holdings is an 89% of Turaco, held with Predictive Discovery Limited (Predictive), holding an 11% free carry ownership in a joint venture with Turaco. The will trigger Turaco’s drag-along right in its joint venture with Predictive, whereby Many Peaks will also acquire Predictive’s remaining 11% interest and consolidate ownership of the joint venture entity CDI Holdings. The Company will issue a total of 5,617,978 fully paid ordinary shares in Many Peaks under the Company’s capacity under ASX listing rule 7.1 to Turaco and Predictive Discovery Limited (ASX:PDI) a interest in CDI Holdings (Guernsey) Ltd with; 5,000,000 shares to be issued to Turaco subject to a 12-month escrow an 89% interest in CDI Holdings and 617,978 shares to be issued to Predictive subject to a 12-month escrow an 11% interest in CDI Holdings. Assignment of a Royalty Deed from Turaco to Many Peaks a net smelter royalty payable to Resolute (Treasury) Pty Ltd. The Royalty Deed grants Resolute a 1% NSR on Many Peaks’ share of future production from permits held in the GIV Joint Venture. The Company will also pay to the Vendor all future proceeds and received the of the Boundiali South Permit pursuant to a binding term sheet between Aurum Resources Limited (ASX:AUE), Turaco, CDI Holdings and Predictive Discovery Cote d’Ivoire SARL. Completion of the Agreement is conditional upon: Turaco providing a drag-along notice to Predictive for the remaining 11% interest in CDI held by Predictive - COMPLETED; Predictive acknowledging the expiry and/or cancellation of the 10,000,000 performance shares held in Turaco; no event, occurrence or matter having a material adverse effect on CDI or the permits held by it; none of Turaco's warranties given under the Agreement becoming untrue, incorrect or misleading; Many Peaks and Turaco obtaining all necessary regulatory approvals or waivers pursuant to the ASX Listing Rules, Corporations Act or any other law to allow the parties to lawfully complete the matters set out in the Agreement; and Many Peaks and Turaco obtaining all third-party approvals and consents necessary to lawfully complete the matters set out in the Agreement.Many Peaks Minerals Limited (ASX:MPK) completed the acquisition of CDI Holdings (Guernsey) Limited from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) on May 8, 2024. This announcement has been approved by the board. Aankondiging • Apr 21
Turaco Gold Limited, Annual General Meeting, May 27, 2024 Turaco Gold Limited, Annual General Meeting, May 27, 2024, at 10:00 W. Australia Standard Time. Aankondiging • Mar 26
Many Peaks Minerals Limited (ASX:MPK) entered into binding Share Sale Agreement to acquire CDI Holdings (Guernsey) Limited from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) for £0.21 million. Many Peaks Minerals Limited (ASX:MPK) entered into binding Share Sale Agreement to acquire CDI Holdings (Guernsey) Limited from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) for £0.21 million on March 26, 2024. CDI Holdings is an 89% of Turaco, held with Predictive Discovery Limited (Predictive), holding an 11% free carry ownership in a joint venture with Turaco. The will trigger Turaco’s drag-along right in its joint venture with Predictive, whereby Many Peaks will also acquire Predictive’s remaining 11% interest and consolidate ownership of the joint venture entity CDI Holdings. The Company will issue a total of 5,617,978 fully paid ordinary shares in Many Peaks under the Company’s capacity under ASX listing rule 7.1 to Turaco and Predictive Discovery Limited (ASX:PDI) a interest in CDI Holdings (Guernsey) Ltd with; 5,000,000 shares to be issued to Turaco subject to a 12-month escrow an 89% interest in CDI Holdings and 617,978 shares to be issued to Predictive subject to a 12-month escrow an 11% interest in CDI Holdings. Assignment of a Royalty Deed from Turaco to Many Peaks a net smelter royalty payable to Resolute (Treasury) Pty Ltd. The Royalty Deed grants Resolute a 1% NSR on Many Peaks’ share of future production from permits held in the GIV Joint Venture. The Company will also pay to the Vendor all future proceeds and received the of the Boundiali South Permit pursuant to a binding term sheet between Aurum Resources Limited (ASX:AUE), Turaco, CDI Holdings and Predictive Discovery Cote d’Ivoire SARL. Completion of the Agreement is conditional upon: Turaco providing a drag-along notice to Predictive for the remaining 11% interest in CDI held by Predictive - COMPLETED; Predictive acknowledging the expiry and/or cancellation of the 10,000,000 performance shares held in Turaco; no event, occurrence or matter having a material adverse effect on CDI or the permits held by it; none of Turaco's warranties given under the Agreement becoming untrue, incorrect or misleading; Many Peaks and Turaco obtaining all necessary regulatory approvals or waivers pursuant to the ASX Listing Rules, Corporations Act or any other law to allow the parties to lawfully complete the matters set out in the Agreement; and Many Peaks and Turaco obtaining all third-party approvals and consents necessary to lawfully complete the matters set out in the Agreement. Aankondiging • Dec 18
Turaco Gold Limited, Annual General Meeting, Jan 22, 2024 Turaco Gold Limited, Annual General Meeting, Jan 22, 2024, at 10:00 W. Australia Standard Time. Location: at Level 1, 50 Ord Street West Perth Western Australia Australia Agenda: To consider and approval to ratify the issues of consideration shares for the afema gold project; to consider and ratification od prior issues of shares; and to consider other matter also. New Risk • Dec 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$61.7m market cap, or US$41.1m). Recent Insider Transactions Derivative • Dec 02
MD, CEO & Director exercised options and sold AU$134k worth of stock On the 30th of November, Justin Tremain exercised 7.50m options at around AU$0.001, then sold 2m of the shares acquired at an average of AU$0.09 per share and kept the remainder. For the year to December 2020, Justin's total compensation was 83% salary and 17% non-salary. Since December 2022, Justin's direct individual holding has increased from 5.81m shares to 6.21m. Company insiders have collectively sold AU$85k more than they bought, via options and on-market transactions in the last 12 months. Aankondiging • Nov 29
Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 6.6 million. Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 6.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 73,333,333
Price\Range: AUD 0.09
Transaction Features: Subsequent Direct Listing Aankondiging • Nov 09
Plusor Global Pty Ltd entered into an agreement to acquire 35% stake in Boundiali North Permit from Turaco Gold Limited (ASX:TCG). Plusor Global Pty Ltd entered into an agreement to acquire 35% stake in Boundiali North Permit from Turaco Gold Limited (ASX:TCG) on November 7, 2023. Consideration payable to Turaco by Plusor will be the completion of 3,500 metres of diamond core drilling at no cost (including consumables) to Turaco within a project nominated by Turaco in Cote d’Ivoire within 12 months (unless extended by Turaco). Based on Turaco’s most recent diamond core drilling program, the value of this drilling to Turaco is estimated to be A$700,000 to A$800,000. Aankondiging • Jan 23
Turaco Gold Limited Announces 13Gt Gold in Satama Auger Confirms 3Km Additional 3Km Strike Turaco Gold Limited announced results from auger drilling at the Satama gold discovery within the eastern permit of the Eburnea Gold Project in central Côte d'Ivoire. Results confirm a 3km gold in saprolite trend subparallel to the main trend where gold mineralisation has been defined over 2km to 150m depth. These auger results demonstrate substantial scale and confirm Satama as being a very large gold system. The auger program has successfully delineated a second mineralised bedrock structure with 3 kms of strike and bottom of hole results of up to 13.59g/t gold in saprolite. The results will be followed up with targeted AC drilling to confirm width, tenor and continuity of gold mineralisation. Confirmation of the second mineralised structure at Satama follows recent results from further RC drilling on the western structure which included 26m @ 4.82g/t gold from 35m, the highest gram metre intersection to date, confirming higher grade plunging shoots exist at Satama. The Eburnea Project covers two granted permits covering 690km2 in central Côte d'Ivoire. The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Fetekro gold project approximately 35km to the north and the 2.5Moz Bonikro and 1.0Moz Agbaou gold mines 200km to the south. The Satama permit covers a significant north-east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin. The focus of drilling to date at Satama has been on the `eastern structure' where Turaco has successfully drilled 2kms of mineralised strike from surface to approximately 150 metres depth. Subsequent to the discovery of the mineralised `eastern structure', Turaco undertook a gradient array and dipole-dipole IP survey in the second half of 2022 over an area of approximately 4.5kms by 2.5kms. The IP survey indicated the presence of significant shear structures with coincident resistive and chargeable anomalies extending for over 4kms of strike to the west of the area drilling at Satama. These shear structures had not been tested by any previous exploration drilling and much of it only sampled with wide spaced soil geochemistry. Aankondiging • Jan 11
Turaco Gold Limited Announces Assay Results from Recently Completed RC Drilling At the Satama Gold Discovery Within the Eastern Permit of the Eburnea Gold Project in Central Côte d'Ivoire Turaco Gold Limited announced assay results from recently completed RC drilling at the Satama gold discovery within the eastern permit of the Eburnea Gold Project in central Côte d'Ivoire. The latest results continue to confirm Satama as being a significant, multi-kilometre strike length greenfield gold discovery which is expected to continue to grow. This latest drill program of twelve RC holes undertaken to identify higher grade plunging shoots and down dip extensions to previous drilling. The program has successfully achieved both, with a high- grade plunging shoot defined at the northern area of the drill grid with hole STRC0095 returning 26m @ 4.82g/t gold from 35m, the highest gram metre intersection to date. This zone of high-grade mineralisation remains open in all directions. A 2,050m auger program has also recently been completed testing parallel structures to the west of the existing drill grid where an IP survey highlighted high chargeability and resistive anomalies extending for over 4kms in strike . Results from this program are pending. The Eburnea Project covers two granted permits covering 690km2 in central Côte d'Ivoire. The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Fetekro gold project approximately 35km to the north and the 2.5Moz Bonikro and 1.0Moz Agbaou gold mines 200km to the south. The Satama permit covers a significant north-east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin. Aankondiging • Jan 06
Turaco Gold Limited Announces Resignation of Susmit Shah as Joint Company Secretary Turaco Gold Limited announced that Mr. Susmit Shah has stepped down as Joint Company Secretary with effect from 31 December 2022, leaving Mr. Lionel Liew as sole Company Secretary. Aankondiging • Dec 02
Turaco Gold Limited Announces Geophysics Highlight Compelling Gold Targets At Odienne Turaco Gold Limited announced that recently acquired high resolution magnetics over the Odienne South permit in north-west Cote d'Ivoire has placed recent high tenor soil geochemistry into geological context. The Odienne South permit is emerging as a very new target area for Turaco with a ~10km of high tenor +80 ppb gold anomaly within a +30km anomalous trend, along with an interpreted intrusion with coincident with anomalous soils.The Odienne South permit is located in a region of Cote d'Ivoire that is largely unexplored but is emerging as a new exploration province within the country where the prolific gold bearing Siguiri belt of Guinea extends into Cote d'Ivoire. The Odienne Project, comprises two granted exploration permits covering a combined area of 1,085km2 in the north-western region of Cote d'Ivoire. The permits are under a joint venture between the Turaco-Predictive JV (Turaco 89%) and a local entity, the Turaco-Predictive JV has the right to earn an 85% interest. Geologically, the Odienne Project area lies on the regional scale Sassandra fault which forms the partition between the Archean Kenema Man domain and the Proterozoic Baoule-Mossi Domain. Despite hosting comparable stratigraphy to Guinea's Siguiri basin, the Odienne region remains largely unexplored, though recent exploration success includes Centamin Mining's 1.2Moz Kona gold discovery which is located along strike to the south. Permit wide regional soil sampling on a staggered 500m x 500m grid was undertaken and defined an extensive anomalous corridor (20-40ppb Au) trending west-northwest. Within this corridor several zones of higher tenor anomalism were partially infilled on a 300m x 200m grid as part of an orientation survey of +400 samples. This sampling confirmed anomalism and defined at least one higher tenor anomaly (>80ppb) extending for approximately 10km. Soil sampling has been integrated with recently acquired high-resolution aeromagnetics and radiometrics. The combined data indicates that the main 30km anomaly sits on the margin of the reworked Archean margin and extension of the Siguiri basin into Cote d'Ivoire. This margin is considered a highly significant tectonic domain and host to Predictive Discovery Ltd.'s recent 4.2Moz Bankan discovery along with several other gold occurrences in Guinea. A growing body of scientific reports suggest that the geochronology and igneous geochemistry of the Siguiri basin and its adjacent volcanic belts (including its extension into the Odienne region of Cote d'Ivoire) correspond to the same late Eburnean mineralising event associated with world class deposits seen in the prolific Kedougou-Kenieba inlier of Mali-Senegal. Aankondiging • Nov 28
Turaco Gold Limited Recommences Drilling at its 100% Owned Satama Gold Discovery Within its Eburnea Gold Project in Central Cote d'Ivoire Turaco Gold Limited announced that drilling has recommenced at its 100% owned Satama gold discovery within its Eburnea Gold Project in central Cote d'Ivoire. A program of reverse circulation (`RC') drilling and auger drilling is underway. The RC program is testing for high grade shoots along the extensive 2kms of drilled gold mineralisation at Satama. The auger is testing recently defined parallel structures to the west of the main drilled trend where an IP survey highlighted high chargeability and resistive anomalies extending for over 4kms in strike. Eburnea Project: The Eburnea Project covers two granted permits covering 690km2 in central Côte d'Ivoire. The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Fetekro gold project approximately 35km to the north and the 2.5Moz Bonikro and 1.0Moz Agbaou gold mines 200km to the south. The Satama permit covers a significant north-east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin. Satama (Turaco 100% Interest) Prior to the wet season, Turaco completed two phases of aircore drilling (for approximately 17,000m) and one phase of RC drilling (for approximately 8,900m) at Satama. The drilling successfully delineated gold mineralisation from surface and along 2kms of strike which remains open in all directions. Previously reported results from RC drilling along the 2kms of strike demonstrated good continuity of gold mineralisation with results including: 30m @ 1.92g/t gold from 94m; 17m @ 2.13g/t gold from 16m; 5m @ 5.96g/t gold from 115m; 10m @ 2.21g/t gold from 141m; 10m @ 2.44g/t gold from 35m; 11m @ 2.23g/t gold from 128m; 7m @ 2.98g/t gold from 141m; 9m @ 1.70g/t gold from 21m; 9m @ 1.84g/t gold from 75m; and 11m @ 2.23g/t gold from 128m. Drilling indicates the main shear zone of gold mineralisation drilled to date at Satama occurs as closely stacked zones of quartz veining accompanied by strong pyrite, carbonate and sericite alteration of the sandstone host. Weathering extends to an average depth of 80m vertical with partial oxidation along fractures and sulphides extending to ~100m vertical, providing scope for a substantial oxide resource. Importantly, high grade mineralisation extends into the fresh rock with some of the best drill intercepts returned from primary mineralisation. RC drilling is now following up on the high-grade results along the 2kms, testing for continuity of the higher grade at depth and along strike. Following on from this drilling, gradient array and dipole-dipole IP survey was completed which indicated the presence of significant shear structures to the west of current drilling at Satama. These shear structures have not been tested by any previous exploration drilling. The newly defined shear structures are considered significant as they are anomalously chargeable and resistive, supporting the presence of sulphides and veining at depth. The western anomalies have substantial strike lengths of over 4kms. Additionally, permit wide high resolution aeromagnetics and radiometrics were recently flown. This survey helped further resolve prospect scale structures, in particular highlighting the presence of a series of east-northeast trend cross structures. Significantly the intersection of one of these cross structures corresponds to a change in strike and higher- grade mineralisation identified on the main 2kms drilled strike. Furthermore, cross-structures intersect newly defined chargeable and resistive IP anomalies. These structural intersections have been incorporated into RC and auger targeting. Auger drilling is now underway testing for in-situ mineralisation along these western structures. Aankondiging • Oct 14
Turaco Gold Limited Announces Further Results from Auger and AC Drilling Completed Within the Tongon North Gold Project in Northern Côte D'ivoire Turaco Gold Limited announced further results from auger and AC drilling completed within the Tongon North Gold Project in northern Côte d'Ivoire. Auger drilling completed prior to the rains and crop harvesting has generated a very high tenor mineralised trend extending over 5km, defining a significant target for follow up work. In addition, AC drilling was completed across the Natoga target and adjacent P10 target positioned on the same high strain shear associated with Barrick's 4.5Moz Tongon Gold Mine 30kms to the south. AC drilling returned several broad shallow zones of gold mineralisation with drilling to just ~25 metres vertical. Results included 4m @ 3.34g/t from 40m, 8m @ 1.89g/t from 0m, 12m @ 1.15g/t gold from 0m, 12m @ 0.90g/t from 36m and 28m @ 0.58g/t from 0m. The Tongon North Project is located on the highly prospective Senoufo greenstone belt in northern Côte d'Ivoire and covers a total area of ~1,540km2 across four granted exploration permits and one exploration permit application. The granted permits are held 100% by Turaco. The Natoga Prospect sits on the same fertile structures associated with Barrick's 4.5Moz Tongon Gold Mine just 30kms to south-west and the Endeavour's 3.2Moz Whangion Gold Operation just 30kms to the north-east. Further auger drilling was undertaken along strike from Natoga to test anomalous geochemistry and geophysics associated with a NE to ENE striking, structurally complex zone on the margin of a major granite pluton. The auger drilling successfully defined several zones of +100ppb gold in saprolite anomalism. These trends extend individually over +1.5kms and collectively along 5kms of strike, which remains open. Four high tenor saprolite gold zones are highlighted with exceptional high grades up to 27.1g/t gold along with numerous >1.0g/t gold results. Results from the 1,788 auger holes (13,319 metres) drilled include: 3.04 g/t gold (TNAG1500), 1.81g/t gold (TNAG2111), 27.13g/t gold (TNAG1770), 1.21g/t gold (TNAG2249), 1.13g/t gold (TNAG1780), 6.58g/t gold (TNAG2841), 1.83g/t gold (TNAG2111), 4.34g/t gold (TNAG2842). The auger drilling has generated a robust new target with substantial new discovery potential. Follow up work programs are being prepared which will include trenching leading into drilling. Aankondiging • Sep 08
Turaco Gold Limited Announces Geophysics Demonstrate Scale of Satama Gold Discovery Turaco Gold Limited ('Turaco' or the 'Company') announced processing and interpretation of a recent gradient array and dipole-dipole IP survey, completed across an area of 5 kilometres by 2.5 kilometres, has highlighted the potential for a large gold system at Satama, with the higher chargeability anomalies (with coincident resistivity anomalies) untested with drilling. The 100% owned Satama discovery is located within the eastern permit of the Eburnea Gold Project in central Côte d'Ivoire. The Eburnea Project covers two granted permits covering 690km2 in central Côte d'Ivoire. The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Fetekro gold project approximately 35km to the north and the 2.5Moz Bonikro and 1.0Moz Agbaou gold mines 200km to the south. The Satama permit covers a significant north-east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin. Processing and interpretation of the gradient array and dipole-dipole IP survey has been completed and indicates the presence of significant shear structures to the west of current drilling at Satama. These shear structures have not been tested by any previous exploration drilling. The newly defined shear structures are considered significant as they are anomalously chargeable and resistive, supporting the presence of sulphides and veining at depth. The western anomalies have substantial strike lengths of over 4 kilometres. In addition, they define the margin of a different geological domain, the margins of which may promote greater competency contrast and anisotropy of structures. Following on from the 8,906m RC program completed across 2 kilometres of strike on the main Satama trend, Turaco recently completed a 9,757m reconnaissance style AC drilling program to test for extensions at Satama and to test a parallel zone of anomalous soil geochemistry to the west of the Satama discovery. Results from latest AC drilling include 12m @ 1.24g/t gold from 12m (STAC0126) and 8m @ 1.12g/t gold from 28m (STAC0180) from four wide spaced drill traverses spaced at 400m apart, testing for a new zone of gold mineralisation. This new zone of mineralisation extends over +800m of strike and sits immediately west of the 2 kilometres of northeast-southwest strike previously drilled where 250m step out AC drilling to the northeast returned 40m @ 0.46g/t gold from 36m including 4m @ 1.67g/t gold from 40m and 4m @ 1.17g/t gold from 64m (STAC0217). Drilling indicates the main shear zone of gold mineralisation drilled to date at Satama occurs as closely stacked zones of quartz veining accompanied by strong pyrite, carbonate and sericite alteration of the sandstone host. Weathering extends to an average depth of 80m vertical with partial oxidation along fractures and sulphides extending to approximately 100m vertical, providing scope for a substantial oxide resource. Importantly, high grade mineralisation extends into the fresh rock with some of the best drill intercepts returned from primary mineralisation. In addition to the IP survey, a high resolution airborne magnetic and radiometric survey of the entire Satama permit has been completed with data currently being processed and interpreted. It is expected the airborne survey will help place the Satama shear zone in a regional context, especially with respect to the adjacent belt margin. Further RC drilling is planned after the current wet season to target higher grade shoots along the 2 kilometres of drilled strike, along with testing of the newly defined western IP anomalies with low-cost auger drilling to define robust drill targets. Aankondiging • Jul 26
Turaco Gold Limited Announces Assay Results from Recently Completed RC Drilling At the Satama Gold Discovery Turaco Gold Limited announced assay results from recently completed RC drilling at the Satama gold discovery within the eastern permit of the Eburnea Gold Project in central Côte d'Ivoire. The results confirm Satama as being a significant, multi-kilometre strike length greenfield gold discovery by Turaco which is expected to continue to grow. Latest assays from reverse circulation (RC) drilling at Satama have returned the best results to date and include: 30m @ 1.92g/t gold from 94m (STRC0066) - 17m @ 2.13g/t gold from 16m (STRC0074) - 5m @ 5.96g/t gold from 115m (STRC0082) - 10m @ 2.21g/t gold from 141m (STRC0067) - 10m @ 2.44g/t gold from 35m (STRC0051) - 11m @ 2.23g/t gold from 128m (STRC0049) - 6m @ 3.30g/t gold from 82m (STRC0075) - 7m @ 2.98g/t gold from 141m (STRC0076) - 9m @ 1.70g/t gold from 21m and 5m @ 1.66g/t gold from 53m (STRC0079) - 9m @ 1.84g/t gold from 75m (STRC0084). Continuous gold mineralisation defined over +2kms in strike which remains open in all directions, within a 4.5km gold-in-auger anomaly and a further 10kms of untested gold-in-soil anomalism, within a regional scale shear zone Latest results confirm: Good continuity of mineralisation in previous wide spaced drilling - Southern strike extensions to the main mineralised trend - Down dip extensions with improved grade into fresh rock - Second sub-parallel western trend of mineralisation. Interpretation of a recent gradient array and dipole-dipole induced polarisation (IP) survey completed over 4.5kms of strike highlights the mineralisation is associated with a chargeability-resistivity anomaly extending over the 4.5km grid and remains open, supporting potential of untested subparallel trends with coincident soil anomalism High resolution airborne magnetic/radiometric survey has been completed over the entire Satama permit area and is currently being interpreted Turaco continues drilling with one rig and two auger rigs across Eburnea and Tongon North Projects. Eburnea Project: The Eburnea Project covers two granted permits covering 690km in central Côte d'Ivoire. The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Fetekro gold project approximately 35km to the north and the 2.5Moz Bonikro and 1.0Moz Agbaou gold mines 200km to the south. The Satama permit covers a significant north-east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin. Satama Gold Discovery (Turaco 100% Interest): Results from the RC drilling at Satama demonstrate a multi-kilometre strike length scale greenfield gold discovery, within a shearzone that remains completely open with untested subparallel shears which are coincidental to soil and auger gold anomalism. First pass air core (AC) drilling was completed at Satama earlier this year, testing the weathered zone within broad 250-300m drill traverses across approximately 3kms of strike within a north-northwest trending 4.5km auger gold anomaly. That AC program returned consistent oxide mineralisation across the 3kms of tested strike which remains open. Turaco commenced an RC program in March 2022, following up on the strong results from the AC drilling program. The RC program was designed to reduce the drill traverse spacing down to a nominal 80m along strike and to test down dip extents on nominal 40m spacing to average vertical depths of 120m, beneath a well-developed weathered zone. The RC program comprised a total of 8,906m across 71 holes, along approximately 2kms of strike. Assay results from this program have defined continuous mineralisation over the +2kms of drilled strike which remains open, along strike and at depth. Previous auger drilling has confirmed further in situ gold anomalism along strike of the drill grid and a majority of the 10km long gold-in-soil anomaly remains untested with drilling to the north-northeast. Aankondiging • Jul 21
Awalé Resources Limited (TSXV:ARIC) entered into an agreement to acquire Exploration Permit PR840 in the Odienne Region from Turaco Gold Limited (ASX:TCG) for AUD 0.2 million. Awalé Resources Limited (TSXV:ARIC) entered into an agreement to acquire Exploration Permit PR840 in the Odienne Region from Turaco Gold Limited (ASX:TCG) for AUD 0.2 million on July 20, 2022. Turaco will receive 972,450 shares in Awale in consideration for the Permit, with 291,735 shares to issued immediately and 680,715 shares to be issued upon the Permit renewal (due July 2023). Aankondiging • Jun 29
Turaco Gold Limited Reports First Gold Assay Results from Maiden, Reconnaissance Style Drilling At the Bouake North Prospect, Within the Eburnea Project in Central Côte D'ivoire Turaco Gold Limited reported first gold assay results from maiden, reconnaissance style drilling at the Bouake North prospect, within the Eburnea Project in central Côte d'Ivoire. A large 7km by 4km gold-in-soil anomaly has been delineated at Bouake North with auger completed across the entire anomaly successfully defining six in-situ gold anomalies. Reconnaissance style drilling has to date tested just two of these targets and has returned high-grade, shallow gold with up to 3m @ 35.79g/t gold from 40m and further assay results pending. Eburnea Project: The Eburnea Project covers two granted permits (Bouake North and Satama permits) covering 690km2 in central Côte d'Ivoire. The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Fetekro gold project approximately 35km to the north and the 2.5Moz Bonikro and 1.0Moz Agbaou gold mines 200km to the south. The Satama permit covers a significant north-east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin. Turaco has been drilling across both areas with reconnaissance style shallow reverse circulation (RC) and air core (AC) drilling at Bouake North, along with step-out and infill AC/RC drilling at the Satama discovery. Reconnaissance Drilling, Bouake North: Previous geochemical soil sampling completed at Bouake North defined a 7km by 4km high tenor, coherent gold-in-soil anomaly. Recently reported systematic auger drilling of the entire gold anomaly was completed on a 200m by 25m grid. This auger drilling delineated six saprolite +100ppb gold targets each extending for more than 1,000m of strike. Turaco recently tested two of the six +100ppb auger anomalies with shallow, first-pass AC/RC drilling. Better results include: 3m @ 35.79g/t Au from 40m (BNRC008). 8m @ 1.44g/t Au from 56m (BNRC004). 12m @ 1.38g/t Au from 8m (BNAC0147). 13m @ 1.05g/t Au from 3m, incl. 1m @ 11.49g/t Au from 3m (BNAC0144). 7m @ 1.82g/t gold from 0m, incl. 4m @ 3.07g/t Au from 3m (BNAC0115). 2m @ 3.94g/t gold from 27m (BNRC001). Reconnaissance style drilling commenced on the southern auger anomaly which extends for approximately 1,400m of strike and where earlier field mapping had identified an associated zone of small-scale mining (orpaillage) extending over approximately 500m into basalt. Grab samples of quartz vein from orpaillage spoil heaps returned values up to 66g/t gold. Due to the presence of fresh rock close to surface shallow RC was utilized for first pass drill testing, with holes sited under workings. In total 12 holes were drilled for a total of 917m. The second auger anomaly tested, to the northeast, comprises 2,000m strike made up of sub parallel +100ppb gold trends within a broader +25ppb gold auger anomaly, with recent auger results of up to 25.2g/t gold. First pass AC drilling was completed on a heel to toe basis across lines spaced 200m to 400m apart and designed to cross multiple trends. A total of 4,572m (235 holes) of AC and 663m (8 holes) of RC were completed, with results received for 3,949m (182 holes). Assays are pending for the remaining 1,286m (61 holes). Underlying geology comprised porphyritic dykes intruding fine grained volcano-sediments within the Oume-Fetekro greenstone belt, with mineralization associated with zones of quartz veining close to margins of dykes. Aankondiging • Jun 18
Turaco Gold Limited Reports New Gold Assay Results from Recently Completed Diamond Core and Ac Drilling At the Nyangboue Prospect, Within the 89% Owned Boundiali Project in Northern Côte d'Ivoire Turaco Gold Limited reported new gold assay results from recently completed diamond core and AC drilling at the Nyangboue prospect, within the 89% owned Boundiali Project in northern Côte d'Ivoire. Turaco's Boundiali Project is located immediately south of Perseus Mining Ltd.'s 0.5Moz Bagoe project (acquired for AUD 80 million in Sept 2020) and immediately north of Barrick Gold & Endeavour Mining's Mankono exploration project (being acquired by Montage Gold Corp. for CAD 30 million plus 2.5% NSR). These latest assay results confirm extensions to previously drilled mineralisation at the Nyangboue prospect, along with a new parallel zone of mineralisation at surface over 400m in strike. Mineralisation remains open in all directions at Nyangboue. Boundiali Project (Turaco 89% Ownership): The Boundiali project is positioned on the highly prospective Boundiali-Syama greenstone belt which hosts Resolute Mining Ltd.'s Syama gold operation and Tabakoroni deposit in Mali. On the belt's southern extension into Cote d'Ivoire several smaller high-grade deposits have been discovered, including Perseus Mining Ltd.'s Sissingue gold operation and Bagoe deposits and Montage Gold's recent 4.6Moz Kone gold deposit to the southwest where the Boundiali-Syama greenstone belt merges with the Senoufo belt. Nyangboue Drilling: At the end of 2021, Turaco completed a reverse circulation (RC) drill program, testing for extensions to previous drill results at the Nyangboue Prospect, and successfully intersected mineralisation down-dip into fresh rock. The Company has followed up that RC drilling with a small diamond drill program comprising 8 holes (NDC011-NDC018) for a total of 1,771m. Diamond drilling was undertaken to test for depth extensions where previous RC drilling had ended in mineralisation and to gain a better understanding of the geological controls to the mineralisation assisting in targeting extensions, and new mineralised zones along the Nyangboue trend. Visual inspections of the drill core show gold mineralisation to be coarse (nuggety) and hosted in quartz veining. Results confirm northerly down-plunge and dip extensions to the mineralisation including:15m @ 1.20g/t gold from 167m and 6m @ 1.35g/t gold from 191m and 10m @ 1.10g/t gold from 220m (NDC013); 6m @ 2.60g/t gold from 134m (NDC014); 4m @ 8.34g/t gold from 21m, incl. 2m @ 16.36g/t gold from 21m (NDC018); o 17m @ 1.09g/t gold from 189m and 20m @ 1.29g/t gold from 211m and 12m @ 2.14g/t from 244m EOH (NDC016); 2m @ 13.57g/t gold from 30m (NDC017); 11m @ 1.08g/t gold from 134m (NDC011); 7m @ 1.11g/t gold from 122m, incl. 1m @ 6.56g/t gold from 122m (NDC012). Mineralisation encountered occurs as discrete higher-grade zones within a broad low-grade envelope with a folded sedimentary package comprising alternating sandstones and shales with minor intraformational conglomerates. Extensive sulphide and carbonate alteration occurs with higher grade zones being associated with structurally controlled zones of quartz veining with visible gold. Oxidation extends to approximately 50m vertical depth and being a sedimentary protolith is soft and friable. In addition to this diamond drilling, an AC program of 298 holes (11,387m) across 13 drill traverses was completed at the Nyangboue prospect. The AC program was testing for parallel in-situ mineralisation beneath anomalous gold- in-soil geochemistry that had previously been untested, or sub-optimally tested by previous shallow, broad AC drilled subparallel to the dip of mineralisation at Nyangboue. Assay results have been received for 285 holes (10,777m) of this program which have highlighted a new zone of gold mineralisation located immediately to the north-northwest of the existing drill grid at Nyangboue. This new zone of mineralisation extends for 400m across 3 traverses of AC drilling and remains open to the north. Results include: 16m @ 1.37g/t gold from 16m, incl. 4m @ 4.83g/t gold from 28m (BDAC0355); 46m @ 0.83g/t gold from 20m, incl. 24m @ 1.45g/t gold from 24m (BDAC0356); 4m @ 1.97g/t gold from 40m (BDAC0362); 12m @ 1.38g/t gold from 0m, incl. 4m @ 3.86g/t gold from 0m (BDAC0369); 12m @ 1.68g/t gold from 32m (BDAC0395). Mineralisation in the AC drilling is associated with moderately foliated siltstones and shales with abundant chlorite and sericite alteration. Aankondiging • May 04
Turaco Gold Limited Announces Encouraging Auger Results At Natoga, Tongon North Project Turaco Gold Limited announced it has received further assays results from its ongoing auger program being undertaken within the Tongon North Gold Project in northern Côte d'Ivoire. Initial auger results at the Natoga Prospect were reported in March 2022. The latest auger results are highly encouraging with the Company immediately mobilising to site an air core (AC) rig to commence a 10,000m program to drill traverses across the high-grade saprolite auger anomalies. Natoga is located just 30kms north-east of Barrick's 4.5Moz Tongon Gold Mine and the same distance south-west of Endeavour's Whangion Gold Mine. The Natoga Prospect sits on the same fertile structures associated with these large deposits (refer Figure One). The Tongon North Project is located on the highly prospective Senoufo greenstone belt in northern Côte d'Ivoire and covers a total area of ~1,540km2 across four granted exploration permits and one exploration permit application. The granted permits are held 100% by Turaco. The project area is immediately adjacent to the north of the operating 4.5Moz Tongon Gold Mine owned by Barrick (refer Figure One). Turaco has been undertaking systematic exploration of the Tongon North Project area with two auger rigs testing anomalous geochemistry defined by previous soil sampling undertaken predominately by Randgold Resources Ltd. Auger drilling at the Natoga Prospect continues to develop as a robust target with substantial new discovery potential. Natoga is located within the central Pongala exploration permit that is one of four granted exploration permits that make upthe Tongon North Project. Natogo target comprises a completely undrilled 5km strike length +60ppb gold-in-soil anomaly associated with a NE toENE striking, structurally complex zone on the margin of a major granite pluton. The target is located approximately 30km from Barrick Gold's 4.5Moz Tongon gold mine. The latest auger results confirm the presence of in-situ high-grade gold and extend gold anomalism along strike and definea new high-grade auger anomaly to the southeast. At least four +100ppb gold in saprolite auger anomalies have now been defined at Natoga, each with more than 1km strike and up to 100m wide (refer Figure Two). Aankondiging • Apr 27
Turaco Gold Limited Receives Assays Results from the Initial 15 RC Holes Drilled at the Satama Turaco Gold Limited announced it has received assays results from the initial 15 RC holes drilled at the Satama gold discovery within the eastern permit of the Eburnea Gold Project in central Côte d'Ivoire. The RC program at Satama is ongoing with over 35 RC holes drilled to date and assays pending for a majority. The Eburnea Gold Project is located between Endeavour Mining's 2.5Moz Fetekro gold project to the north and Allied Gold's 2.5Moz Bonikro and 1.0Moz Agbaou gold mines to the south. The current program is reducing drill spacing to 120-140m along strike. These initial results confirm mineralisation extending into the fresh rock, including 25m @ 1.79g/t gold, beneath a substantial oxide zone extending to approximately 80m vertical depth. Further drill results, and data from an IP survey currently underway, will provide additional geological understanding of the controls of higher-grade gold mineralisation for more targeted drilling. Eburnea Project: The Eburnea Project covers two granted permits covering 690km2 in central Côte d'Ivoire. The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Fetekro gold project approximately 35km to the north and the 2.5Moz Bonikro and 1.0Moz Agbaou gold mines 200km to the south. The Satama permit covers a significant north- east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin. Exploration continues to advance at the Eburnea Project with two drill rigs active, including a large RC rig at Satama drilling down to 100-120m vertical beneath recent AC drilling which defined gold mineralisation over +3kms in strike and a multipurpose RC/AC rig testing the multiple high-grade gold in auger anomalies defined at Bouake North. Satama Gold Discovery (Turaco 100% Interest): First pass AC drilling was completed at Satama earlier this year testing 3kms of strike with broad 250-300m drill traverses targeting shallow gold mineralisation coincident with the previously reported auger anomaly. This AC program returned consistent oxide mineralisation across the 3kms of strike which remains open to the northeast. Turaco commenced an RC program in March 2022 to reduce the drill traverse spacing down to a nominal 160m and to test downdip mineralisation to vertical depths of around 120m beneath the weathered zone. To date, over 35 RC holes have been drilled, which is ongoing, and results have been received for the first 15 holes (2,125m). The best result to date was returned from the northern most line of drilling, with 25m @ 1.79g/t of primary mineralization downdip from an air core drill result of 29m @ 1.5g/t in oxide, confirming the trend remains open along strike to the northeast. To the south, there are multiple mineralised trends, with a second priority trend striking north-northeast which remains open with a trench that returned 6m @ 3.36g/t gold 1.5km along strike. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Bruce Mowat was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 02
Turaco Gold Limited Announces Drilling Results from First Pass, Reconnaissance Style, Reverse Circulation and Air Core Drilling at the Recently Defined Satama Auger Anomaly Within Eastern Permit of the Eburnea Gold Project in Central Côte D'ivoire Turaco Gold Limited announced drilling results from first pass, reconnaissance style, reverse circulation (RC) and air core (AC) drilling at the recently defined Satama auger anomaly within eastern permit of the Eburnea Gold Project in central Côte d'Ivoire. The Eburnea Gold Project is located between Endeavour Mining's 2.5Moz Au Fetekro project to the north and Allied Gold's 2.5Moz Au Bonikro and 1.0Moz Au Agbaou gold mines to the south. The Eburnea project covers two granted permits covering 690km2. The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Au Fetekro gold project approximately 35km to the north and the 2.5Moz Au Bonikro and 1.0Moz Au Agbaou gold mines 200km to the south. The Satama permit covers a significant north-east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin. The maiden program comprised 7 trenches for 800m, mechanically dug using an excavator, five traverses of AC holes (37 in total) for 2,150m and 14 RC holes for 1,300m using a small multipurpose drill rig. RC drilling was employed initially to ensure adequate depth penetration before moving to faster AC drilling once the depth of oxide was established. The oxide profile extends to 80m in depth in some sections. Trenches were simultaneously employed to confirm the dip direction of the auger anomaly. Trenching returned 6m @ 3.36g/t gold and 10m @ 1.27g/t gold. Recent Insider Transactions • Dec 02
Insider recently sold AU$83k worth of stock On the 24th of November, Philip Reese sold around 632k shares on-market at roughly AU$0.13 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Sep 10
Turaco Gold Limited Provides Drilling Update on Exploration Activities Within its Extensive 8,350Km2 Ground Position in Cote D'ivoire Turaco Gold Limited provided an update on the exploration activities within its extensive 8,350km2 ground position in Cote d'Ivoire Notwithstanding being in the middle of the wet season, the Company's drilling programs are ramping up at the Boundiali Gold Project in northern Cote d'Ivoire along with auger drilling at the Eburnea Gold Project in central Cote d'Ivoire. AC drilling is progressing as planned at the Boundiali Gold Project with almost 1,000 metres completed of a first pass 9,000 metre program. The first pass program comprises 200 metre step out traverses, across untested strike extensions to previously defined shallow gold mineralisation. Subject to results, the program is likely to continue beyond the initial 9,000m, with a further 5 kilometres of strike between the Nyangboue North and South prospects to be systematically tested. Site works are nearing completion with several RC drill pads prepared for expected commencement of RC drilling next week. An initial RC program of approximately 3,000m will be undertaken at Nyangboue to test parallel structures, dip and plunge extensions to previously defined high grade gold mineralisation at Nyangboue which remains open in all directions. Eburnea Project; Two rigs are currently undertaking maiden auger testing of approximately 5,300 metres at Eburnea, testing the soil anomalies, in preparation for a maiden AC/RC drill program. This immediately follows on from 5,660 metres of auger drilling completed on the eastern Satama permit with samples submitted to the laboratory and assay pending. Results will be announced as soon as available. The program was testing anomalous geochemistry previously defined by Resolute within this permit. Tongon North Project; The Tongon North Project is located on the highly prospective Senoufo greenstone belt in northern Côte d'Ivoire and covers a total area of approximately 1,540km2 across four granted exploration permits and one exploration permit application. The granted permits are held 100% by Turaco. The project area is immediately adjacent to the north of the operating 4.5Moz Tongon Gold Mine owned by Barrick. Executive Departure • Aug 11
Non-Executive Director David Kelly has left the company On the 9th of August, David Kelly's tenure as Non-Executive Director ended after 4.7 years in the role. We don't have any record of a personal shareholding under David's name. A total of 2 executives have left over the last 12 months. Aankondiging • Feb 10
Manas Resources Limited Announces Drilling Results from Mbengue Gold Project Manas Resources Limited announced that it has received results for the 2,207 metre RC drilling program completed during November/December 2020 at the Mbengué Gold Project in northern Côte d'Ivoire. The drilling was following on from auger and geophysical surveys completed by the Company during 2019 and 2020. This drilling was undertaken within the southern granted exploration permit (PR272) of the Mbengué Gold Project in which Manas is earning a 70% joint venture interest by spending US$2M. Manas has now completed this earn-in expenditure. A total of 2,207 metres of RC drilling across 21 holes to an average depth of 105m was completed Le Vieux, Phew and Madala prospects (refer Figure One). Twelve holes across two drill hole traverses were completed at Le Vieux, four holes at Phew across one traverse and five holes drilled at Madala. The drilling returned multiple narrow zones of gold mineralisation. The Mbengué Gold Project is located on the highly prospective Senoufo greenstone belt in northern Côte d'Ivoire and covers a total area of ~1,040km2 across two granted exploration permits covering 645km2 and one exploration permit application covering an additional 395km2. The Mbengué Gold Project adjoins the operating 4.5Moz Tongon Gold Mine owned by Barrick. Aankondiging • Oct 06
Manas Resources Limited Reports the Results of Recent Auger Drilling At the Mbengué Gold Project in Côte d'Ivoire, West Africa Manas Resources Limited reports the results of recent auger drilling at the Mbengué gold project in Côte d'Ivoire, West Africa. Work was initially completed using contractors, but from late August the Company's recently purchased track-mounted drill rig was used. Results are reported from the recent infill auger drilling programme testing the large IP anomalies Manas discovered along the Tongon Shear Zone (TSZ) structure, within 10km of Barrick's Tongon mine. Results from 186 holes are reported (MBAG736 to MBAG921), representing 1,684m of infill drilling at the LVP and Madala South grids. Shallow auger holes, 6m to 10m deep, were drilled on 200m x 25m or 100m x 50m grid spacings. Significant results (any assay >0.1g/t Au) were recorded in 43 holes. The maximum grade was 2m @ 5.7g/t Au. These results significantly expand the area of the main LVP anomaly, which now consists of two zones 300m apart. Each of these two zones is over 2 kilometres long and 300m wide and open along strike. Manas has planned a follow-up programme of RC drilling, scheduled to start in November, initially focussed on the wide high-grade northern portion of LVP and Madala. 