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Turaco Gold Limited (ASX:TCG)

ALERT: Price-sensitive ASX Announcement for TCG
Current share price for TCG : $0.545 -0.18 (-24.83%)+
Announcement
Release
12 Mar 2026 9:37AM
Price at Release
$0.725
Full Release
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Summary
Turaco Gold Limited has announced encouraging results from its exploration activities at the Afema Gold Project in Côte d'Ivoire. Drilling along the Niamienlessa-Affienou Trend, including at the Niamienlessa SW and Affienou West prospects, has confirmed continuous oxide gold mineralisation. The Niamienlessa-Affienou Trend, a separate mineralised structure from the Afema Shear, shows potential for significant gold camp scale. The results from the latest drilling along this trend show substantial gold intersections, with mineralisation open in all directions from the surface. An updated Mineral Resource Estimate for the Afema Project is forthcoming, which will aid in ongoing pre-feasibility studies. Turaco Gold remains well-funded to continue its exploration efforts and feasibility studies.
Key Points
  • Turaco Gold Limited continues to make significant progress with its exploration drilling at the Afema Gold Project located in south-east Côte d'Ivoire.
  • Recent drilling along the Niamienlessa-Affienou Trend, specifically at the Niamienlessa SW and Affienou West prospects, has confirmed zones of continuous oxide gold mineralisation.
  • The Niamienlessa-Affienou Trend is identified as a separate mineralised structure from the Afema Shear, highlighting the potential for a significant gold camp scale.
  • Results from Niamienlessa SW included significant gold intersections, with mineralisation open in all directions from the surface.
  • Reconnaissance drilling at Affienou West returned promising gold grades, indicating widespread oxide mineralisation along the trend.
  • The updated Mineral Resource Estimate (MRE) for the Afema Project is expected to be completed soon, supporting ongoing pre-feasibility studies.
  • Turaco Gold is in a strong financial position to continue funding exploration and feasibility studies with substantial cash reserves.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.