Kounahiri and Kounahiri West Gold and Lithium Projects, Côte d’Ivoire

Kounahiri (granted; pending renewal) and Kounahiri West (application) cover a total of ~630km2, about 150km northeast of Tietto Minerals’ (ASX: TIE) Abujar Gold Mine which is situated along the margin between granitoids and the Birimian greenstone belt along a NE–SW trending shear zone. The 270,000-ounce per annum Yaouré Gold Mine operated by Perseus Mining is 90km south of the Kounahiri Project.

There is an existing geochemical gold anomaly over the project area and the observed presence of pegmatites that could be prospective for lithium on the project.

Work completed to date at the Kounahiri project comprises stream sediment sampling, soil geochemical sampling completed on a 400 x 100m grid, and 327 auger holes for 2,141m to an average depth of 6.5m.

A phase 2 program comprising 44 auger holes for 399m to an average depth of 9m was completed shortly after the initial auger work. This work has confirmed a 15km-long gold-in-soil anomaly striking NNE with possible parallel anomalies. This target appears open to the north and south and presents an exciting opportunity.