Tongon North Project
(held 100% by Turaco)
The Tongon North Project is comprised of five granted exploration permits and one exploration permit application, which cover a combined area of 1,840km2 of the highly prospective Senoufo greenstone belt.. Four of the granted exploration permits are held 100% byu Turaco and the fifth (PR272) is held in joint venture where Turaco has earned a 70% interest with Occidental Gold SARL (a subsidiary of Perseus Mining Ltd).
The Senoufo greenstone belt host Barrick Gold’s 4.5Moz Tongon gold operation and Endeavour Mining’s 3.2Moz Wahgnion gold operation (located on the belts continuation into Burkina Faso). Turaco holds a majority of the Senoufo belt between the Tongon and Wahgnion operations. The Senoufo belt also hosts Montage Gold’s recent 3.2Moz Kone gold discovery to the southwest where it merges with the Boundiali belt.
The Senoufo greenstone belt is a typical Birimian greenstone belt, comprised of intercalated fine-grained sediments, intermediate volcanoclastics and mafic volcanic flows intruded by multiple phases of plutonic rock ranging from gabbroic to granitic in composition. While overarchingly orogenic and structurally controlled, multiple styles of mineralisation from vein and shear hosted to skarn related occur across a variety of mineralised hosts including volcanoclastic, sedimentary, gabbro and granite. The area has seen past regional exploration by Randgold (now Barrick) and Resolute which identified multiple large gold-in-soils anomalies which have seen very limited historical reconnaissance drilling.
Turaco has undertaken a belt-scale prospectivity analysis. Historical exploration has defined several large-scale gold anomalies in favourable geological settings that remain untested. Turaco will systematically follow up surface gold anomalies in favourable structural settings with low-cost auger and aircore drilling to better define RC drill targets.