Turaco Gold (ASX: TCG) Golden Run, New Discovery Sparks 12% Rally

Gold Shines for Turaco

Turaco Gold (ASX: TCG) jumped 12% today after reporting strong gold intercepts from its Afema Gold Project in Côte d’Ivoire.

The Woulo Woulo infill drilling returned broad, consistent gold zones with grades up to 1.07 g/t gold, while the nearby Herman prospect delivered a higher-grade discovery, yielding surface-level gold at 32.6 g/t.

For investors, these results suggest the economics of the Turaco Gold Afema project are improving, with greater feasibility for resource expansion and stronger development potential. The standout Herman discovery could underpin a maiden resource estimate, enhancing project value through higher grades and shallow mineralisation, both key drivers of lower-cost extraction and stronger overall project economics.

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Turaco Gold Expands Afema

Turaco Gold Afema Gold Project is a large-scale, multi-deposit gold system located in southeastern Côte d’Ivoire, currently hosting a JORC Resource of 4.1 million ounces across six deposits, Woulo Woulo, Jonction, Anuiri, Asupiri, Begnopan, and Toilesso.

Recent results from the Woulo Woulo deposit revealed thick, laterally continuous mineralised zones with grades ranging between 1.0–1.4 g/t gold, grades that are considered commercially attractive for a large-scale open-pit operation.

Meanwhile, the Herman prospect, a new high-grade discovery, has returned multiple shallow intercepts with grades often exceeding 10 g/t gold, and in some cases reaching up to 30 g/t gold. These intercepts occur at shallow depths (<100m), making them particularly valuable from a mining economics standpoint.

While Herman’s mineralised widths are narrower than Woulo Woulo’s, the significantly higher grades suggest strong potential for:

• Development of a satellite high-grade pit to feed the main Afema processing plant, and
• Improved blended head grades for the overall Afema Project, enhancing operational efficiency and project returns.

Overall, these results strengthen the view that Afema has district-scale potential, with the Woulo Woulo–Herman corridor emerging as a key growth zone capable of driving a larger and higher-margin gold development in Côte d’Ivoire.

The investors takeaway for Turaco Gold

For investors already holding Turaco, these latest drill results are a genuinely encouraging sign. The combination of broad mineralisation at Woulo Woulo and shallow, high-grade hits at Herman really helps reinforce that Afema isn’t just another early-stage project; it has the scale and geological quality to become something meaningful. Seeing high grades close to the surface is exactly the type of result that gives confidence in the project’s ability to grow its resource base and improve the economics of any future development.

That said, it’s still important to stay grounded. Turaco is very much in the exploration and resource-definition phase, so there are still plenty of moving parts, things like funding, timelines, and how the project ultimately stacks up in a feasibility study. The next big milestones investors should watch for are the conversion of these intercepts into a formal JORC resource and clear steps toward a scoping or feasibility study.