What was the major news from Turaco Gold (ASX:TCG) regarding the Afema Project?

Turaco Gold announced high-grade drilling results from its 5,000-metre infill and extension program at the Afema Project in Côte d’Ivoire. The drilling focused on the Adiopan-Asupiri deposit, yielding significant intercepts such as 28m at 2.17g/t gold.

Why is the "indicated" resource category important for Turaco Gold (ASX:TCG) investors?

Upgrading mineral resources to the "indicated" category is a critical step for a junior miner to prove the economic viability of a project. This classification is required to declare ore reserves in upcoming technical studies, such as the pre-feasibility study

What are the most significant drill results from the latest Afema Project update?

The latest campaign reported several high-grade, wide intercepts, including 28m at 2.17g/t gold from 91m and 31m at 1.47g/t gold from 40m. Additionally, reconnaissance drilling at the Bergerie prospect returned 20m at 2.28g/t gold.

How does this news affect the long-term growth story of Turaco Gold (ASX:TCG)?

The discovery of new mineralization zones at the Bergerie and Sikasso prospects suggests that the Afema Project could grow significantly beyond its current 4.65-million-ounce global resource. Management is using five active drill rigs to aggressively expand the footprint.

What are the upcoming catalysts for Turaco Gold (ASX:TCG) in 2026?

The most immediate catalyst is the release of the Pre-Feasibility Study (PFS) scheduled for June 2026. Following the PFS, the company plans to transition directly into a Definitive Feasibility Study (DFS), which is the final detailed blueprint for building the mine.

What is the current resource size and grade at the Afema Project?

The Afema Project currently hosts a global resource estimate of 4.65 million ounces of gold. The specific Adiopan-Asupiri deposit, which was the focus of the latest infill drilling, contains 1.32 million ounces.

Turaco Gold bolsters Afema Project with high-grade results

Written by Liezl GambePublished May. 12 2026Last Updated May. 12 2026

Turaco Gold (ASX:TCG) further solidified the development trajectory of its flagship Afema Project, reporting high-grade results from an intensive 5,000-metre infill and extension drilling campaign.

Focused primarily on the Adiopan-Asupiri deposit in south-east Cote d’Ivoire, the programme aims to transition a substantial portion of the current 1.32-million-ounce mineral resource into the higher-confidence ‘indicated’ category.

The push comes as the company prepares to release a highly anticipated pre-feasibility study next month, followed immediately by a definitive feasibility study.

Recent assay results have confirmed robust mineralisation at depth and along strike.

Standout intercepts include 28m at 2.17g/t gold from 91m and 31m at 1.47g/t gold from 40m, demonstrating the deposit’s continuity and scale.

Beyond the core resource area, reconnaissance drilling at the Bergerie and Sikasso prospects has identified new mineralisation zones, including 20m at 2.28g/t gold, suggesting significant growth potential beyond the existing 4.65-million-ounce global resource.

Managing Director Justin Tremain expressed confidence in the project’s momentum, noting that five rigs remain active on-site to facilitate ongoing resource expansion.

"We are in the final stages of completing a PFS that will showcase Afema as a West African gold project of material scale with compelling economics," Tremain stated.

At the time of reporting, Turaco Gold’s share price was $0.57.