Turaco Gold Limited announced assay results from recently completed RC drilling at the Satama gold discovery within the eastern permit of the Eburnea Gold Project in central Côte d'Ivoire. The latest results continue to confirm Satama as being a significant, multi-kilometre strike length greenfield gold discovery which is expected to continue to grow. This latest drill program of twelve RC holes undertaken to identify higher grade plunging shoots and down dip extensions to previous drilling.

The program has successfully achieved both, with a high- grade plunging shoot defined at the northern area of the drill grid with hole STRC0095 returning 26m @ 4.82g/t gold from 35m, the highest gram metre intersection to date. This zone of high-grade mineralisation remains open in all directions. A 2,050m auger program has also recently been completed testing parallel structures to the west of the existing drill grid where an IP survey highlighted high chargeability and resistive anomalies extending for over 4kms in strike .

Results from this program are pending. The Eburnea Project covers two granted permits covering 690km2 in central Côte d'Ivoire. The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Fetekro gold project approximately 35km to the north and the 2.5Moz Bonikro and 1.0Moz Agbaou gold mines 200km to the south.

The Satama permit covers a significant north-east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin.