Turaco Gold Enhances Afema Project

Turaco Gold (ASX: TCG) has finalized acquiring a 51% stake in the Afema Gold Project, aiming for a 70% share, bolstering its position with significant drilling operations. Over 1,000m of diamond drilling has been executed across key deposits, alongside a focused RC drilling program at Woulo Woulo. The endeavor includes a comprehensive 3,000 soil sample study to pinpoint future drill sites.

The acquisition, involving a AU$1.5 million payment and 46.5 million shares to Endeavour Mining, transforms Endeavour into a significant Turaco shareholder. This step propels Turaco into a rapid exploration and potential expansion phase, with initial drilling results expected soon, marking a pivotal advancement in resource estimation and exploration capabilities.

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