Pit 5 Delivers More High-Grade Gold Results
Firefinch Limited (ASX: FFX) has received further positive results from drilling at Pit 5, a mining area located on the western margin of the Morila Super Pits at the Morila Gold Mine in Mali. Morila is 80% owned by Firefinch.
The company has also confirmed it has commenced its first diamond core drill hole at the Morila Super Pit to test for extensions to high-grade mineralisation intersected in historical drilling beneath the pit floor at the Morila NE target.
Managing Director, Dr Michael Anderson,said there are a number of outstanding intersections outside the mined pit including 56m at 4.97g/t gold (SAN540) and 29m at 6.23g/t gold (SAN216) and there will be an increased focus on drilling to target extensions to such high-grade mineralisation.
“It is very exciting to start our search for high-grade mineralisation below the Morila Super Pit, and I look forward to seeing the drill core from this initial programme,” Mr Andersonsaid.
“The results at Pit 5 are evidence of the mineralisation and remaining opportunity in the Morila system, and we are looking forward to a sustained exploration and resource development strategy to unlock its full potential.”
The Morila Pit 5 deposit is located on the western margin of the Morila Super Pit, less than one kilometre from the Morila plant, and is the site of current mining operations at Morila. Morila Pit 5 currently has an Indicated and Inferred Mineral Resource of 840,000 tonnes at 1.1g/t.
Previous drilling at the Pit 5 deposit identified high grade mineralisation at the northern extent of the deposit such as 19m at 4.14g/t gold from 40m in SE77 and 19m at 4.37g/t gold (incl. 7m at 7.53g/t gold) from 64m in SE74.
Based on these intersections the company implemented a drilling programme of 23 holes for 2,422m to test for extensions to the north of Pit5, along the western side of the Morila pit. Better results include:
- 58m at 1.75g/t gold from 91m (SE97);
- 6m at 3.98g/t gold from 88m (SE93);
- 18m at 2.17g/t gold from 39m and 9m at 3.83g/t gold from 91m (SE87);
- 33m at 1.04g/t gold from 73m (SE88);
- 6m at 4.12g/t gold from 76m (SE95);
- 10m at 2.71g/t gold from 104m (SE102); and
- 6m at 1.96g/t gold from 168m (within 21m at 0.88g/t gold, SE105).
The Pit 5 results will also be used in future updates of the Morila Mineral Resource since the intersections in SE88, SE97, SE104 and SE105 have returned an increased thickness of mineralisation when compared to the Morila mineralisation model. In addition, the Pit 5 results are also expected to inform our targeting of high-grade mineralisation elsewhere at Morila.
Mr Andersonsaid pleasingly, the thickness and tenor of mineralisation at Morila (outside the previously mined pit) has been highlighted by the significant results returned by recent Firefinch drilling at Pit 5. It is worthwhile noting that four of the 23 drillholes ended in mineralisation.
