Further Drilling Success In Mali
Marvel Gold Limited (ASX: MVL) continues to intersect high-grade mineralisation during its resource expansion drill programme at the Tabakorole Gold Project in southern Mali.
Managing Director, Phil Hoskins, said the results are expected to materially enhance the resource ounces and grade within this portion of the deposit where historical results encountered nearer surface were lower grade than those intersected in the current program.
“We are extremely pleased with the thickness and grades of these drill results. The focus of this drill program was resource expansion, with the majority of the holes testing strike extensions,” Mr Hoskins said.
“A number of holes were planned within the existing strike to improve the resource and there is no doubt that these drill holes have accomplished that.”
Highlights from recent holes include:
- 12m at 2.1 g/t gold from 18m;
- 18m at 1.9 g/t gold from 53m;
- 10m at 1.5 g/t gold from 97m;
- 3m at 2.0 g/t gold from 10m;
- 22m at 1.8 g/t gold from 77m; and
- 11m at 0.7 g/t gold from 141m.
Mr Hoskins said the mineralisation encountered in these three holes is a significant improvement to what has been modelled in this area in both thickness and grade.
Previously modelled intercepts in this area exist within a broad halo of low-grade mineralisation which surrounds the deposit.
These holes were targeted as this area was previously sparsely drilled, with only a single hole per section and there were indications from historical drilling along strike that the grades improved with depth, as has now been shown by the current results.
“Importantly, these results are near surface and viable within an open pit mining scenario.”
The company is awaiting results from a further 3,903m across 28 holes including drilling expected to confirm the north-west strike extension of the Tabakorole resource. It is currently undertaking a five hole, 750m diamond drilling programme in the south-east of the deposit and following up with an aircore programme to the south-east of the deposit to further target the strike potential in this area.
