New Results Expected To Add To 910koz Resource
Marvel Gold Limited (ASX: MVL) has successfully confirmed the north-west strike extension at the Tabakorole Gold Project in southern Mali.
The final results from the recent RC drilling programme are expected to have grown the 910koz mineral resource at Tabakorole along strike to the north-west, where mineralisation was initially highlighted by aircore drilling conducted during 2020.
Highlights of the results include holes 20TBKRC015 and 20TBKRC014 which both intersected high- grade mineralisation and are expected to improve the existing JORC resource. Hole 20TBKRC015 (6m at 5.8g/t gold) is expected to improve the grade of the resource whilst 20TBKRC014 (16m at 2.0g/t gold) sits outside the existing modelled resource altogether, potentially representing an entirely new zone of mineralisation.
Managing Director, Phil Hoskins, said that additionally, the north-west strike extension returned two holes with 4m at 1.9g/t gold from 16m (20TBKRC025) and 15m at 2.0/t gold from 25m (20TBKRC018), both on the same section, which have confirmed further strike extensions beyond the currently modelled resource.
“We are pleased to report the final results from our RC programme which are expected to increase the size of the resource at Tabakorole,” Mr Hoskins said.
“The grade of these results is particularly encouraging, exceeding the average grade of the north-west portion of the resource. The intersection of 16m at 2.0 g/t gold is also very exciting as it sits outside previously modelled mineralisation and potentially represents the discovery of a new zone of mineralisation.
“This drill programme is expected to successfully achieve its objective of defining additional mineralisation, confirming strike extensions in both directions and delivering impressive results within the existing resource.
“There are numerous follow-up targets coming out of this drill program which, combined with the extensive regional soils and ground magnetics, give us ample opportunity for continued resource growth at Tabakorole.”
Best intersections from the latest results include:
- 15m at 2.0 g/t gold from 25m (hole 20TBKRC018);
- 16m at 2.0 g/t gold from 75m in hole 20TBKRC014, which is outside the existing resource;
- 6m at 5.8 g/t gold from 61m (hole 20TBKRC015); and
- 28m at 1.5 g/t gold from 121m (hole 20TBKRC008).
Since the completion of the RC drill programme, the company has completed a five-hole diamond drilling programme in the south-east of the deposit, with results expected in April. This drilling is seeking to infill the area between the existing resource and Hole 21TBKRC-001 which intersected 23m at 2.0 g/t gold.
There are also follow-up targets from the most recent RC drill programme which the company expects to drill prior to updating the JORC Mineral Resource estimate.
The company has commenced a 6,000m aircore programme to the south-east of the Tabakorole deposit to further target the strike potential in this area.
Shallow aircore drilling will continue to be utilised over the entire 300 sq. km landholding, where the company has collected extensive multi-element soil geochemistry and high-resolution ground magnetics to define regional targets. The discovery of satellite deposits would complement continued resource growth around the existing deposit.
