Marvel Gold Limited’s (ASX: MVL) reconnaissance auger drilling has demonstrated potential for along strike continuity of mineralization at the Solona gold prospect at the Yanfolila Gold Project located in southern Mali. Yanfolila is held under a joint venture with B2Gold in which Marvel holds an 80% interest (B2Gold JV).
“We are encouraged by the results of our recent auger drilling campaign at Yanfolila which have highlighted the potential for further mineralisation along strike from Solona as well as highlighting a parallel zone of mineralization, which confirms the interpretation of our soil geochemistry results,” Managing Director, Chris van Wijk, said.
“In addition, we have seen anomalous results at Yanfolila east which is a newly defined target. In all instances, auger drilling has worked well as a rapid and low-cost screening method, giving us confidence in its utility for further discovery.”
Yanfolila Auger Results
A total of 872 holes for 10,586m were drilled across three broad target zones, including the area hosting the Solona prospect which hosts known mineralization and extensive artisanal gold workings targeting stockwork quartz veins.
The Solona target area returned 34 holes containing ≥0.1g/t Au gold, including five holes that returned values ≥0.5g/t Au, with a peak value of 1.8g/t Au. Significantly, the auger drilling suggests that ore-grade mineralization may extend along strike beyond the limits of the currently known mineralization at Solona and that another gold-mineralized system parallel with the Solona prospect is located approximately 500m to its north-west and which remains open to the north-west.
Drilling at the Yanfolila Eastern Target was terminated prematurely due to the onset of seasonal rains. At this target, drill line spacing was very broad (circa. 600m), but results suggest that mineralization encountered during an earlier phase of auger drilling continues over a strike length of at least 1.2km parallel to a known shear zone.
Drilling in the north of the Yanfolila licence was confirmatory only, with one line of drilled across each anomaly. The area contains numerous shallow artisanal gold workings targeting the base of the laterite and the auger drilling suggests that this gold is transported and has not been locally sourced.
Next Steps
The Yanfolila auger samples will now be analysed in-house by the company’s portable X-ray fluorescence (pXRF) machine. This will provide multi-element geochemical data which will enhance the understanding of the geology at Yanfolila, the results of which will inform the drill targeting process.
For further information please visit: https://marvelgold.com.au/
