Continues To Grow Mali Gold Project
Marvel Gold Limited (ASX: MVL) has successfully extended the existing 2.9km strike length a further 150m to the south-east at the Tabakorole Gold Project located in southern Mali.
Results received from the first eight holes of the resource expansion drill programme included an intersection of 23m at 2.0 g/t gold.
“We are very pleased with this first batch of drilling results successfully extending the Tabakorole deposit to the south-east,” Managing Director, Phil Hoskins, said.
“This programme was designed to grow the resource along strike in both directions and this is an excellent start.
“With the results from 31 drill holes remaining outstanding, including the north-west strike extension, we’re excited about the implications for a potential upgrade to the 910,000oz Mineral Resource.”
Hole 21TBKRC-001 intersected 23m at 2.0 g/t gold, confirming the continuity of the deposit to the south- east, whilst also terminating in mineralisation. Results from two other completed holes on the same section remain outstanding.
Holes drilled in the central part of the deposit included intercepts of 24m at 1.2 g/t gold from 13m (hole 20TBKRC-002), 25m at 0.8 g/t gold from 4m (hole 20TBKRC-002A) and 14m at 0.8 g/t gold from 17m (hole 20TBKRC-003. These holes have improved the understanding of the deposit, near surface in the south- eastern portion of the Mineral Resource.
Encouragingly, the magnetics appear to show a continuation of the broader NW-SE trending structure hosting the Tabakorole deposit for 1.3km to the south-east.
The company has planned an aircore drilling program to test the continuation of mineralisation to the south-east as well as a diamond drilling programme to infill the area between the end of the resource and 21TBKRC- 001 such that it can be brought into the updated Resource later in the year.