Marvel Gold Ltd’s (ASX:MVL) (FRA:GR2) new broad results from recent RC drilling at Tabakorole Gold Project in southern Mali are expected to enhance the 910,000-ounce mineral resource and grade within the existing strike of the deposit.
Results have been received for eight reverse circulation (RC) drill holes with best intersections of:
- 40 metres at 1.0 g/t gold from 86 metres including 7 metres at 2.2 g/t from 86 metres;
- 33 metres at 1.1 g/t from 84 metres including 10 metres at 2.3 g/t from 84 metres;
- 31 metres at 1.1 g/t from 146 metres; and
- 10 metres at 2.0 g/t from 49 metres.
Samples for 20 RC drill holes for 2,760 metres are at the laboratory, with assay results expected shortly.
“Enhancing size and grade of resource”
Several of the reported results returned very broad intersections of mineralisation which are expected to increase the confidence of the resource estimation within the deposit in areas of sparse historical drilling.
Marvel managing director Phil Hoskins said: “We are pleased with the consistent widths and grades in this south-eastern part of the deposit.
“Many of the holes drilled in this program within the existing strike have exceeded expectations and are expected to enhance the size and grade of the resource.
“These holes continue that theme.
“We look forward to reporting the remaining assay results, which were drilled to test the northwest strike extension.”
Plan view showing additional Tabakorole drill results.
“Emerging as significant deposit"
Hoskins said: "Excellent metallurgical test results and continued exploration success have seen Tabakorole emerge as a significant deposit, with results of recent drilling expected to grow the mineral resource beyond one million ounces.
“We are committed to expanding the existing mineral resource and since concluding the RC drilling, have completed a five-hole diamond drilling program in the southeast of the deposit, with the results expected to be reported in April, and recently commenced a 6,000-metre aircore program to the southeast of the deposit to further target the strike potential in this area.
“In addition, we have also undertaken an extensive geochemistry program across the Tabakorole licence area and at adjacent tenements, Sirakourou and Solabougouda, as part of a systematic approach to identifying targets for follow up.”