Marvel Gold Ltd's (ASX:MVL) (OTCMKTS:GRXMF) (FRA:GR2) results from the first eight holes of a resource expansion drill program at the Tabakorole Gold Project in southern Mali has confirmed an extension to the southeast.
The results have extended the existing 2.9 kilometres strike length by a further 150 metres.
Results from a hole 150 metres southeast of previous resource drilling intersected 23 metres at 2 g/t from 178 metres and terminated in mineralisation.
Other key intercepts from recently completed drilling within the Tabakorole deposit’s existing strike length include:
- 24 metres at 1.2 g/t from 13 metres;
- 25 metres at 0.8 g/t from 4 metres; and
- 14 metres at 0.8 g/t from 17 metres.
“Potential upgrade to resource”
Marvel managing director Phil Hoskins said: “We are very pleased with this first batch of drilling results successfully extending the Tabakorole deposit to the southeast.
“This program 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 northwest strike extension, we’re excited about the implications for a potential upgrade to the 910,000-ounce mineral resource.”
First 8 drill results from Tabakorole resource expansion drill program.
The results from the remaining 31 RC drill holes for 4,415 metres are expected steadily over the coming weeks.
An aircore drilling program is planned shortly, targeting part of the 1.3 kilometre continuation of the NW-SE trending structure hosting Tabakorole, as highlighted by ongoing high-resolution ground magnetics surveys.