leadf
logo-loader
viewMarvel Gold Ltd

Marvel Gold drilling confirms southeast extension at Tabakorole Gold Project

The drilling program was designed to grow the resource along strike in both directions.

Marvel Gold Ltd - Marvel Gold drilling confirms Tabakorole extension to the south-east
Results for the remaining 31 RC drill holes for 4,415 metres are expected in the coming weeks

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.

Next steps

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.

Quick facts: Marvel Gold Ltd

Price: 0.047 AUD

ASX:MVL
Market: ASX
Market Cap: $23.91 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Marvel Gold Ltd named herein, including the promotion by the Company of Marvel Gold Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Marvel Gold looking to unlock value of its advanced graphite project in Tanzania

Marvel Gold Ltd’s (ASX:MVL) Phil Hoskins tells Proactive's Andrew Scott they've received numerous investor enquiries about its 100%-owned Chilalo graphite project and they're now looking at the best pathway to maximise value for Marvel shareholders - including a possible demerger and IPO. He...

2 weeks, 4 days ago

2 min read