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Marvel Gold’s strong assays to feed into upgraded resource … more results to come

“These new zones of higher-grade mineralisation sit outside of the previously modelled resource and should contribute significantly towards our upgraded resource due in September,” says MD.

Marvel Gold Ltd - Marvel Gold’s strong assays to feed into upgraded resource … more results to come
Broad, high-grade gold results have been returned from the Tabakorole JV permit.

Marvel Gold Ltd (ASX:MVL) has received results from its final five diamond drill holes from a recently completed diamond drilling program at Tabakorole Gold Project in southern Mali.

Today’s results are specific to the Tabakorole permit which forms part of Marvel’s joint venture with UK-listed Altus Strategies PLC (AIM:ALS, TSX-V:ALTS). Marvel holds a 51% interest and with recently completed work programs is nearing a 70% interest.

Results confirm the strike continuity of previous shallow, high-grade intercepts in the 2021 drill campaign.

The best intercepts from today’s reported results include:

  • 21 metres at 2.6 g/t gold from 70 metres and 7 metres at 1.0 g/t from 119 metres; and
  • 9 metres at 1.3 g/t from 8 metres and 8 metres at 1.9 g/t from 80 metres.

Outside resource

“We are very excited by the continued shallow, higher-grade results being achieved at our central zone drilling,” managing director Phil Hoskins said.

“These new zones of higher-grade mineralisation sit outside of the previously modelled resource and should contribute significantly towards our upgraded resource due in September.”

Drilling was undertaken at Tabakorole’s central zone, where Marvel has identified multiple shallow intercepts outside the previously modelled resource.

Upgraded resource next month

Today’s results are expected to enhance the volume and grade of the resource in this area with an upgraded resource estimate due in September.

Marvel completed 5,400 metres of RC drilling and 900 metres of diamond drilling targeting resource growth in the early months of 2021.

More recently, Marvel completed 3,240 metres of diamond drilling to follow up earlier encouraging results in the central zone and improve the understanding of the north-west zone.

Drill results have been received for the final 997 metres of drilling in the central zone with the best new intercept being 21 metres at 2.6 g/t gold from 70 metres in hole 21TBKDD014.

Other strong intercepts from Marvel’s 2021 drill program into that zone have included:

  • 22 metres at 1.8 g/t from 77 metres;
  • 12 metres at 2.1 g/t from 18 metres and 18 metres at 1.9 g/t from 53 metres; and
  • 13 metres at 2.0 g/t from 174 metres.

The recent drill results in the central zone vastly exceed the results underpinning the September 2020 mineral resource estimate.

More results to come

Marvel is now waiting on results from seven diamond drill holes for 1,115 metres in the north-west zone, where previous drilling encountered 16 metres at 2.0 g/t from 75 metres and 6 metres at 5.8 g/t from 61 metres.

Results are due in coming weeks and these will feed into the upgraded mineral resource estimate.

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Marvel Gold says 2021 drilling has confirmed resource growth potential at...

Marvel Gold Ltd (ASX:MVL)'s Phil Hoskins tells Proactive's Andrew Scott they've confirmed a shallow, higher-grade parallel lode of mineralisation from a resource expansion drill program at its Tabakorole Gold Project in southern Mali. The company has recently received assays for the final eight...

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