Marvel Gold drilling campaign targets resource growth at Tabakorole project
Drill results from Tabakorole will be combined with earlier assays to underpin a resource upgrade in September.
Junior explorer Marvel Gold (ASX: MVL) has received assay results for six holes in a 3,400m diamond drilling program targeting resource growth at the central and north-west zones of its Tabakorole gold project in southern Mali.
Drilling over 1,128m delivered a best intercept of 13m at 2 grams per tonne gold which was drilled down-dip of an intercept of 22m at 1.8g/t.
Other results were 4m at 3.9g/t from 110m; and 4m at 2.8g/t from 29m.
Diamond work at Tabakorole aims to infill mineralisation previously drilled in the central zone and add definition to the northwest zone, where assays in March included 16m at 2g/t gold from 75m and 6m at 5.8g/t gold from 61m.
The results will be combined with an earlier reverse circulation campaign over 5,400m and a 900m diamond program to feed into an upgraded JORC resource expected in September.
New mineralisation
Aircore drilling also encountered new gold mineralisation approximately 3km to the south-east of the Tabakorole resource with results of 4m at 1.3g/t from 8m and 4m at 2.7g/t from 20m.
It was targeted in an area of moderate gold-in-soil anomalism due to a historical hole drilled in 2005 which intersected 12m at 1.2g/t gold and was never adequately followed up.
Marvel managing director Phil Hoskins said the new mineralisation would be “highly encouraging for the region’s prospectivity” and for the likelihood of making additional discoveries to complement the growing resource at Tabakorole.
“This demonstrates that gold is now proven to exist in at least two places on the Tabakorole permit outside of our existing resource,” he said.
“These zones of mineralisation – together with numerous targets generated through soils and geophysics programs – continue to reinforce the prospectivity of our growing landholding and give us confidence in making additional discoveries going forward.”
Joint venture set-up
The Tabakorole project is held through wholly-owned licences and two separate joint ventures with Oklo Resources (ASX: OKU) (known as the Oklo joint venture, where Marvel has an 80% interest); and with Altus Strategies (known as the Altus joint venture, where Marvel has 51%).
The project has a JORC mineral resource of 910,000 ounces grading 1.2g/t gold with significant growth prospects along strike and via regional prospectivity over a 392 square kilometre landholding.