THE DRILL SERGEANT: Firefinch (ASX: FFX) has made the identification of a new satellite deposit at the company’s Morila gold mine in Mali.
Firefinch completed a recent drilling campaign on the K2 prospect that sits within trucking distance of the Morila mine.
Intercepts from the recent K2 drilling include:
23 metres at 1.8 grams per tonne gold from 50m, including 1m at 13.1 g/t gold from 53m;
7m at 3.02g/t gold from 19m and 2m at 10.06g/t gold from 55m;
4m at 2.62g/t gold from 50m; and
7m at 1.71 g/t Au from 11m.
K2, which was quickly promoted to deposit status, sits approximately 25 kilometres north-west of Morila and will be serviced by the proposed Koting haul road.
K2 lies 250 metres south-west of the planned Koting open pit and 1km NE of the company’s recent K3 South discovery, where drilling is currently ongoing.
“Our systematic exploration approach is paying off and generating tangible results for the company,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.
“The identification of the K2 deposit is another great result from our intensive drilling campaign.
“Finding and delineating a new source of oxide feed will provide additional flexibility to our milling options during the next 12 months as we ramp-up production and move towards re-commencement of mining at Morila.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE