THE DRILL SERGEANT: Firefinch (ASX: FFX) could hardly wait to report results of the first drillhole at the Morila Super Pit, part of the company’s 80 per-cent owned Morila gold project in Mali.
Firefinch’s excitement stemmed from diamond hole MRD0001, that returned:
10.5 metres at 30.4 grams per tonne gold from 309.2m.
Firefinch said the continuity of high-grade mineralisation encountered outside the current Morila Super Pit resource model demonstrates potential for underground mining with initial studies already in progress.
The company is currently waiting on assays for a second drillhole MRD0002, drilled adjacent to MRD0001.
“We were looking for a repeat of the historical high grades in the Morila Super Pit and it’s taken us just one hole to demonstrate that ‘Morila the Gorilla’ is far from done,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.
“This is simply an incredible result from our first diamond core drillhole, which confirms not only the continuity of high-grade mineralisation below the previously mined pit, but also the significant potential for underground mining at Morila.
“This first drillhole is just the beginning; we look forward to ramping up our drilling efforts and to providing a steady flow of results from which to update the Mineral Resource and further optimise the Life of Mine Plan.”
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