Firefinch Increases Viper and N’Tiola Resources
THE DRILL SERGEANT: Firefinch (ASX: FFX) has updated the Mineral Resource Estimates or the Viper and N’Tiola deposits within the company’s Morila gold project in Mali.
The updated Mineral Resource Estimate at Viper stands at 3.23 million tonnes at 1.15 grams per tonne gold for 119,000 ounces of gold, compared to the previous estimate of 1.55 million tonnes at 1.05g/t gold for 52,000 ounces of gold.
This includes 2.47 million tonnes at 1.16g/t gold for 93,000 ounces of gold in the Measured and Indicated categories.
The Viper deposit is approx. 26 kilometres from Morila and is accessed via a haul road from the plant.
Mineralisation at Viper has now been defined over 1.5 kilometres of strike and to depths of 200 metres.
The updated MRE at N’Tiola is 2.9 million tonnes at 1.03g/t gold for 96,000 ounces of gold.
This compares to the previous estimate of 2.43 million tonnes at 1.04g/t gold for 81,000 ounces of gold.
The Mineral Resource includes 2.55 million tonnes at 1.03g/t gold for 84,000 ounces in the Measured and Indicated categories.
The N’Tiola deposit is approx. 25 kilometres from the Morila plant, around 5 kilometres northeast of the Viper deposit and is also accessed via a haul road.
Drilling at N’Tiola in 2021 defined near-surface mineralisation at the northern and southern extremes of the deposit.
Drilling during 2022 will test for extensions to higher grade zones of mineralisation as well as test parallel zones inferred in geological interpretation.
“We set out to develop the satellite pits into a solid and confident source of ore to bridge between the tailings treatment operation that we inherited to full production form the Morila Super Pit,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.
“This investment in drilling has delivered that with now over 200,000 ounces of resource in these two deposits alone and we expect a solid increase in Reserves at these pits to follow.
“We are already delivering ore from Viper as we start to ramp up to full production from Morila.”
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