Firefinch Scores Further High-Grades at Viper Deposit

THE DRILL SERGEANT: Firefinch (ASX: FFX) reported drilling results received from the Viper deposit, part of the company’s 80 per cent-owned Morila gold project in Mali.

The results come hot on the heels of the company’s second gold pour, completed earlier this week, at Morolia.

The Viper deposit, located approximately 27 kilometres north-west of Morila, has a crammed history, beginning in 2000 through o 2009 under the ownership of Randgold that carried out the first drilling.

Firefinch came to the party in 2013-2015 under its previous name Birimian Gold SARL.

Come 2016 Randgold re-acquired Viper through Société Mines de Morila SA (now owned 80% by Firefinch) and completed infill resource drilling followed by grade control drilling between 2016 and 2018.

Mining at Viper was completed in 2018-2019 with 0.81 million tonnes mined at 1.19 grams per tonne gold gold to produce 31,000 ounces of gold.

In February 2021, Firefinch completed a RC drill program that confirmed continuity of mineralisation below the existing open pit.

Follow up drilling has now been completed to infill the better results from the February program, as well as test extensions to the south and at depth, where mineralisation remained open.

Recent infill and extensional RC drilling at Viper includes:

6 metres at 11.34 grams per tonne gold from 74m, including 2m at 29.2g/t gold;

9m at 6.78g/t gold from 54m, including 1m at 36.9g/t gold;

1m at 36.5g/t gold from 51m;

6m at 9.69g/t gold from 60m, including 1m at 15.9g/t gold;

7m at 5.07g/t gold from 64m, including 1m at 19.7g/t gold;

10m at 3.50g/t gold from 68m, including 1m at 17.3g/t gold.

“These are outstanding results,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.

“The scale of the mineralised system at Viper continues to grow with each drillhole.

“The delineation of surface mineralisation in the southern part of the deposit will provide another source of early oxide feed as we ramp up the Morila plant.

‘The high-grade zones under the pit also suggest that Viper can potentially make a more significant contribution to our near-term mining schedule.

“During my recent visit to site, we discussed and agreed plans to expedite the commencement of mining at Viper.”