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Firefinch Increases Viper and N’Tiola Resources

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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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com

 

Web: www.firefinchltd.com

 

Firefinch Drills Old Fashioned Morila Gold Hit

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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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com

 

Web: www.firefinchltd.com

 

Firefinch Hits Further High-Grade Viper Deposit Gold

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THE DRILL SERGEANT: Firefinch Limited (ASX: FFX) released further high-grade results from ongoing drilling at the Viper deposit, part of the company’s 80 per cent-owned Morila gold project in Mali.

Firefinch received the results just as mining operations commenced at Viper following fast track of pre-mining activities including grade control drilling, site clearing and topsoil removal.

Initial mining at Viper is slated to provide oxide feed to the Morila plant, increasing the ore types available for blending and processing.

High-grade results from infill and extensional RC drilling at Viper include:

VIPRC141
9 metres at 15.1 grams per tonne gold from 40m, including 1m at 98.7g/t gold;

VIPRC155
5m at 11.7g/t gold from 108m;

VIPRC146
18m at 2.96g/t gold from 54m, including 3m at 10.6g/t gold;

VIPRC156
2m at 12.5g/t gold from 70m; and

VIPRC142
4m at 6.36g/t gold from 81m.

“We continue to generate excellent results from drilling the Viper system, which have enabled better definition of the deposit’s higher-grade zones,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.

“Clearly these zones are key to mining and the next step is the commencement of mining operations in the southern part of the deposit.

“Importantly, Viper will add oxide ore to complement the Morila Pit 5 mining operations.

“Plans are in place to expedite mining and haulage of this ore to be part of the plant feed from mid-September and increase near-term gold production.

“The fast-tracking of Viper is another example of the effort our on-site team has put in to delivering the ramp-up plan at Morila.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com.au

 

Web: www.firefinchltd.com.au

 

Firefinch Scores Further High-Grades at Viper Deposit

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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:

VIPRC121
6 metres at 11.34 grams per tonne gold from 74m, including 2m at 29.2g/t gold;

VIPRC120
9m at 6.78g/t gold from 54m, including 1m at 36.9g/t gold;

VIPRC120
1m at 36.5g/t gold from 51m;

VIPRC119
6m at 9.69g/t gold from 60m, including 1m at 15.9g/t gold;

VIPRC116
7m at 5.07g/t gold from 64m, including 1m at 19.7g/t gold;

VIPRC108
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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com

 

Web: www.firefinchltd.com

 

Firefinch Declares K2 as New Morila Satellite Deposit

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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:

KOTRC112
23 metres at 1.8 grams per tonne gold from 50m, including 1m at 13.1 g/t gold from 53m;

KOTRC115
7m at 3.02g/t gold from 19m and 2m at 10.06g/t gold from 55m;

KOTRC085
4m at 2.62g/t gold from 50m; and

KOTRC110
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

 

Email: info@firefinchltd.com

 

Web: www.firefinchltd.com

 

Firefinch Commissions Morila Comminution Circuit

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THE DRILL SERGEANT: Firefinch (ASX: FFX) has continued to maintain the pace of development at the company’s Morila gold project in Mali.

Firefinch announced that commissioning of the comminution circuit at the Morila gold mine has commenced using feed from Morila Pit 5 and stockpiles.

The comminution circuit commissioning is the second stage of the company’s ramp-up strategy, under which open pit mining of Morila’s satellite pits is forecast to increase production from approximately 50,000 ounces of gold in 2021, to approximately 120,000 ounces in 2022.

“It was only last week that I expressed our excitement about commencing mining operations at Morila Pit 5,” Firefinch managing director Dr Mike Anderson said in the company’s ASX announcement.

“Now the team are commissioning the comminution circuit, and Morila Pit 5 ore will be fed today.

“What an outcome, and what tremendous momentum we have.

“Pleasingly the work has again been undertaken safely, by Malian contractors with local workforces, on time and on budget.”

Since acquiring the Morila Gold Mine in November 2020, Firefinch has implemented a program of work to refurbish key steel structures in the comminution circuit, prepare the crushers, screens and all components of the plant for operation.

Approximately U$2.5 million dollars has been spent on the refurbishments, with all work having been undertaken by Malian owned and operated contractors, and their local workforces.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com

 

Web: www.firefinchltd.com

 

 

Firefinch Claims K3 Gold Discovery

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THE DRILL SERGEANT: After spending time with The Resources roadhouse at the 2021 RIU Sydney Resources Roundup, Firefinch (ASX: FFX) announced discovery of a new, very high-grade zone within the company’s 100 per cent owned Finkola permit, part of the Massigui project in Mali.

Firefinch claimed the discovery 250 metres south of the K3 prospect within the Finkola permit.

K3 is close to the N’Tiola, Viper and Koting satellite deposits and is located 20 kilometres from the company’s 80 per cent-owned Morila gold mine.

The recent drilling at K3 intersected the best gold intersection drilled to date by Firefinch across either the Morila or the Massigui gold projects, returning:

KOTRC128
21 metres at 13.45 grams per tonne gold from 110m.

The intersection includes two high grade zones of:

4m at 46.5g/t gold from 114m; and
3m at 16.1g/t gold from 121m.

“I’m told that this is the best intercept Firefinch has drilled to date,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.

“Of course, we are only just getting started, but what a fantastic early result from our drilling campaign.

“Finding and delineating a new potential source of oxide mill feed, on a tenement that is already moving through the process of gaining an exploitation license, will provide additional flexibility to our mill start up.

“We look forward to keeping our shareholders updated as further results come to hand.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com.au

 

Web: www.firefinchltd.com.au

 

Firefinch Increases Global Mineral Resources at Morila

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THE DRILL SERGEANT: with one day to go before the RIU Sydney Resources Roundup, Firefinch (ASX: FFX) announced an upgrade to the Mineral Resources for the satellite deposits within the company’s Morila gold project in Mali.

Firefinch completed the Mineral Resources estimates including all available drilling, including historical and over 30,000 metres of Firefinch drilling completed this year that involved 19,000m of drilling at N’Tiola, Viper, and Pit 5 and over 11,000m on the adjacent Massigui project, (principally Koting).

The updated Measured, Indicated and Inferred Mineral Resources for the satellite deposits are:

6.2 million tonnes at 1.09 grams per tonne gold for 218,000 ounces of contained gold.

This compares favourably to 2.5 million tonnes at 1.38g/t gold for 113,000 ounces that was released in the previous Mineral Resource announced in November 2020.

The latest update results in an increase in Morila’s Global Mineral Resource to:

50.5 million tonnes at 1.5g/t gold for 2.43 million ounces of contained gold.

“This is an excellent outcome,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.

“We aimed to have sufficient satellite feed available to support operations in the lead up to accessing ore from the Morila Super Pit, and we have delivered.

“Our investment in intensive drilling across the known deposits has paid off with this substantial increase in Satellite Resources.

“Importantly, we have a significant inventory of Measured and Indicated Resources on which to base our forthcoming Life of Mine Plan, the blueprint for the production ramp-up at Morila.

“Drilling is continuing and we are confident of adding further resources and reserves.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com

 

Web: www.firefinchltd.com

 

 

Firefinch Achieves High Grade Results from Drilling at Satellite Deposits

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THE DRILL SERGEANT: Firefinch (ASX: FFX) announced further infill and extensional drilling results from the Morila Pit 5 and Koting satellite deposits within the company’s Morila gold project in Mali.

Firefinch said the results will be included in Mineral Resource estimates for these two deposits.

Recent RC drilling at Morila Pit 5, includes:

SE77
19 metres at 4.14g/t gold from 40m;

SE74
19m at 4.37g/t gold from 64m, including 7m at 7.53g/t gold;

SE54
14m at 4.23g/t gold from 30m, including 2m at 19.7g/t gold; and

SE51
8m at 5.22g/t gold from 5m, including 2m at 18.2g/t gold.

Intercepts from infill drilling at Koting include:

KOTRC067
5m at 11.2g/t gold from 95m;

KOTRC065
8m at 4.58g/t gold from 30m; and

KOTRC058
7m at 4.33g/t gold from 29m.

“The results from Pit 5 are impressive and especially exciting given their location on the edge of the Morila Super Pit, right next to our plant,” Firefinch managing director Dr Michael Anderson said in the company’s ASX announcement.

“When you consider that Pit 5 is just one of multiple areas within our 685 square kilometres of tenure that has not been previously mined, it gives you a sense for the scale of the opportunity that we have ahead at Morila.

“We are working hard to complete the Mineral Resources for these prospects for input into the forthcoming Life of Mine Plan.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@firefinchltd.com

 

Web: www.firefinchltd.com