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- Firefinch (FFX) has received drilling results from work at its Morila Gold Project in Mali as it looks to develop satellite deposits
- At the Pit 5 deposit, located on the margins of the Morila Super Pit, drilling confirmed high-grade mineralisation at the centre of the proposed open pit
- It also identified high grades at the northern extent of the pit, including a hit of 19 metres at 4.14g/t gold
- Meanwhile, the final results from infill drilling at the Koting deposit were received, with better intercepts including five metres at 11.2g/t gold
- Results from both programs will be used to generate a maiden resource estimate for each satellite deposit
- Shares have been trading 2.8 per cent higher at 37 cents
Firefinch (FFX) has received drilling results from work at its Morila Gold Project in Mali as it looks to develop satellite deposits.
The company, formerly known own as Mali Lithium, was rebranded as Firefinch last year upon the acquisition of the gold mine, reflecting its shift in focus.
At the Pit 5 deposit, located on the margins of the Morila Super Pit, drilling confirmed high-grade mineralisation at the centre of the proposed open pit.
It also identified high grades at the northern extent of the pit, including a hit of 19 metres at 4.14g/t gold from 40 metres.
“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,” said Managing Director Dr Michael Anderson.
“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.”
Meanwhile, the final results from infill drilling at the Koting deposit were received, with better intercepts including five metres at 11.2g/t gold from 95 metres.
Results from both programs will be used to generate a maiden resource estimate for each satellite deposit.
Shares have been trading 2.8 per cent higher at 37 cents at 10:07 am AEST.
