- Firefinch (FFX) has provided a wide ranging update on the drilling work and production totals at the Morila Gold Project in Mali
- The ASX-lister reports 12,149 ounces of gold have been produced in the September quarter, as it aims for 100,000 ounces across 2022
- Five drill rigs are operating at Morila, while screen fire assay results from the Super Pit increasing the grade of intersection to 10.5 metres at 34 grams per tonne gold
- FFX will soon ramp up open pit mining activities at Satellites, before commencement of pre-stripping at the Super Pit early next year
- Firefinch was trading down 3.10 per cent at 62.5 cents per share
Firefinch (FFX) has provided a wide ranging update on the drilling work and production totals at the Morila Gold Project in Mali.
The ASX-lister reports 12,149 ounces of gold have been produced in the September quarter, as the company aims to produce more than 100,000 ounces across 2022.
FFX will soon ramp up open pit mining activities at Satellites, with two contractors mining the Viper Pit, allowing the Viper pit ore to be fed into the plant.
Once Satellites has been ramped up, Firefinch will commence pre-stripping at the Morila Super Pit early next year.
Five drill rigs are operating at Morila, while screen fire assay results from the Super Pit increasing the grade of intersection to 10.5 metres at 34 grams per tonne (g/t) gold.
Best results from drilling at Morila include 9.2 metres at 3.01 g/t gold from 210 metres, including 3.7 metres at 6.81 g/t gold from 211 metres.
Firefinch’s Managing Director, Michael Anderson, said he was pleased to see the project progressing.
“We are very pleased with progress at our Morila operations, which continue to advance towards our goal of achieving more than 100,000 ounces of gold production in 2022,” Mr Anderson said.
“While our third quarter production was impacted by the wet season, the continued improvement in grade, recovery and the commencement of mining at the satellite pits provides a solid platform for next year.”
“It is also very encouraging that our drilling continues to intersect significant mineralisation, as well as highlighting high-grade targets for follow up.”
On the market this morning, Firefinch was trading down 3.10 per cent at 62.5 cents per share at 10:50 am AEDT.