Join our daily newsletter At The Bell to receive exclusive market insights
- Marvel Gold (MVL) identifies multiple drill ready targets at the Tabakorole Gold Project in southern Mali
- These targets were identified via a soil sampling program which collected 4267 samples as part of an ongoing regional exploration program
- All samples were subject to fire assay for gold and ultra-low detection to determine the pathfinder element anomalism
- Around 40 targets have been identified and will now be subject to drilling programs
- Marvel has ended the day 6.12 per cent in the green with shares trading at 5.2 cents
Marvel Gold (MVL) has identified multiple drill ready targets at the Tabakorole Gold Project in southern Mali.
The Tabakorole Project lies roughly 230 kilometres south of the capital city of Bamako and consists of four tenements spanning 375 square kilometres.
These targets were identified via a soil sampling program which collected 4267 samples as part of an ongoing regional exploration program.
All samples were subject to fire assay for gold and ultra-low detection to determine the pathfinder element anomalism.
Pulp samples were then analysed using x-ray fluorescent to determine the signature of the project.
Around 40 targets have been identified and will now be subject to drilling programs.
“We are proud to have completed such as extensive regional exploration program in our first field season. We already have a large and growing resource at Tabakorole, expected to exceed one million ounces when upgraded following this season’s drilling,” Managing Director Phil Hoskins said.
“These soil results reinforce that prospectivity, delineating numerous targets with strong coincident multi-element anomalism across the 392 square kilometre landholding, including several Tabakorole ‘lookalike’ signatures.
“The high-resolution ground magnetics provides the structures data to deliver robust targets and increased confidence in making new discoveries.”
Marvel has ended the day 6.12 per cent in the green with shares trading at 5.2 cents in a $24.92 million market cap.
