Marvel Gold Ltd (ASX:MVL) has identified multiple north-south trending geological structures with a gradient array induced polarisation (GAIP) survey at the Kolondieba Gold Project in Mali.
The survey gathered data on an area of 12 square kilometres within the tenure, including target areas that previously returned gold grades of up to 2.35 g/t in auger drilling.
Three priority targets
The company has selected three targets for follow-up exploration:
- Target (NYSE:TGT) one is the southernmost target, where auger drilling produced grades up to 2.35 g/t. The survey results indicate anomalous gold values in a north-south orientation, with the largest anomalous gold zone striking over 1 kilometre with a width of up to 200 metres.
- Target two is a central target with a similar orientation. Mineralisation appears to be strongest on the central line of this anomaly, with more fieldwork required to explore the true extent of the target area.
- Target three is highly conductive, encapsulating most of the anomalous gold in auger values. Eight auger lines were drilled over this target with each auger line encountering anomalous gold and with a peak value of 1.54 g/t.
Locations of Gradient Array IP Survey and significant auger results.
Gaining geological context
“We are pleased with the results of the Gradient Array IP survey at Kolondieba which have worked very well to map the underlying lithology and structure and give further context to our highly anomalous auger drilling results,” Marvel Gold managing director Chris van Wijk said.
“The survey has highlighted a strong north-south oriented structural fabric which was not evident in the magnetics.
“A number of geophysical anomalies have been defined which correlate well with the auger results and require follow-up work.
“Kolondieba is a strategic project for Marvel being located approximately 60 kilometres northeast of Tabakorole, which hosts an existing mineral resource of one million ounces and also proximal to the Morila mine.”
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