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Marvel Gold resumes fieldwork at Kolondieba after wet season with geophysical survey

Published 16/11/2022, 09:11 am
Marvel Gold resumes fieldwork at Kolondieba after wet season with geophysical survey
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Marvel Gold Ltd (ASX:MVL) is back on the ground at Kolondieba Gold Project in southeast Mali with a high-resolution Gradient Array Induced Polarisation (GAIP) geophysical survey underway.

This GAIP survey will cover an area of 12 square kilometres and include targets where the results of previous auger drilling included peak values of 1.9 g/t, 2 g/t and 2.35 g/t gold.

The objective is to define chargeability and resistivity highs to assist in the identification of gold-mineralised bedrock-hosted sulphides and silicification and/or quartz-veining.

“Quick and cost-effective”

Marvel's managing director Chris van Wijk said: “We are pleased to have recommenced fieldwork following the wet season.

"Our immediate priority is to follow up the encouraging results of auger drilling at Kolondieba, which together with our own multi-element soil sampling indicate the presence of a mineralised system.

"This GAIP survey is a quick and cost-effective method that provides additional data to support the identification and prioritisation of targets for drilling.

Located approximately 60 kilometres northeast of Tabakorole, which hosts an existing mineral resource of one million ounces, Kolondieba is a strategic project for Marvel.”

Location of Marvel Gold’s projects in Mali.

To follow auger drilling

Marvel carries out a maiden auger drilling program at Kolondieba during the June quarter of 2022 to follow up on the results of soil sampling.

There were multiple holes that intersected gold mineralisation with significant intercepts including:

  • 2.35 g/t gold in auger hole 22KDBAG1337;
  • 1.54 g/t in auger hole 22KDBAG1474;
  • 1.68 g/t in hole 22KDBAG0646;
  • 1.65 g/t in hole 22KDBAG1027; and
  • 2.01 g/t in hole 22KDBAG1039.
Three standout targets

This auger drilling identified three standout targets with each yielding significant gold anomalism over 1 kilometre of strike length and several hundred metres across. These three targets will be the focus of the GAIP survey.

The survey will be completed with 100-metre line spacing and 25-metre station spacing along those lines and is expected to take around one month to complete.

Together with the auger drilling results, the GAIP survey findings will be used to plan deeper follow-up reverse circulation (RC) or diamond drilling as appropriate.

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