Firefinch inundated with gold hits, fattens up ‘Morila the Gorilla’
Firefinch has struck upon more high-grade gold from drilling at the Morila super pit in West Africa.
But the standout is drillhole MRD0018, which could represent a new zone of mineralisation well outside the main pit and separated from the lodes previously mined, and intersected:
The current open pittable resource at Morila is 1.86 million ounces of gold comprising 38.6 million tonnes at 1.50 g/t gold (21.2 million tonnes at 1.60g/t gold in the indicated category, and 17.5 million tonnes at 1.37g/t gold in the inferred category).
And Firefinch (ASX:FFX) MD Dr Michael Anderson said these latest results confirm the potential to grow that resource right out.
“We expect to update the resource and the Stage 1 mine plan for the Morila Super Pit in the coming months,” he said.
“Our team is continually updating the geological model to allow follow up drilling to be rapidly implemented utilising the three diamond core drill rigs currently operating at Morila.”
The mineral resource update will enable the Stage 1 pit design and 2022-2023 mining schedule to be refined.
Ongoing drilling will test extensions to high grade zones recently intersected on both the western and eastern sides of the mine.
And the company is also investigating the potential for underground mining at the project
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.