Gold

Marvel Gold intercepts high-grade and extensive gold anomalies at Kolondieba

Wed 22 Jun 22, 11:45am (AEST)
Gold Copper 4 Exploration
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Key Points

  • All drill targets at the Kolondieba Project returned significant gold strike length and grades
  • Auger samples will be analysed to assist with further drill targets
  • An IP survey has been planned to define follow-up targets for RC drilling

Auger drilling at the Kolondieba Gold Project, majority owned by Marvel Gold (ASX: MVL), has returned significant bedrock mineralisation across all targets.

The Project is held under a joint venture with Oklo Resources (ASX: OKU), where Marvel holds an 80% interest.

Four targets were tested, all of which exhibited “strong and spatially extensive bedrock gold anomalism”.

There were three standout targets, each yielding significant gold strike length and grades, specifically:

  • Target One: Strike length of over 2km and a width of up to 700m. Six holes returned intercepts with grades greater than 1.0 g/t, with peak grades of 2.35 g/t

  • Target Two: Strike length of 1km with peak grades of 0.74 g/t

  • Target Three: Strike length of approximately 1.6km and a width of 800m. Eight holes returned intercepts of more than 0.5 g/t, with peak grades of 1.54 g/t

“We are extremely pleased with the results of our recent auger drilling campaign at Kolondieba which has multiple holes carrying over 1g/t gold – exceptional results for auger drilling,” said Managing Director Chris van Wijk. 

“We have been systematically de-risking Kolondieba over successive phases of exploration … Kolondieba has all the right ingredients for the next major discovery in the area,” he said. 

Next steps

The auger samples will be analysed by in-house X-ray fluorescence machines to enhance the understanding of Kolondieba's geology and assist with further drilling targets.

An IP survey has been planned for the four auger targets, to help better define follow-up targets for RC drilling.

Marvel Gold was a Market Index client at the time of publishing. All coverage contains factual information only and should not be interpreted as opinion of financial advice.

 

Written By

Kerry Sun

Finance Writer & Social Media

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

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