https://www.miningweekly.com
Gold|PROJECT|Resources|Drilling|Operations
Gold|PROJECT|Resources|Drilling|Operations
gold|project|resources|drilling|operations

More ounces added at Morila

3rd May 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Firefinch has increased the global mineral resource at its Morila project, in Mali, to 2.43-million ounces of contained gold, following mineral resource estimates for a number of satellite deposits.

The ASX-listed company has increased the mineral resource estimate for its satellites by 80%, to 218 000 oz of contained gold, with a 164% increase in the measured and indicated categories, which are now estimated at 190 000 oz of contained gold.

Firefinch told shareholders on Monday that the mineral resource estimate included up to 30 000 m of drilling completed this year, and would enable the finalization of ore reserves and a life-of-mine plan, which will be released early in May.

“This is an excellent outcome. We aimed to have sufficient satellite feed available to support operations in the lead up to accessing ore from the Morila super pit, and we have delivered,” said Firefinch MD Dr Michael Anderson.

“Our investment in intensive drilling across the known deposits has paid off with this substantial increase in satellite resources. Importantly, we have a significant inventory of measured and indicated resources on which to base our forthcoming life-of-mine plan, the blueprint for the production ramp-up at Morila.

“Drilling is continuing and we are confident of adding further resources and reserves,” he added.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.101 0.137s - 93pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: