Marvel Gold Limited (ASX: MVL) has uncovered gold in multi-element soil geochemistry carried out at the Kolondieba Gold Project, located in southern Mali.
The Project is held under a joint venture with Oklo Resources in which Marvel holds an 80% interest. During November 2021, the company collected approximately 1,300 soil samples as part of its maiden exploration programme at Kolondieba.
The main objective of this programme was to verify the results of historical sampling (carried out by Randgold Resources in the early 2000s) using modern low-detection, multi-element analyses. Randgold Resources encountered a number of high-grade samples containing up to 3.03g/t gold.
The soil geochemistry was extremely successful in that it both spatially verified the historical Randgold results and confirmed the presence of several large, discrete targets exhibiting gold and multi-element anomalism within the regional trend along the Bannifin shear zone.
In addition, one new target has been uncovered, in an area previously unsampled by Rangold.
These soils results have confirmed numerous coherent targets with strong coincident gold and multi-element anomalism over a strike length of around 15km along the major Bannifin Shear Zone,” Managing Director Chris van Wijk said.
“We are particularly encouraged by these results as they confirm and reinforce our original view of the prospectivity of Kolondieba. The historical airborne magnetics provides the structural data to deliver robust targets and increased confidence in our interpretations and are being used to guide a maiden auger drilling programme that is now under way.”
The targets generated from the soil geochemistry at Kolondieba are currently being followed up with auger drilling.