https://www.engineeringnews.co.za

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

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.053 0.837s - 140pq - 2rq
Subscribe Now