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AFRIcA DoWn UnDeR PReVIeW

A Marvel-lous year in Mali

n imminent resource upgrade and the licences and we now have over 1,000sq with Hoskins confident the new resource
Aproposed spin-out of its Tanzanian km across five different projects,” will comfortably exceed the 1 moz bar-
graphite interests have capped a trans- Hoskins told Paydirt. rier which is typically used as a bench-
formative 12 months for Marvel Gold Ltd. “We’ve grown the resource over 50%, mark for economic gold deposits.
Last month marked exactly one year increased the grade over 20% and really “We’ll grow the strike length a couple
since the company was reinstated to the set ourselves up for the next 12 months. of hundred metres in both directions –
ASX and rebranded as a dedicated West Since our last resource update, we’ve both north-west and south-east strike
African gold explorer. Despite the obvi- drilled another 9,000m, done some met extensions – and we’ve also hit parallel
ous challenges associated with explor- test work at the main project, collected zones within the existing deposit outside
ing abroad during the pandemic, Marvel over 10,000 regional soil samples and the previously modelled mineralisation,
is looking to next month’s scheduled re- completed high-resolution geophysics so we’re confident the resource upgrade
source update for its Tabakorole project over a few hundred square kilometres.” will easily push it past 1 moz,” he said.
in Mali as the perfect way to commemo- Tabakorole has emerged as the likely “There’s still many opportunities in and
rate its first anniversary. flagship asset in Marvel’s new-look gold around that resource area for resource
Marvel’s full transformation will be portfolio. When the company picked up growth going forward, but in the next 12
completed later this year when its long- the project this time last year, it came months we are going to be allocating a
standing Chilalo graphite project in Tan- with a resource of 594,000oz @ 1 g/t. lot of drilling expenditure to making re-
zania is spun out via the upcoming IPO That estimate has since been in- gional discoveries as well.”
of Evolution Energy Minerals Ltd. creased to 910,000oz @ 1.2 g/t follow- Hoskins said while the company be-
Reflecting on the past year, managing ing a small drilling programme last year lieved adding ounces at Tabakorole
director Phil Hoskins said Marvel’s list of which was based on 11,000m of histori- would deliver “the best bang for buck” for
achievements had positioned the com- cal results that were surprisingly never its shareholders, he is also excited about
pany nicely for its next phase of growth incorporated into the resource. exploring Marvel’s other projects in Mali,
in Mali. Next month’s update will include more including those acquired from fellow
“We started with 124sq km across two than 9,000m of RC and diamond drilling, ASX-listed junior Oklo Resources Ltd.

29 30 30 28
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