Great Find James70,
I really like this section in the report,
Potential for a big discovery:
685km2 land holding in under-drilled Archean terrane
Firefinch’s exploration potential is compelling with a district landholding with one world-class asset and a
conspicuous lack of other discoveries. Compare this to the prolific, but well-drilled and competitively staked
established West-African districts that include the Kedougou Kinieba Inlier (Loulo-Gounkoto, Sadiola, SabodalaMassawa, and Mako), the Hounde Belt (Hounde, Mana, Yaramoko, and Golden Hill), and the Ashanti Belt (Obuasi,
Tarkwa, Damang, Wassa, Asanko, and Prestea). We believe exploration at Morila was constrained by the relative
lack of outcrop, Randgold’s constrained financial position before Morila’s development, and difficulty coordinating
reinvestment in the Randgold-Anglogold Morila JV once in production (Randgold found and developed LouloGounkoto, bought and developed Kibali with AngloGold, and AngloGold suffered near-bankruptcy in 2013-2015).
Though debate exists over categorization of Morila’s deposit type, there are clearly orogenic components present
including metavolcaniclastic and metagreywacke units and evidence of multiple phases of magmatism. This
suggests potential for other major deposits in the area, not unlike the Faleme belt which hosts the Loulo, Gara,
Yalea and Gounkoto multi-million ounce deposits that form the Loulo-Gounkoto mining complex.
Hold them tight people...............very interesting times ahead........................... and our lithium is going to be in huge demand very, very soon
All imo and DYOR
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