Firefinch Limited : - Morila Operations and Drilling Update

Firefinch Limited (ASX: FFX) (Firefinch or the Company) is pleased to provide an update on the Company's operations at the Morila Gold Project.

Production during the September 2021 quarter (Q3) totalled 12,149 ounces of gold, with notable milestones including the start of mining at the Viper Deposit and, in the last few days, the commencement of haulage of ore from Viper to the Morila process plant.

An intensive drilling programme continues with 5 drill rigs currently in operation. Of these, 4 rigs are drilling at the Morila Deposit (3 Diamond Drill rigs and 1 Reverse Circulation (RC) rig). Drilling is focussed on following up recent and historical high-grade intercepts such as 10.5 metres at 34.0g/t gold in MRD0001, as well as improving delineation of mineralisation within initial mining areas to the west.

Firefinch's Managing Director, Dr Michael Anderson, commented: 'We are very pleased with progress at our Morila operations, which continue to advance towards our goal of achieving more than 100,000 ounces of gold production in 2022. While our Q3 production was impacted by the wet season, the continued improvement in grade, recovery and the commencement of mining at the satellite pits provides a solid platform for next year. It is also very encouraging that our drilling continues to intersect significant mineralisation, as well as highlighting high-grade targets for follow up. We are also pleased to announce our collaboration with MSALABS, a subsidiary of Capital Limited, to build a new laboratory facility at Morila, including the innovative Chrysos PhotonAssay process. High quality laboratory services are a key part of managing and maintaining best practice processes and this new facility is aimed at helping us to achieve that. We have a strong relationship with Capital and we look forward to commissioning of the laboratory in the coming weeks.

Jamie Boyton, Executive Chairman Capital Limited, commented: 'We are very pleased with the announcement of this new laboratory services contract for our subsidiary MSALABS. As an early investor in Firefinch, our relationship expanded with the successful drilling programs undertaken at the Morila Gold Mine utilising five Capital rigs. It is exciting to see this partnership further strengthen with the laboratory services contract, which expands our service offering on site and sees us introduce the first Chrysos PhotonAssay unit into West Africa. This is widely regarded as ground-breaking technology for the industry and will deliver significant benefits to Firefinch as their mining operations continue to ramp up.'

Contact:

Dr Michael Anderson

Tel: [phone]

Email: [e-mail]

(C) 2021 Electronic News Publishing, source ENP Newswire