viewMako Gold Ltd

Mako Gold intersects wide, high-grade gold in maiden drilling program at Côte d’Ivoire

Individual assays returned values up to 51 g/t gold with significant widths of up to 26 metres.

Visible gold at 65.5 metres downhole
Visible gold at 65.5 metres downhole

Mako Gold Ltd (ASX:MKG) has received assay results from its maiden reverse circulation (RC) drilling program at the Napié Project in Côte d’Ivoire.

The company is earning up to a 75% interest in the Napie Project under a farm-in and joint venture agreement with a subsidiary of West African gold miner Perseus Mining (ASX:PRU).

Mako has received assay results from the first 20 RC holes testing 5 of the 9 high-priority targets at the Napié Project, with significant drill intersections including:

• 8 metres at 8.53 g/t gold from 31 metres; including 2 metres at 30.17 g/t gold with visible gold observed; and

• 26 metres at 3.85 g/t gold from 52 metres including 4 metres at 8.28 g/t gold from 52 metres.

Potential to host an economic gold deposit

Mako managing director Peter Ledwidge said: “We are extremely pleased with the initial results from the company’s maiden drilling program at the Napié Project, especially since the results received to date are from less than one third of the planned drilling program and are from broadly spaced drill holes along the 23 kilometre long gold geochemical anomaly.

“The high-grade assays over significant widths increase our confidence in the potential of the Napié Project to host an economic gold deposit.”

Individual assays returned values up to 51 g/t gold

Significant gold mineralisation was intersected from the drill holes within Targets E and F, referred to as the Tchaga prospect.

This includes high-grade results from multiple, wide-spaced drill holes over the 5-kilometre-long trend.

Individual assays returned values up to 51 g/t gold. Significant widths of up to 26 metres were intersected in several drill holes.

Mako is planning to commence follow-up drilling of the high-grade gold intersections at the Tchaga prospect.

The focus of follow-up RC drilling will be the multiple untested soil anomalies along strike and parallel to the current high-grade gold intersections within the Tchaga prospect.

Quick facts: Mako Gold Ltd

Price: 0.115 AUD

Market: ASX
Market Cap: $19.17 m

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