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Mako Gold intersects significant gold mineralisation at Napié project

Follow-up drilling will test the identified mineralisation and geochemical anomalies.

thumbs-up coloured with flag of Cote d'Ivoire
The Napié project is in the West African country of Côte d’Ivoire

Mako Gold Ltd (ASX:MKG) has intersected significant widths and grades of gold mineralisation from all three of its southern high priority targets at the Napié project in Côte d’Ivoire.

Mako is earning up to a 75% interest in the project under a farm-in and joint venture agreement with Occidental Gold SARL, a subsidiary of Perseus Mining Ltd (ASX:PRU; TSX:PRU).

New mineralised zone potentially up to 4 kilometres in length

Mako had previously identified the targets for drill testing based on multiple coincident anomalies, including soil geochemistry, historical RAB drilling and the presence of artisanal works.

Testing of the remaining targets is ongoing, with assay results received for 36 of 52 RC holes drilled.

Significant intersections from the completed southern targets include: 8 metres at 2.12 g/t gold from 29 metres, including 1 metre at 8.29 g/t; 4 metres at 4.42 g/t from 64 metres; 4 metres at 3.81 g/t  from 40 metres; and 11 metres at 2.32 g/t from 51 metres, including 1 metre at 7.03 g/t.

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

Mako Gold managing director Peter Ledwidge said the company was pleased with the assay results, with significant widths and gold grades returned from initial wide-spaced drilling at the targets.

Ledwidge said: “These latest results once again boost our confidence in the prospectivity of the 23-kilometre-long gold geochemical anomaly within the Napié project and we look forward to reporting further results from the follow-up drilling in the weeks ahead.”

Following the end of the wet season, Mako plans to test the 23 kilometres of gold soil/auger anomalies along strike and at depth of the mineralisation identified from the reported results.

Quick facts: Mako Gold Ltd

Price: 0.115 AUD

Market: ASX
Market Cap: $19.17 m

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