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Mako Gold Ltd

Mako Gold hits up to 7.55 g/t gold as it extends Napié zone to 1-kilometre

The company is planning follow-up drilling after the wet season, which usually ends in November in Cote d’lvoire.

Mako Gold Ltd - Mako Gold Ltd intersects up to 7.55 g/t gold in recent RC drilling program at Napie in Cote d’lvoire
Mako currently holds a 51% interest in the permit and is operator of the project

Mako Gold Ltd's (ASX:MKG) positive results from a recent 27-hole reverse circulation (RC) drill program at the Napié project in Cote d’lvoire have further lifted the company’s confidence of outlining a gold resource.

Assay results have been received from the remaining 11 holes with individual 1-metre assays returning up to 7.55 g/t gold.

Eight of the 11 RC holes were drilled on Tchaga prospect with three holes drilled to test a regional target between the Tchaga and Gogbala prospects.

Positive results from the program have extended the gold mineralised zone at Tchaga to a strike length of 1-kilometre.

Farm-in agreement

The company is earning a 75% interest in the project under a farm-in and joint venture agreement with Occidental Gold SARL, a subsidiary of West African gold miner Perseus Mining Ltd (ASX:PRU).

Mako’s managing director Peter Ledgewidge said: “We are thrilled to have outlined 1 kilometre of strike length of gold mineralisation in our latest drilling campaign.

“We are focusing on the big picture and feel confident that Mako can move quickly towards a resource on the Tchaga prospect.

“To this end, we hope to be drilling again on the Tchaga prospect shortly after the end of the wet season.

“Mako looks forward to providing updates on drilling plans on both the Napié project and the Niou project in Burkina Faso.”

Assays from the remaining eight holes of the Tchaga prospect returned narrow gold intersections and clearly identified an area which the company will focus on in its endeavour to outline a gold resource with further drilling.

Drilling results with select previous results and priority drilling target

Assays were also received for three RC drill holes along one drill fence between Tchaga and Gogbala prospects, with two of the three drill holes intersecting gold and best intersections of 1-metre at 1.48 g/t and 1 metre at 1.27 g/t.

While no substantial width of gold mineralisation was intersected, these drill holes confirm there is gold mineralisation along this section of the 17-kilometre-long shear.

Follow-up drilling

Mako is planning a follow-up program after the wet season, which usually ends in November in Cote d’lvoire, with the aim of moving towards a JORC-compliant resource.

The company will be focusing its effort on further drilling on the Tchaga prospect and infill drilling between sections as well as extending the strike-length and width of mineralisation.

Quick facts: Mako Gold Ltd

Price: $0.08

Market: ASX
Market Cap: $6.37 m
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Mako Gold to test high-priority gold targets in drilling program at Cote...

Mako Gold Ltd (ASX:MKG) managing director Peter Ledwidge speaks to Proactive Investors about the restart of drilling at the explorer's Napie project in Cote d’Ivoire in West Africa, with 3,600 metres of reverse circulation drilling planned.   Drilling follows previous multiple,...

on 29/5/19

3 min read