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Mako Gold completes 19 holes at Tchaga Prospect, assays pending

Mako owns 51% and is operator of the Napié Project alongside ASX major gold producer Perseus Mining.

Mako Gold Ltd - Mako Gold completes 19 holes at Tchaga Prospect, assays pending
Assays due in early December will go towards a maiden JORC resource estimate

Mako Gold Ltd (ASX:MKG) has completed 19 reverse circulation (RC) holes for 2,090 metres at its Tchaga Prospect within the Napié Gold Project in Cote d’lvoire, West Africa.

Assay results are expected in early December.

Drilling is working towards estimating a maiden resource and follows the 27-hole RC program at Tchaga and other regional targets during July 2019.

Previous high-grade intersections being followed up include 28 metres at 4.86 g/t gold.

Drill results to date have confirmed the presence of multiple gold mineralised zones along a strike length of 1 kilometre.

Mako’s managing director Peter Ledwidge said: “We are pleased that our latest drilling program was completed in a timely fashion, thanks to the efficiency of our team and drilling contractor.

“Mako looks forward to providing assay results, which we expect to have by early December.”

Mako earning into project from Perseus

Mako’s flagship project is the Napié Project is located in north-central Côte d’Ivoire where it is earning up to a 75% interest.

ASX-listed major gold producer Perseus Mining Ltd (ASX:PRU) currently owns 49%.

Infill drilling for maiden JORC resource

The July drill program was designed to extend mineralisation outlined over a 500-metre strike length in previous drill programs on the Tchaga Prospect.

The results returned from drilling doubled the strike extent of gold mineralisation to 1 kilometre.

Drilling to date has confirmed the presence of multiple gold mineralised zones along a strike length of one kilometre.

This recent drill program focused on infill drilling at Tchaga for the purposes of establishing a JORC compliant gold resource.

Met work shows 94.7% gold recoveries

During September 2019, results were reported from cyanidation bottle roll test work completed on 17 samples of primary and oxide mineralisation from Tchaga.

Encouragingly, gold recoveries averaged 94.7% for primary mineralisation and 94.3% for oxide mineralisation.

Quick facts: Mako Gold Ltd

Price: 0.105 AUD

Market: ASX
Market Cap: $27.01 m

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