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Mako Gold drill results include 36 metres at 3.1 g/t gold at Tchaga Prospect

The results will be used to estimate a maiden JORC resource for a small portion of the Tchaga Prospect.

Mako Gold Ltd - Mako Gold drill results include 36 metres at 3.1 g/t gold at Tchaga Prospect
Mako owns 51% and is operator of the Napié Project and plans to fast-track to 75% ownership

Mako Gold Ltd (ASX:MKG) has received assay results from its 19-hole program drilled at its Tchaga Prospect within the Napié Gold Project in Cote d’lvoire, West Africa.

Highlights from the reverse circulation (RC) program feature 36 metres at 3.09 g/t gold from 43 metres including 8 metres at 6.49 g/t gold.

The drill results to date have confirmed the presence of multiple gold mineralised zones along a strike length that has been extended to 1.4 kilometres.

Drilling intersected multiple broad zones of gold mineralisation with the latest results marked in yellow below.

Notably, to date, gold mineralisation has only been tested to a maximum vertical depth of 120 metres.

Latest results feature longest zones to date

Mako’s managing director Peter Ledwidge said: “Our drilling at the Tchaga Prospect continues to deliver exciting results.

“Our latest drilling program intersected 36 meters of gold mineralisation, which is our largest width to date.

“The repeated wide gold zones we have intercepted to date, combined with the lateral and vertical continuity of gold mineralisation demonstrated through this latest drill program, increases our confidence in our geological modelling and is another step towards outlining a JORC compliance resource.

“We look forward to resuming our drilling activities shortly.”

Drilling set to resume at Tchaga

Mako intends to resume extensional and infill drilling early in the March quarter of 2020 to build on drilling success to date.

Furthermore, significant drill intersections encountered to date elsewhere throughout the permit show potential for more positive gold intercepts in future drilling.

The Tchaga Prospect is associated with a +40ppb gold soil anomaly coincident with a 17+ kilometre-long shear zone, thought to be a major control for gold mineralisation.

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%.

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

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Market: ASX
Market Cap: $24.7 m

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