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Mako Gold in trading halt with capital raising news pending

The company recently completed a drilling program at the Napié Gold Project in Cote d’lvoire, West Africa.

Mako Gold Ltd - Mako Gold in trading halt with capital raising news pending
The results have confirmed the presence of multiple gold mineralised zones

Mako Gold Ltd (ASX:MKG) has been granted a trading halt by the ASX with an announcement pending in relation to a proposed capital raising.

The trading halt will remain in place until the beginning of normal trading on Thursday, December 12, 2019, or when an announcement is released to the market, whichever occurs earliest.

Napié gold drilling

The company recently 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.

Quick facts: Mako Gold Ltd

Price: 0.035 AUD

ASX:MKG
Market: ASX
Market Cap: $3.52 m
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Full interview: Mako Gold assay results prove exceptional from latest RC...

Mako Gold Ltd (ASX:MKG) managing director Peter Ledwidge updates Proactive on exceptional gold assay results from the company’s latest RC drilling program on the Tchaga Prospect at the Napie Project in Cote d’Ivoire. Drilling intersected multiple wide zones of gold mineralisation. Ledwidge...

on 5/12/19

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