Mako Gold Ltd (ASX:MKG) has been granted two consecutive trading halts by the ASX for the purpose of planning and executing a capital raise.
The trading halt will remain in place until the beginning of trade on Tuesday, August 25, or when an announcement is released to the market, whichever occurs earliest.
High-grade gold results
Mako recently received further high-grade results of up to 13 metres averaging 20.82 g/t gold that demonstrate thick and high-grade mineralisation within 50 vertical metres of surface at Tchaga prospect at the Napié Gold Project in Côte d’Ivoire.
The company has received the next batch of assays from five reverse circulation (RC) holes in an ongoing 10,000-metre RC and diamond drilling program.
Within the 13-metre intersection from 32 metres in hole NARC145 was 9 metres averaging 29.45 g/t and the result includes multiple high-grade single metre assays up to 102.5 g/t.
