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Mako Gold extends gold mineralisation 250 metres along strike at Tchaga in Côte d’Ivoire

Core from a further 13 reverse circulation drillholes will be shipped to the lab for assay imminently and 14 diamond holes have been completed with core being logged on site.

Mako Gold Ltd - Mako Gold extends gold mineralisation 250 metres along strike at Tchaga prospect in Côte d’Ivoire
Mako Gold is planning an Induced Polarisation geophysical program over the 5-kilometre-long soil anomaly at Gogbala prospect

Mako Gold Ltd (ASX:MKG) has extended gold mineralisation 250 metres along strike at Tchaga prospect within the Napié Gold Project in Côte d’Ivoire where reverse circulation and diamond drilling is ongoing.

Assays have now been received for 41 holes of the planned 90-hole drill program which is scheduled to run through to December 2020.

Best results are 3 metres at 4.59 g/t gold from 100 metres, 5 metres at 2.34 g/t from 55 metres and 4 metres at 2.44 g/t from 8 metres.

A further large drilling program is planned in January 2021 with details to be revealed in due course.

Understanding of complex system increasing

Managing director Peter Ledwidge said: “We are pleased to have extended the gold mineralised zone on the Tchaga prospect by a further 250 metres north along strike and to have intersected a modest zone of mineralisation 80 metres south of our 2018 positive drill results on Tchaga North.

“Both areas will be subject to further drilling.

“Our understanding of the complex structural systems controlling mineralisation on Tchaga and Tchaga North is increasing and suggests that we may have to alter our drilling directions in order to intersect the 'sweet spot' of the interpreted high-grade shoots in further drilling.

“In certain areas where we intersected modest gold mineralisation, we believe that we may be on the edge of one of the high-grade plunging mineralised shoots.”

Drill results for a further 17 RC holes have now been received with nine holes drilled on new targets outside the maiden resource area.

Other encouraging assays within the resource area include:

  • 3 metres at 2.67 g/t gold from 38 metres;
  • 5 metres at 1.02 g/t gold from 46 metres; and
  • 10 metres at 1.1 g/t gold from 88 metres.

Additionally, three RC drill holes were completed on the Tchaga North Prospect, two of which had significant results extending mineralisation 100 metres south of previous drilling completed in 2018, including 3 metres at 3.96 g/t from 55 metres.

Notable intersections outside of the maiden resource target area include 11 metres at 1.04 g/t from 89 metres, 13 metres at 0.79 g/t from 66 metres and 5 metres at 0.83 g/t from 82 metres.

Drilling was conducted on these targets to test multiple parallel IP chargeability highs and interpreted cross structures.

Next steps 

Core from a further 13 RC drill holes will be shipped to the lab for assay imminently and 14 diamond holes have been completed with core being logged on site.

Results are expected to be released in early to mid-October.

An IP geophysical survey is planned for October on Gogbala prospect over the 5-kilometre-long soil anomaly ahead of a follow-up drilling program once results are received. 

"Look forward to updating shareholders" 

Ledwidge continued: “Our geologists on the ground have not yet finished logging the 14 DD holes and once the core is logged, split and the assays received, we should be able to adapt our drilling directions to increase our chances of intersecting the high-grade mineralised shoots.

“We look forward to updating our shareholders on further RC and DD drill results as they come to hand.

“We are also looking forward to the commencement of the IP geophysical survey on Gogbala so that we can launch a significant drill program on the Gogbala Prospect to follow-up on our positive 2018 drilling results.”

Quick facts: Mako Gold Ltd

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Market: ASX
Market Cap: $21.15 m

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