leadf
logo-loader
viewMako Gold Ltd

Mako Gold records high-grade gold at Tchaga Prospect of 41 metres at 4.51 g/t

Multiple wide gold mineralised intersections with internal high-grade intervals were returned from the stacked mineralised zones within the maiden resource target area on Tchaga Prospect.

Mako Gold Ltd - Mako Gold records high-grade gold at Tchaga Prospect of 41 metres at 4.51 g/t
The Mako crew has commenced drilling at the Tchaga East prospect

Mako Gold Ltd (ASX:MKG) has delivered the widest, high-grade gold intercepts to date from Tchaga prospect within the flagship Napié Project in Côte d’Ivoire including 41 metres at 4.51 g/t from 17 metres.

The company has received assays for a further 51 RC and two diamond drill holes from ongoing drilling at its flagship Napié Project in Côte d’Ivoire.

Within the 41-metre intersection were 3 metres at 8.16 g/t from 17 metres, 6 metres at 9.4 g/t from 43 metres and 3 metres at 16.34 g/t from 53 metres.

Exploration strategy validated

Mako managing director Peter Ledwidge said: “We are highly encouraged that the Tchaga Prospect has delivered the widest, high-grade drill intercept to date and that 46 of 53 holes intersected gold, with 17 of those having significant intercepts over 10 gram-metres.

“These drill results confirm continuity of mineralisation along strike and at depth as we move towards a maiden resource.

“We have outlined multiple areas within Tchaga that host high-grade cores within broader mineralised envelopes which validates our exploration strategy of targeting broad zones of gold mineralisation and then vectoring in on the high-grade zones.”

Shares have been almost 20% higher to 12.5 cents intra-day.

Other notable results include:

  • 21 metres at 2.26 g/t from 71 metres, including 1-metre at 16.85 g/t from 72 metres;  
  • 12.75 metres at 1.8 g/t from 48.1 metres; and
  • 7.9 metres at 4.63 g/t from 122.8 metres, including 1-metre at 27.61 g/t from 126 metres.

The purpose of the program is to support the company’s proposed maiden resource estimate at Tchaga in 2021.

Mako continues to use its targeting strategy of drilling between or along strike of lower grade drill holes to target the high-grade cores within the mineralised zone.

Select gold intercepts from current and previous drilling on the Tchaga Prospect

Drilling at Tchaga East

A 1,500-metre RC drill program has commenced on Tchaga East Prospect which sits around 2 kilometres east of the Tchaga prospect along an 8 kilometre-long interpreted shear.

Additionally, an IP geophysical survey has been completed at the highly prospective Gogbala Prospect with data to be used for drill target generation.

Ledwidge said: “We are also pleased to have commenced drilling on Tchaga East which is a high-priority regional prospect that has not been drilled since 2018.

“In addition, we anticipate a second drill rig to arrive on-site imminently to begin drilling on the exciting Gogbala Prospect to follow up highly encouraging 2018 reconnaissance drilling results and targets generated from the recently completed IP survey.”

A 5,000-metre RC/DD drill program is set to commence shortly at Gogbala.

Quick facts: Mako Gold Ltd

Price: 0.12 AUD

ASX:MKG
Market: ASX
Market Cap: $30.87 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Mako Gold Ltd named herein, including the promotion by the Company of Mako Gold Ltd in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Mako Gold kicks off drilling at Gogbala as second rig arrives on site

  Mako Gold Ltd’s (ASX:MKG) Peter Ledwidge caught up with Proactive's Andrew Scott after announcing a second multi-purpose drill rig has arrived on site and begun a 52-hole, 5,200-metre reverse circulation (RC) drill program at the Gogbala Prospect of the flagship Napié Project in Côte...

1 week, 1 day ago

3 min read