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Mako Gold steps up drilling in Côte d’Ivoire as second rig arrives for 5,200-metre Gogbala campaign

The company has started the drilling program at the prospect after encouraging results from a recently completed IP geophysical survey.

Mako Gold Ltd - Mako Gold commences 5,200 metre drill program at Gogbala prospect in Côte d’Ivoire
A 1,500-metre RC drill program at Tchaga East Prospect is nearing completion.

Mako Gold Ltd’s (ASX:MKG) second multi-purpose drill rig has arrived on site and begun a 52-hole, 5,200-metre reverse circulation (RC) drill program at Gogbala Prospect of the flagship Napié Project in Côte d’Ivoire.

The drill program with the RC/DD rig is following up previous success from wide-spaced holes drilled by the company in 2018 and early 2019, where 16 of 24 holes intersected gold.

Best results from that program include:

  • 12 metres at 5.39 g/t gold from 11 metres;
  • 17 metres at 1.68 g/t from 45 metres;
  • 6 metres at 2.67 g/t from 42 metres;
  • 7 metres at 2.73 g/t from 77 metres; and
  • 2 metres at 16.81 g/t from 2 metres and 5 metres at 2.12 g/t from 19 metres.

Multiple drill targets were generated using data from the IP survey and airborne mag interpretation coincident with a 5-kilometre-long portion of the 23-kilometre-long soil/auger anomaly on the Napié permit.

“Able to pinpoint drill targets”

Mako managing director Peter Ledwidge said: “We are pleased that the second drill has commenced drilling on the high-priority Gogbala Prospect, following the recent completion of the IP geophysical survey over a 5 kilometres long portion of the 23 kilometres-long soil/auger anomaly.

“With some excellent results from the previous drilling and now with the completion of the IP survey the company is in a great position to be able to pinpoint drill targets in addition to structures identified by the survey.”

Napie Project – Current and upcoming exploration programs including Gogbala to the south.

Tchaga East and Tchaga drilling

The company’s 1,500-metre RC drill program on the Tchaga East Prospect is almost complete, with 13 of the 16 planned holes drilled.

 Mako’s geologists are logging the RC chips and samples will be sent to the lab for assaying shortly with a two to three weeks turnaround expected.

Ledwidge said: “At Tchaga East, Mako is pleased to report the speedy progress of our drilling, which will allow the first rig to resume drilling at the Tchaga Prospect later this week.

“We expect frequent news flow over the coming weeks, with two drills operating double shifts, and look forward to providing updates on all three prospects as they come to hand.”

Quick facts: Mako Gold Ltd

Price: 0.1 AUD

Market: ASX
Market Cap: $25.72 m

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