Mako Gold on track for further resource expansion at Napié Gold Project
Last updated: 10:51 19 Mar 2024 AEDT, First published: 15:52 23 Feb 2021 AEDT
Snapshot
- Mako Gold identifies wide manganese bands extending to depth at Korhogo
- Mako Gold extends Tchaga North target
About the company
Mako Gold Ltd (ASX:MKG) is an Australian based exploration company focused on advancing its flagship Napié Gold Project in Côte d’Ivoire located in the West African Birimian Greenstone Belts which hosts more than 70 +1Moz gold deposits.
Senior management has a proven track record of high-grade gold discoveries and delineation of Mineral Resources in West Africa.
How it is doing
A test IP geophysical survey at the Korhogo Project of Mako Gold Ltd (ASX:MKG) in Côte d’Ivoire has identified manganese mineralisation in wide manganese bands extending to depth.
The complementary test IP geophysical survey was conducted on the project’s Ouangolodougou Permit, which is 70 kilometres north of the operating Lagnonkaha manganese mine.
This survey indicated that manganese may be present from surface to at least 250 metres deep. Anomalies were delineated along significant strike and with widths of up to 140 metres, indicating that subsurface manganese mineralisation may be quite wide.
These anomalies coincide with mapped manganese outcrops and a previously drilled reverse circulation (RC) drill hole, validating IP as a useful tool to identify sub-surface manganese. The use of IP significantly improved the geological interpretation of the manganese-rich bands.
Mako Gold Ltd (ASX:MKG) has taken investors on a walkthrough of its new Double Zone target at the Napié Gold Project in Côte d’Ivoire, showcasing the area’s features in a new Shark Bytes video.
The Double Zone target is located at the Tchaga North prospect, boasting a strike length of 250 metres and rock chip samples of up to 22.46 g/t and 44.73 g/t gold.
Mako Gold Ltd (ASX:MKG) says a set of high-grade rock chip samples from the new Double Zone at Tchaga North prospect of the Napié Gold Project in Côte d’Ivoire indicates a target with 250 metres of strike length.
New rock chip samples included results of 22.46 g/t, 16.78 g/t, 12.85 g/t and 4.86 g/t gold, complementing and confirming previous samples of 44.73 g/t and 6.29 g/t gold.
What management says
Mako Gold Ltd (ASX:MKG) managing director Peter Ledwidge joins Jonathan Jackson in the studio to talk through an extension of Tchaga North prospect at the Napié Gold Project in Côte d’Ivoire. High-grade rock chip samples from the new Double Zone at Tchaga North indicates a target with 250 metres of strike length.The new Double Zone sits on the western greenstone-granite contact at Napié, an area Mako considers to be a high-priority drill target. Ledwidge will join the company’s general manager of exploration this week to spend five weeks on-site, for on-the-ground evaluation of the new high-grade targets and for due diligence on the potential Goldridge transaction. He will also meet with the Ministry of Mines to talk about the reapplication process for Napie, which is on track and expected to be granted shortly.