Mako Gold Ltd (ASX:MKG) has completed a soil geochemical program on the Ouangolodougou and Korhogo Nord permits, comprising the Korhogo Project and collectively covering 296 square kilometres over a 17-kilometre strike of faulted greenstone granite contact in Côte d’Ivoire.
The soil samples were collected over a grid with 400-metre spaced lines and 100-metre sample spacing.
A total of 2,351 and 1,447 samples were collected on the Ouangolodougou and Korhogo Nord permits, respectively.
The geochemical soil program targeted the greenstone-granite contact along a regional fault, therefore, only the northern part of the Korhogo Nord permit was sampled since the southern part of the permit is entirely granite.
Airborne geophysical survey begins
Managing director Peter Ledgewidge said: “We are pleased to have completed the soil geochemical program and to be commencing the airborne geophysical survey on the Korhogo Project.
“We are excited to be advancing exploration rapidly on the project so that we can launch into a maiden drilling program and looking forward to receiving assay results shortly from the Napié Project after an equipment breakdown at the assay laboratory.”
Mako has contracted New Resolution Geophysics (NRG) to complete a helicopter airborne geophysical survey on the Ouangoloudou and Korhogo Nord permits.
The company had previously used NRG to fly an airborne geophysical survey on its Burkina Faso gold discovery, which is in the final sale stage to Nordgold.
Data to plan drill holes
Data from the survey will be used in conjunction with soil sampling results to plan drill holes.
Regional faults provide the 'plumbing' for gold-bearing fluids with splays evident in the regional faults on both permits.
The soil sampling grids on the permits cover two splays, which the company consider high-priority targets for gold mineralisation.
Soil sampling grids over regional magnetics (RTP) covering splayed regional faults (grey dashed lines) on the Korhogo permits.
Mako believes that the blue anomaly on the eastern part of the Ouangolodougou permit shown on the regional magnetics image above represents a granitic intrusion that could remobilise gold-bearing fluids.
For this reason, the soil sampling program covered the eastern portion of that permit.
Drilling to begin late July
A 30-hole 3,000-metre reverse circulation drilling program is planned for Korhogo once the results of the soil geochemical program and the geophysical survey program have been received and interpreted.
No known previous drilling or other exploration has been recorded on the Ouangolodougou and Korhogo permits.
Mako plans to drill prior to the onset of the wet season which usually starts in late July.
Napié assays expected shortly
There have been delays in reporting assay results on the Tchaga and Gogbala prospects on the Napié Project due to an equipment breakdown at the assay lab.
The failure has been repaired at the lab and assays will be forthcoming shortly from both prospects.