leadf
logo-loader
viewMako Gold Ltd
(
ASX:MKG
)

Mako Gold continues to grow Tchaga prospect at Napié with hits up to 9.85 metres at 6.63 g/t

The company aims to deliver a maiden mineral resource estimate later this year as drilling results continue to validate its methodical approach.

Mako Gold Ltd -
Evidence of new lodes to the north and south of known mineralisation warrant follow-up drilling.

Mako Gold Ltd (ASX:MKG) continues to expand Tchaga prospect at the Napié Project in Côte d’Ivoire with further reverse circulation (RC) and diamond drilling returning up to 17 metres at 3.06 g/t gold from 129 metres and 9.85 metres at 6.63 g/t from 213.15 metres, including 2 metres at 30.15 g/t.

The latest drilling results validate Mako’s methodical approach of infill drilling as well as drilling along strike and down-dip of previously identified mineralised lodes.

This increases the footprint of each lode and targets new lodes, with the aim of delivering a large maiden mineral resource estimate later this year.

Footprint continues to expand

Managing director Peter Ledwidge said: “The footprint of the Tchaga Project continues to expand as exploration progresses with further high-grade drill intersections and new largely untested lodes that have been defined.

“The deeper high-grade results reported are significant as these confirm the high-grade shoots within the broader mineralised envelope on multiple cross-sections.”

To date, the drilling has been concentrated in the eastern portion of the 1.8 kilometres x 0.5 kilometres wide Tchaga soil anomaly.

All mineralised lodes remain open along strike to the northeast and the southwest, as well as at depth.

Mako says potential exists to extend the mineralisation by drill testing more of the soil anomaly, as well as testing the emerging lodes intersected in drilling to the north and south of existing lodes.

Increased confidence to deliver resource

Ledwidge added: “Confirmation of these high-grade intercepts at depth increases confidence in Mako being able to deliver a robust maiden mineral resource estimate with gold mineralisation present from surface to the base of a conceptual pit.

“Drilling is ongoing at Tchaga to further extend the strike-length of known mineralised lodes as well as the newly identified lodes.

“We look forward to providing constant news flow with our drilling progressing well and assay turnaround times back on track now that we are utilising two assay laboratories.”

Tchaga prospect – select new (yellow) and previous (white) gold intersections.

Other results include:

  • 17 metres at 3.06 g/t from 129 metres;
  • 2 metres at 14.99 g/t from 14 metres and 5 metres at 4.63 g/t from 50 metres;
  • 15 metres at 1.08 g/t from 32 metres, 4 metres at 1.42 g/t from 87 metres and 13.8 metres at 1.74 g/t from 193.1 metres; and
  • 5 metres at 1.31 g/t from 53 metres, 12 metres at 0.96 g/t from 151 metres and 3.9 metres at 5.35 g/t from 183.8 metres.

The West African explorer expects ongoing news flow with drills operating on double shifts and two assay laboratories being utilised to process drill samples.

Quick facts: Mako Gold Ltd

Follow
ASX:MKG

Price: 0.093 AUD

Market Cap: $35.55 m

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 named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Eagle Mountain says Western Talon is 'potential game changer' at Oracle Ridge

Alto Capital's Tony Locantro discusses Eagle Mountain Mining following comments this morning from its CEO that the Western Talon is becoming a potential game changer at Oracle Ridge. Locantro mentions new high-grade drill results from Mako Gold's Gogbala prospect as well as touching on...

2 weeks, 2 days ago

3 min read