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Mako Gold further extends mineralised footprint at Tchaga within Napié Project following strong gold results

The company is focused on advancing its flagship Napié Project in Côte d’Ivoire within the West African Birimian greenstone belts which host more than 70 +1-million-ounce gold deposits.

Mako Gold Ltd -
The new results will be incorporated in the upcoming maiden mineral resource estimate.

Mako Gold Ltd’s (ASX:MKG) reverse circulation and diamond drilling results continue to expand the mineralised footprint at Tchaga prospect within the Napié Project in Côte d’Ivoire and will be incorporated into an upcoming maiden resource estimate.

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.

Mineralisation at Tchaga remains open along strike and at depth, with further drilling planned.

Notable results include:

  • 3 metres at 2.79 g/t gold from 20 metres, including 1-metre at 6.73 g/t from 21 metres;
  • 1-metre at 9.04 g/t from 73 metres;
  • 6 metres at 1.54 g/t from 85 metres;
  • 4 metres at 1.33 g/t from 76 metres;
  • 2 metres at 2.06 g/t from 191 metres, including 17 metres at 3.06 g/t; and
  • 5 metres at 1 g/t from 144 metres.

Results “broaden overall width”

Managing director Peter Ledwidge said: “The drill results contribute to the expansion of the Tchaga Prospect as we move towards a JORC maiden mineral resource estimate.

“NARC405DD has outlined multiple zones of gold mineralisation which broaden the overall width of the deposit and extend gold mineralised zones along strike.

“Drilling is ongoing on these zones, and we anticipate receipt of new results in these areas shortly.”

Looking ahead

Tchaga is located on the +23-kilometre soil anomaly and coincident 30-kilometre-long interpreted structure.

Potential also exists at the other prospects, such as Gogbala and Tchaga North, which are also situated on the coincident soil/auger and structural anomaly.

Lodes along-strike to the north and south of known mineralisation at Tchaga are being drilled with assays expected in the coming weeks.

Large portions of the extensive gold soil anomaly remain to be drill tested.

Mako owns a 51% interest in Napié and can earn up to 75% through the delivery of a feasibility study.

The company has recently entered into a binding agreement with Perseus Mining Ltd (ASX:PRU) to consolidate ownership from 51% to 90%.

Trading halt

Meanwhile, Mako has been granted a trading halt by the ASX due to a proposed capital raising.

The halt will remain in place until Thursday, July 8, or when an announcement is made to market - whichever occurs earliest.

Quick facts: Mako Gold Ltd


Price: 0.094 AUD

Market Cap: $35.93 m

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