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- Mako Gold (MGK) officially kicks off a maiden reverse circulation (RC) drilling program at its Korhogo project in Côte d’Ivoire, West Africa
- The company plans to drill for 2000 metres at a high-priority two-kilometre gold target in the area which it outlined through recent early-stage exploration work
- Korhogo is the company’s second project in the West African country, with its flagship Napié project continuing to remain its primary focus
- Mako says it’s on track to release a maiden mineral resource estimate (MRE) for the Napié project before the end of the financial year
- Shares in Mako Gold last traded at 8 cents each on Thursday, May 12
Junior explorer Mako Gold (MGK) has officially kicked off a maiden reverse circulation (RC) drilling program at its Korhogo project in Côte d’Ivoire, West Africa.
The company this morning said it planned to drill 2000 metres of RC holes at the first high-priority target in the project area, which lies within the namesake Korhogo Nord permit.
Korhogo is Mako’s second project in Côte d’Ivoire, with the company still progressing work at its flagship Napié project in the country.
Mako Managing Director Peter Ledwidge said the company was in a “privileged position” to be able to begin drilling at the second project.
“The commencement of drilling at Korhogo marks an important milestone in the growth of the company as we progress to the drilling phase on the project,” Mr Ledwidge said.
“Our previous work at Korhogo has culminated in the identification of several high-priority targets.”
He said the first exploration target in the area was a two-kilometre gold auger anomaly of over 20 parts per billion (ppb) gold with high-grade cores of over 60 ppb gold. This target was outlined through metric and radiometric geophysical work, soil sampling, and a recently-completed auger drilling program in the area.
The Korhogo project lies in the same greenstone belt that hosts Barrick Gold’s 4.9-million-ounce Tongon gold mine and Montage Gold’s 4.5-million-ounce Kone deposit.
Nevertheless, Mako said even as it progressed drilling at Korhogo, its Napié project remained its primary focus.
The company is on track to release a maiden mineral resource estimate (MRE) for the Napié project before the end of the financial year.
Shares in Mako Gold last traded at 8 cents each on Thursday, May 12. The company has a $30 million market cap.
