Drill rig at the Gogbala prospect. Source: Mako Gold
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Mako Gold (MKG) reports high-grade gold at the Komboro prospect within its Napié project in Côte d’Ivoire
  • The company drilled seven targets with six intersecting significant mineralisation and results of 7.29 g/t gold over three metres and 30.47 g/t gold over one metre
  • Mako says discovering new mineralisation at the Komboro prospect validates its belief in the district‐scale potential to identify a multi‐million‐ounce deposit at the Napié project
  • Follow-up drilling will be undertaken at the prospect once the wet season is over
  • MKG shares are up 10.9 per cent to trade at 7.1 cents at market close

Mako Gold (MKG) has discovered a new mineralised zone at the Komboro prospect which is part of the Napié project in Côte d’Ivoire.

Mako completed a reverse circulation (RC) drilling program across seven targets — six of which intersected significant mineralisation, according to the company.

Highlighted drill results include nine metres at 3.26 grams per tonne (g/t) gold, including three metres at 7.29 g/t gold and one metre at 30.47 g/t gold in NARC741 and one metre at 8.41 g/t gold in NARC743 from the K1 target.

Drilling at the K2 target, three kilometres to the east, intersected five metres at 1.64 g/t gold in NARC753.

Mako Gold believes the results from the K1 and K2 targets are highly encouraging as they point to the “enormous prospectivity in the north of Napié.”

According to MKG, discovering new mineralisation at the Komboro prospect validates its belief in the district‐scale potential to identify a multi‐million‐ounce deposit at the Napié project.

Mako Gold recently delivered a maiden mineral resource estimate of 868,000 ounces for the Tchaga and Gogbala prospects, also part of the Napié project, and the Komboro prospect reportedly displays the same characteristics as Tchaga and Gogbala in the early days of drilling.

The company plans to conduct follow-up drilling at the Komboro prospect with the highest priority reportedly being the K1 target where drill holes are planned along strike of positive results as well as above and below NARC741.

MKG shares were up 10.9 per cent to trade at 7.1 cents at market close.

MKG by the numbers
More From The Market Online
The Market Online Video

Mantle Minerals to kick off drilling at Mt Berghaus in WA

Mantle Minerals (ASX:MTL) has announced it's kicking off a 122-hole drill run on-site its Mt Berghaus…

Tamboran is listing on the NYSE, and Wall Street is paying attention

If you needed evidence that Tamboran Resources is bullish on the NT's Beetaloo Basin, look no…
The Market Online Video

Lithium Universe successfully locks in $3.65M to advance North American play

Lithium Universe (ASX:LU7) has announced its receipt of a confirmed $3.64M to advance its North American…

Maiden drilling at West Arunta hints at major IOCG system for Rincon

Rincon Resources believes that drill core picked up from a maiden program of work at its…