- Mako Gold (MKG) begins a 10,000-metre reverse circulation (RC) and diamond drilling program at the Gogbala Prospect in Côte d’Ivoire
- While prior drilling has been limited, work has identified a two kilometre-long drill target and intersected up to 16.81 grams of gold per tonne (g/t)
- Drilling will be divided into three phases with results to be received before the next phase of drilling begins
- Mako ends the day 2.41 per cent in the red with shares trading at 8.1 cents
Mako Gold (MKG) has begun a 10,000-metre reverse circulation (RC) and diamond drilling program at the Gogbala Prospect.
The Gogbala Prospect is part of Mako’s flagship Napié Project which lies in Côte d’Ivoire, West Africa.
Previous drilling at Gogbala has identified a two kilometre-long high-priority drill target.
While prior drilling has been limited, wide-spaced drilling has returned results of two metres at 16.81 grams of gold per tonne (g/t), 12 metres at 5.39g/t gold and six metres at 4.97g/t gold.
The geology at Gogbala is similar to that at the nearby Tchaga Prospect and Mako believes Gogbala has the potential to host a significant gold deposit.
Drilling will be divided into three phases, with results to be received before the next phase of drilling begins.
Managing Director Peter Ledwidge commented on the drilling program.
“We are excited to be returning to the Gogbala Prospect where our previous drilling returned some wide and high-grade results,” Mr Ledwidge said. “Our previous drilling was wide-spaced and returned some outstanding results worthy of follow-up drilling.
“We view Gogbala as the next step towards progressing the Napié Project in our goal to delineate several significant gold deposits on the permit.”
Mako has ended the day 2.41 per cent in the red with shares trading at 8.1 cents in a $26.68 million market cap.