Join our daily newsletter At The Bell to receive exclusive market insights
- Mako Gold (MKG) begins an auger drilling program at its 90 per cent-owned Napié project in Côte d’Ivoire
- The program will include 25,000 metres of auger drilling to narrow down large soil anomalies for future resource drilling
- It will also aim to identify mineralised footprints similar to the Tchaga and Gogbala deposits which have a combined 868,000-ounce inferred mineral resource estimate
- Company shares ended the day 4.76 per cent in the green to close at 4.4 cents
Mako Gold (MKG) has begun a 25,000-metre auger drilling program at its 90 per cent-owned Napié project in Côte d’Ivoire.
The major program comes after a “particularly long” wet season and will help to narrow down large soil anomalies for further resource drilling.
Mako Gold said auger drilling is more cost effective when compared to reverse circulation (RC) drilling, especially considering some soil anomalies are up to two kilometres wide.
The auger method also reduces the amount of future RC and diamond drilling required to accelerate resource growth, according to the company.
The drilling program’s overall aim is to demonstrate the multi-million-ounce potential of the Napié project by identifying mineralised footprints similar or larger than the Tchaga and Gogbala deposits which have a combined 868,000-ounce inferred mineral resource estimate.
Phase one will include orientation auger drilling over the deposits to identify the auger footprints with the next phase to then proceed on selected grids to identify the “sweet spot” for future RC resource drilling.
Company shares ended the day 4.76 per cent in the green to close at 4.4 cents.
