Mako Gold (ASX:MKG) - Managing Director, Peter Ledwidge
Managing Director, Peter Ledwidge
Source: The Market Herald
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  • Mako Gold (MKG) has reported on a further 19 reverse circulation (RC) and 14 diamond drill (DD) holes from its flagship Napié Project
  • The Australian explorer is completing a 10,000-metre drilling program at the project in the Côte d’Ivoire within the West African Birimian Greenstone Belts
  • 8 RC and 13 DD holes were drilled within the Tchaga target resource area and best results included 10.26 metres at 4.76 grams per tonne of gold
  • Of the drilling outside of the target area, one hole intersected elevated grades of gold and warrants follow-up
  • Mako has also recommenced drilling at Napié following a two-week pause in operations due to the Ivorian elections
  • Shares have been trading 8.70 per cent lower at 10.5 cents

Mako Gold (MKG) has reported on a further 19 reverse circulation (RC) and 14 diamond drill (DD) holes from its ongoing drilling program at the Napié Project.

The Australian explorer is focused on developing the flagship project in Côte d’Ivoire which lies within the West African Birimian Greenstone Belts.

The latest results come from drilling at the Tchaga target resource area as well as several conceptual targets.

At the target resource area, samples were returned form 8 RC and 13 DD holes. This revealed broad zones of gold mineralisation and best results included 10.26 metres at 4.76 gram per tonne of gold from 76.5 metres.

Of the 11 RC holes drilled at conceptual targets, one hole intersected elevated grades of gold and warrants follow-up. The best intercept from this hole was 3 metres at 4.54 grams per tonne of gold from 92 metres.

Managing Director Peter Ledwidge said that, aside from returning encouraging intercepts, the latest drilling has enhanced the company’s understanding of the mineralisation at Napié.

“We are pleased to have once again intersected wide and high-grade intercepts in our ongoing 10,000-metre drill program. The DD holes returned significant gold intercepts and have increased our understanding of the controls on gold mineralisation at the Tchaga Prospect.

“Only a few of the holes reported on were drilled in our adjusted SW direction. NADD012 which returned 10.26 metres at 4.76 grams per tonne of gold confirms that adjusting our drilling direction from W-E to NW-SE was the right decision, which effectively allows us to intersect both the N-S trending and SW-NE trending gold mineralisation,” Peter said.

Mako will also commence exploration work this week at another Napié prospect.

“We are also pleased that the IP geophysical survey on the Gogbala Prospect is on track to commence this week as this will pave the way for the start of the 5,000 metres drill program in December to follow-up on our positive 2018 drilling results,” he added.

The company has resumed drilling at the project following a two-week pause in operations during the Ivorian elections.

Shares have been trading 8.70 per cent lower at 10.5 cents at 1:20 pm AEDT.

MKG by the numbers
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