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Mako Gold (ASX:MKG) hits high-grade gold at Komboro

ASX News, Materials
ASX:MKG      MCAP $13.66M
11 July 2022 17:11 (AEST)

Drill rig at the Gogbala prospect. Source: Mako Gold

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.

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