- Mako Gold (MKG) has intersected up to 107g/t gold from the Tchaga prospect at the Napié Project in Côte d’Ivoire
- Reverse circulation (RC) and diamond drilling is currently being undertaken to support a maiden resource at Tchaga
- The gold result confirms the continuity of the mineralisation along strike and at depth
- Mako has also begun a 1500-metre drilling program at the Tchaga East prospect, which has not been drilled since 2018
- Drilling is expected to take 10 days, with results to be available in due course
- Mako is up a healthy 14.3 per cent on the market this morning with shares trading at 12 cents
Mako Gold (MKG) has intersected up to 107g/t gold from the Tchaga prospect at the Napié Project in Côte d’Ivoire.
Reverse circulation (RC) and diamond drilling is currently being undertaken to support a maiden resource at Tchaga.
Of the 53 holes reported on, 46 intersected gold mineralisation, with 17 returning intercepts exceeding 10 gram-metres.
Best results include five metres at 21.99g/t gold from 70 metres, including one metre at 107g/t gold from 71 metres, and 7.9 metres at 4.63g/t gold from 122.8 metres, including one metre at 27.61g/t gold from 126 metres.
Deeper RC and diamond drilling has been planned to test for higher-grade mineralisation.
“We are highly encouraged that the Tchaga prospect has delivered the widest, high-grade drill intercept to date and that 46 of 53 holes intersected gold with 17 of those having intercepts over 10 gram-metres,” Managing Director Peter Ledwidge said.
“These drill results confirm continuity of mineralisation along strike and at depth as we move towards a maiden resource,” he added.
Mako has also begun a 1500-metre drilling program at the Tchaga East prospect, which lies roughly two kilometres east of Tchaga.
Tchaga East has not been drilled since 2018, where only three holes were drilled and two intersected more than five gram-metres.
Drilling is expected to take 10 days and, once completed, the rig will return to the Tchaga prospect.
Further, an induced polarisation survey (IP) at the Gogbala prospect has wrapped up with data to be used to identify drill targets.
These targets will then be drilled as part of a 5000-metre RC and diamond drilling program.
Mako is up a healthy 14.3 per cent on the market this morning with shares trading at 12 cents at 10:35 am AEDT.