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- Mako Gold (MKG) receives further results from its ongoing drilling program at the Gogbala Prospect in Côte d’Ivoire
- The company began drilling at Gogbala in mid-August and plans to undertake a 10,000-metre reverse circulation and diamond drilling program
- Results have been received from 14 holes with all intersecting significant mineralisation and returning up to 14.12 grams of gold per tonne (g/t)
- Drilling has been suspended at Gogbala due to excessive rain but is scheduled to resume in the third week of October
- Shares in Mako are up 3.37 per cent on the market and are trading at 9.2 cents at 12:03 pm AEDT
Mako Gold (MKG) has received further results from its ongoing drilling program at the Gogbala Prospect in Côte d’Ivoire.
The Gogbala Prospect is part of the company’s flagship Napié Project which lies 30 kilometres southeast of the city of Korhogo.
Mako began drilling at Gogbala in mid-August and plans to undertake a 10,000-metre reverse circulation (RC) and diamond drilling program.
While previous drilling has been minimal, wide-spaced drilling has intersected up to 16.81 grams of gold per tonne (g/t) and identified a two kilometre-long high-priority drill target.
Results have been received from 14 holes with all intersecting significant mineralisation and a best result of 20 metres at 3.41g/t gold from 19 metres including two metres at 14.12g/t gold from 37 metres.
Other results include nine metres at 2.52g/t gold from 55 metres including one metre at 11.84g/t gold from 55 metres.
These results are significant because they demonstrate the potential for Gogbala to host similar high-grade mineralisation to Mako’s nearby Tchaga prospect.
To date, results have been received for 3900 metres of the 10,000-metre program and assays are pending for a further nine RC holes and two diamond holes drilled at Gogbala.
Managing Director Peter Ledwidge commented on the results.
“After receipt of the best drill intercepts to data at Gogbala, we reiterate the similarities of mineralisation style between Gogbala and Tchaga,” Mr Ledwidge said. “The wide and high-grade intercepts returned from Gogbala drilling is making Gogbala look more and more like ‘Tchaga 2.0’.
“Both prospects have strong mineralisation outlined over a two-kilometre strike length. This increases our optimism for delineating more deposits along the 30-kilometre long Napié fault to target a multi-million-ounce resource.”
Drilling has been suspended at Gogbala due to excessive rain but is scheduled to resume in the third week of October.
Shares in Mako were up 7.87 per cent on the market and were trading at 9.6 cents at 11:19 am AEDT.
