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Mako reports shallow high grade gold in scout drilling at Tchaga North

ASX News, Materials
ASX:MKG      MCAP $15.78M
13 August 2024 09:30 (AEDT)
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Mako Gold (ASX:MKG) has reported hitting shallow high-grade gold on-site the Tchaga North play in the latest scout drilling campaign.

Drilling for 1,200m using an RC rig the company found enough evidence to want to bring the rigs back in the coming months.

At an artisanal mining site Mako hit a 7m intersection reflecting 5.4g/t gold, while described as shallow, at 87m depth. In the discovery zone, 6m at 1.75g/t gold from 11m was hit by drillers, as well as 2m at 1.83/gt gold from 65m depth.

All in all the company reports several trends of gold observation were logged on-site with similar evidence from prior drilling backed up by this latest campaign.

““The results returned from the 1,200m scout drilling program confirms Tchaga North as one of the zones to focus on for adding potential ounces to our current 868,000oz maiden resource,” Mako MD Peter Ledwidge said.

“Of particular interest is the Deep Artisanal Mining Site where the southeasterly direction of the workings returned strong drill results which align with previous high-grade rock chip samples with values up to 76g/t gold.”

MKG last traded at 0.9cps.

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