Image of the flag of Cote d'Ivoire
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Mako Gold Ltd (ASX:MKG) has identified grades of up to 170 grams per tonne (g/t) of gold from rock chip sampling at the Komboro prospect of its flagship Napié project in Cote d’Ivoire.

Mako geologists have been progressing mapping work at the project – which is located along the prospective West African Birimian Greenstone Belts – and have picked up additional assays including 41.92g/t, 6.27g/t, 4.63g/t, and 3.48g/t, as they prepare for a forthcoming drilling program.

The company will be pleased then that these results hint at potential new zones for resource growth, building on previous shallow drilling work which pulled up results such as 9 metres at 3.26g/t from 67 metres; including 3 metres at 7.29g/t from 67 metres; and
1 metre at 30.47g/t from 86 metres – all of this in just one hole.

Drilling work at the prospect has been fairly small-scale so far, with only 21 holes drilled.

Managing Director Peter Ledwidge said the recent results pointed to future potential at Komboro.

“The exceptional results of our ongoing mapping and rock chip sampling program at Komboro provides additional gold targets that warrant further work,” he said.

“These results further demonstrate the prospectivity of the northern part of the Napié Project and when combined with high-grade results from our previous scout drilling,
highlight the potential to significantly grow the resource beyond the current 868,000 oz gold resource.”

Mako has been trading at 0.9 cents.

MKG by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Big miners jump on bounce in iron ore price | November 18, 2024

The iron ore price has lifted to US$100.15 in Singapore and big miner Rio Tinto (ASX:RIO)…
The Market Online Video

ASX Market Update: Gold bounces back as Iron Ore slides | November 18, 2024

Gold has bounced back to US$2,588 per ounce as investors move part of their portfolios back…
NAB storefront

NAB dips 1.8% as ASIC take bank to court for ignoring hardship applications

Market regulator ASIC is taking NAB to court for allegedly failing to address nearly 350 hardship…