PriceSensitive

Mako sniffs gold at 170 g/t at Cote d’Ivoire’s Napié play

ASX News, Materials
ASX:MKG      MCAP $12.82M
13 September 2024 09:57 (AEDT)
Image of the flag of Cote d'Ivoire

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.

Related News