Total
0
Shares
Mako Gold (ASX:MKG) - Managing Director, Peter Ledwidge - The Market Herald
Managing Director, Peter Ledwidge
Source: The Market Herald
  • Mako Gold (MKG) has begun a 10,000 metre drilling program at its Napié Project in Côte d'Ivoire
  • This program will consist of 9000 metres of reverse circulation drilling and 1000 metres of diamond drilling
  • One aim of this drilling program is to outline a JORC compliant maiden resource for the Tchaga Prospect
  • Other aims include extending the mineralisation along strike at Tchaga and identify and test other highly prospective zones
  • Results from this program are expected in mid to late July
  • Mako has ended the day 4.76 per cent in the red with shares trading for 8 cents each

Mako Gold (MKG) has begun a 10,000 metre drilling program at its Napié Project in Côte d'Ivoire.

The project is located 30 kilometres southeast of Korhogo and it covers an area of 225 square kilometres.

This program will be broken down into 9000 metres of reverse circulation (RC) drilling and 1000 metres of diamond drilling.

One aim of this drilling program is to outline a JORC compliant maiden resource for the Tchaga Prospect.

Infill drilling will follow on from previous high-grade results such as 7.7 metres at 11.65g/t gold from 169.9 metres, 28 metres at 4.86g/t from 83 metres, and 25 metres at 3.43g/t gold from 53 metres.

The second aim is to extend the mineralisation along strike at the Tchaga Prospect, this will be done by drill testing geophysical and soil geochemical anomalies.

The final aim is to identify and test other highly prospective mineralised zones at the Napié Project with primary focus on the Gogbala, Tchaga North, and Tchaga East prospects.

Additionally, drilling may also be completed at the Komoro Prospect.

"We are pleased to be resuming drilling activities on the Napié Project and to be advancing the Tchaga Prospect towards a maiden resource," Managing Director Peter Ledwidge commented.

"In addition, we are excited to be testing other high-priority targets on the permit, some of which have had little or no follow-up drilling since mid-2018," he said.

"Our recent capital raise and the impending finalisation of the sale of our Niou Project in Burkina Faso to Nordgold, ensures ample funding to complete the planned program," he added.

Results from this program are expected in mid to late July.

Mako has ended the day 4.76 per cent in the red with shares trading for 8 cents each in a $9.493 million market cap.


Subscribe


MKG by the numbers
More From The Market Herald
MC Mining (ASX:MCM) - Acting CEO, Brenda Berlin - The Market Herald

" MC Mining (ASX:MCM) re-enters loan facility talks

MC Mining (MCM) is back in negotiations with its loan provider to help secure funding for the Makhado coal project in South Africa.
Marmota (ASX:MEU) acquires Jumbuck Gold Project for $3M

" Marmota (ASX:MEU) acquires Jumbuck Gold Project for $3M

Following the signing of a formal agreement, Marmota (MEU) has acquired the Jumbuck Gold Project from Tyranna Resources for $3 million.
Orminex (ASX:ONX) sells 50pc of Penny’s Find for $1.5M

" Orminex (ASX:ONX) sells 50pc of Penny’s Find for $1.5M

Orminex (ONX) has agreed to sell 50 per cent of the Penny’s Find gold mine to Black Mountain Gold — Horizon Minerals’ (HRZ)
Tempus Resources (ASX:TMR) - Managing Director, Brendan Borg - The Market Herald

" Tempus Resources (ASX:TMR) intersects high-grade gold and silver at Blackdome

Tempus Resources (TMR) has intersected high-grade gold and silver from the Blackdome zone at the Blackdome-Elizabeth Gold Project.