Total
0
Shares
Mako Gold (ASX:MKG) - Managing Director, Peter Ledwidge - The Market Herald
Managing Director, Peter Ledwidge
Source: The Market Herald
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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.

MKG by the numbers
More From The Market Herald
Ookami (ASX:OOK) to purchase stakes in two African exploration projects

" Ookami (ASX:OOK) to purchase stakes in two African exploration projects

Ookami (OOK) has agreed to purchase interests in two African mineral exploration projects, Boulbi and Messok East.
Conico (ASX:CNJ) - Chairman, Greg Solomon - The Market Herald

" Conico (ASX:CNJ) subsidiary signs Greenland drilling contract

Conico’s (CNJ) subsidiary, Longland Resources, has signed a contract with Cartwright Drilling for work at the Ryberg Project in Greenland.
PolarX (ASX:PXX) - Managing Director Frazer Tabeart - The Market Herald

" PolarX (ASX:PXX) augments Humboldt Range lode claims

PolarX (PXX) has significantly increased its landholding at its Humboldt Range gold and silver project in Nevada.
Victory Mines (ASX:VIC) begins RC drilling at Coogee

" Torrens Mining (ASX:TRN) begins seismic survey at Mt Piper

Gold and copper exploration company Torrens Mining (TRN) has begun a passive seismic survey at its Mt Piper Gold Project.