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Mako Gold (ASX:MKG) - Managing Director, Peter Ledwidge - The Market Herald
Managing Director, Peter Ledwidge
Source: The Market Herald
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  • Mako Gold (MKG) has received assays from another 19 holes drilled at the Tchaga prospect which is part of the Napié Project in Côte d'Ivoire
  • While the company is pleased with the high grades, which include up to 38.18g/t gold, the main takeaway was the extension of mineralisation
  • The mineralised strike of the Lode One has been extended by 200 metres and remains open to the southwest and at depth
  • In addition, the Tchaga prospect's total strike now exceeds 1.8 kilometres and remains open
  • Further assays are pending, but Mako will continue drilling to extend the lode further and target mineralisation
  • Company shares are down 1.08 per cent to trade at 9.2 cents

Mako Gold (MKG) has received assays from another 19 holes drilled at the Tchaga prospect which is part of the Napié Project in Côte d'Ivoire.

The company's ongoing drilling program is aimed at supporting an upcoming maiden resource estimate.

Best assays include nine metres at 6.26g/t gold from 16 metres including one metre at 38.18g/t gold from 17 metres contained within a mineralised interval averaging 36 metres at 2.03g/t gold.

The latest results are from outside the main one-kilometre-long area where four stacked mineralised lodes have been identified.

Pleasingly, results have extended the strike length of the first lode by 200 metres and the zone remains open to the southwest and at depth.

"This extension of mineralisation significantly increases the footprint of Lode One and extends the southern limit of the resource area of the Tchaga prospect. This bolsters our confidence in delivering a substantial maiden resource at Napié," Managing Director Peter Ledwidge said.

Additionally, the results have increased the Tchaga prospect's total strike length to 1.8 kilometres.

Mako Gold is waiting on further assays from drilling in the area. In the meantime, the company will conduct infill drilling to include the extension in the maiden resource estimate. MKG also plans to target mineralisation and further extend the strike length of Lode One.

"The infill work in this exciting new mineralised zone is underway, with a multi-purpose drill rig working double shifts six days a week at Tchaga, averaging rates of 200 metres per day," he concluded.

Company shares are down 1.08 per cent to trade at 9.2 cents at 12:47 pm AEST.

MKG by the numbers
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