Drill rig at the Gogbala prospect. Source: Mako Gold
The Market Online - At The Bell

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

  • Mako Gold (MKG) reports high-grade gold at the Komboro prospect within its Napié project in Côte d’Ivoire
  • The company drilled seven targets with six intersecting significant mineralisation and results of 7.29 g/t gold over three metres and 30.47 g/t gold over one metre
  • Mako says discovering new mineralisation at the Komboro prospect validates its belief in the district‐scale potential to identify a multi‐million‐ounce deposit at the Napié project
  • Follow-up drilling will be undertaken at the prospect once the wet season is over
  • MKG shares are up 10.9 per cent to trade at 7.1 cents at market close

Mako Gold (MKG) has discovered a new mineralised zone at the Komboro prospect which is part of the Napié project in Côte d’Ivoire.

Mako completed a reverse circulation (RC) drilling program across seven targets — six of which intersected significant mineralisation, according to the company.

Highlighted drill results include nine metres at 3.26 grams per tonne (g/t) gold, including three metres at 7.29 g/t gold and one metre at 30.47 g/t gold in NARC741 and one metre at 8.41 g/t gold in NARC743 from the K1 target.

Drilling at the K2 target, three kilometres to the east, intersected five metres at 1.64 g/t gold in NARC753.

Mako Gold believes the results from the K1 and K2 targets are highly encouraging as they point to the “enormous prospectivity in the north of Napié.”

According to MKG, discovering new mineralisation at the Komboro prospect validates its belief in the district‐scale potential to identify a multi‐million‐ounce deposit at the Napié project.

Mako Gold recently delivered a maiden mineral resource estimate of 868,000 ounces for the Tchaga and Gogbala prospects, also part of the Napié project, and the Komboro prospect reportedly displays the same characteristics as Tchaga and Gogbala in the early days of drilling.

The company plans to conduct follow-up drilling at the Komboro prospect with the highest priority reportedly being the K1 target where drill holes are planned along strike of positive results as well as above and below NARC741.

MKG shares were up 10.9 per cent to trade at 7.1 cents at market close.

MKG by the numbers
More From The Market Online

Nick Scali moves into the UK market through Fabb Furniture acquisition

Nick Scali has acquired UK-based Anglia Home Furnishings, operating under the brand Fabb Furniture.

Aus inflation read of 3.6% spooks ASX – before quickly returning to green

Australian inflation has come in mixed with an increase of 1% in the March quarter, but…

High grade sniffs in Africa push Mako shares up 14%

Mako Gold Ltd (ASX: MKG) has seen its shares jump above 14 percent on news that it has discovered a high grade zone

Lycaon Resources receives green light from minister to mine at Stansmore project in WA

Lycaon Resources receives minister's blessing to kickstart mining at Stansmore project in Western Australia