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

Subscribe

Be the first with the news that moves the market
  • Mako Gold (MKG) is up more than 22 per cent today after intersecting up to 102.5g/t gold from the Tchaga Prospect in Côte d’Ivoire
  • The company is currently undertaking a 10,000-metre drilling program with aims to outline a JORC compliant resource for the prospect
  • Mako has now received assay results for 24 of the planned 90 holes, with the program expected to be completed in December 2020
  • Results for the remaining holes will be announced once they have been drilled and analysed
  • Mako’s share price is still up a healthy 22.7 per cent and shares are trading for 13.5 cents each

Mako Gold (MKG) is up more than 22 per cent today after intersecting up to 102.5g/t gold from the Tchaga Prospect.

The Tchaga Prospect lies within Mako’s Napié Project in Côte d’Ivoire.

Mako has received an additional five assay results from a 10,000-metre drilling program that began in late June.

This program will be broken down into 9000 metres of reverse circulation (RC) drilling and 1000 metres of diamond drilling with aims to outline a JORC compliant maiden resource for Tchaga.

Mako has now received assay results for 24 of the planned 90 holes with the program expected to be completed in December 2020.

Significant results include 13 metres at 20.82g/t gold from 32 metres including nine metres at 29.45g/t gold and one metre at 102.5g/t gold.

“We are very encouraged by our latest drilling results that demonstrate thick and high-grade gold mineralisation within 50 vertical metres of surface and open in multiple directions,” Managing Director Peter Ledwidge said.

“This has provided us with greater geological insight within our project area and allowed us to define a range of new drill targets. We will be targeting more of these dilation zones in future drilling while also testing along the north-south structures,” he added.

Mako’s share price is still up a healthy 22.7 per cent and shares are trading for 13.5 cents each at 1:52 pm AEST.

MKG by the numbers
More From The Market Herald

" Battery Minerals (ASX:BAT) completes drilling at Nine Mile & Kent Road

Battery Minerals (BAT) has completed drilling at two prospects within its Stavely-Stawell Copper-Gold project in Victoria.

" Theta Gold Mines (ASX:TGM) completes trial mining at Frankfort

Theta Gold Mines (TGM) has completed trial mining at Frankfort, located within the TGME gold project.
Aldoro Resources (ASX:ARN) - Non Executive Chairman, Joshua Letcher

" Aldoro Resources (ASX:ARN) to start drilling Niobe East

Aldoro Resources (ARN) is set to begin drilling on the Niobe East pegmatite system in Western Australia.

" Thor Mining (ASX:THR) continues to grow Molyhil

Thor Mining (THR) has continued to grow its Molyhil Critical Minerals Project in the Northern Territory.