Mako Gold (ASX:MKG) - Managing Director, Peter Ledwidge
Managing Director, Peter Ledwidge
Source: The Assay
The Market Online - At The Bell

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

  • Mako Gold (MKG) launches a 1,500-metre diamond drill program at the Gogbala prospect within its flagship Napié gold project in Côte d’Ivoire
  • The diamond drill rig will allow the company to test mineralisation at greater depth and accelerate drilling for the delivery of the maiden mineral resource estimate in the June quarter
  • The new rig will supplement the reverse circulation rig, which is currently drilling double shifts at the prospect
  • Meanwhile, the company has completed over 11,000 metres of air-core drilling on the Komboro and Tchaga North prospects
  • Mako Gold shares were unchanged at 9 cents

Mako Gold (MKG) has launched a 1,500-metre diamond drill program at the Gogbala Prospect within its flagship Napié project in Côte d’Ivoire, west Africa.

The diamond drill rig will supplement the reverse circulation rig, which is currently drilling double shifts at Gogbala.

The new rig is hoped to accelerate drilling for the delivery of the maiden mineral resource estimate in the June quarter.

Previous results from drilling at the prospect included 7 metres at 6.7 grams of gold per tonne from 6 metres, which the new rig will follow up with extensional holes.

Mako Gold said in most cases a reverse circulation pre-collar to the depth limit of the RC rig has already been drilled, which the company will then diamond-tail with the diamond drill rig.

Mako’s Managing Director Peter Ledwidge said: “The diamond drill rig will allow us to test mineralisation at greater depth, in order to show the potential to add ounces to the deposit at depth.

“In addition, the oriented core samples from diamond drilling will unlock valuable structural and other geological information to better understand the deposit at Gogbala.”

Meanwhile, the company has completed over 11,000 metres of aircore drilling on the Komboro and Tchaga North prospects, with the aim of making a new discovery at Napié. Following phase one drilling, the company is now awaiting assays.

Mako Gold shares were unchanged at 9 cents in early trade.

MKG by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX launches liferafts in a sea of red and wounded

After shedding nearly double what futures had predicted, the ASX200 closed the day 1.8 per cent down.
The Market Online Video

Market Update: ASX slides deeper on a slippier than expected slope

The ASX200 has shed nearly double what futures predicted, trading down 2.05%

Wia Gold bumps up gold MRE at its Namibian project

Wia Gold (ASX:WIA) has revised its Mineral Resource Estimate (MRE) for gold at its Kokoseb deposit…
WIA Gold (ASX:WIA) - Chairman, Andrew Pardey

Wia Gold climbs on “outstanding potential” at Kokoseb in Namibia

Wia Gold has intercepted high-grade gold from its Kokoseb Gold Deposit in Namibia, highlighting "outstanding potential".