Join our daily newsletter At The Bell to receive exclusive market insights
- Mako Gold (MKG) has received assay results for a further 17 reverse circulation (RC) drill holes at its Napié Project in Côte d’Ivoire
- Results come from the Tchaga Prospect and the Tchaga North Prospect which are associated with a gold soil anomaly
- Grades peaked at 4.59g/t gold from Tchaga and 3.96g/t gold from Tchaga North
- Furthermore, the results from Tchaga have extended the gold mineralisation 250 metres north
- Mako is now waiting for results from an additional 13 RC holes and 14 diamond core holes which will be shipped for assay next week
- Company shares have dropped 30.3 per cent in early morning trade and are currently trading for 11.5 cents each
Mako Gold (MKG) has received assay results for a further 17 reverse circulation (RC) drill holes at its Napié Project in Côte d’Ivoire.
The company has now received results from 41 holes of the planned 90-hole program that is currently underway.
Results come from the Tchaga Prospect and the Tchaga North Prospect which are associated with a +40ppb (parts per billion) gold soil anomaly.
Tchaga Prospect
Mako has received results from eight holes at Tchaga on the resource target area.
Best results include three metres at 4.59g/t gold from 100 metres, three metres at 2.67g/t gold from 38 metres, and four metres at 2.44g/t gold from eight metres.
An additional six RC holes were drilled outside of the maiden resource target to test multiple parallel IP (induced polarisation) highs.
Two of the holes intersected significant gold mineralisation that warrant follow-up drilling and extended the strike-length of the gold mineralisation 250 metres north.
Significant results include 11 metres at 1.04g/t gold from 89 metres, five metres at 0.83g/t gold from 82 metres, and 13 metres at 0.79g/t gold from 66 metres.
Tchaga North Prospect
The remaining three holes were drilled at Tchaga North to follow-up on high-grade results from 2018.
Best results include three metres at 3.96g/t gold from 55 metres and one metre at 1.92g/t gold from 97 metres.
“We are pleased to have extended the gold mineralised zone on the Tchaga Prospect by a further 250 metres north, along strike, and to have intersected a modest zone of mineralisation 80 metres south of our 2018 positive drill results on Tchaga North,” Managing Director Peter Ledwidge said.
“In certain areas where we intersected modest gold mineralisation, we believe that we may be on the edge of one of the high-grade plunging mineralised shoots,” he added.
Mako is now waiting for results from an additional 13 RC holes and 14 diamond core holes which will be shipped for assay next week with results expected in mid-October.
Company shares have dropped 30.3 per cent in early morning trade and are trading for 11.5 cents each at 10:29 am AEST.
