- Mako Gold (MKG) releases a maiden JORC-compliant mineral resource estimate (MRE) for the Tchaga and Gogbala prospects in Côte d’Ivoire
- The combined MRE reads 22.45 million tonnes at 1.2g/t gold for 868,000 contained ounces of gold and accounts for only 4.4 kilometres of the 30-kilometre long Napié Shear
- Additional drilling will be undertaken at both prospects as Mako believes further work will significantly increase the grade of the resource
- Shares in Mako are up 1.27 per cent on the market and are trading at 8 cents at 11:45 am AEST
Mako Gold (MKG) has released a maiden JORC-compliant mineral resource estimate (MRE) for the Tchaga and Gogbala prospects in Côte d’Ivoire.
Both prospects lie within Mako’s flagship Napié Project and are two of the four prospects currently being explored by the company.
The inferred MRE for both prospects reads 22.45 million tonnes at 1.2g/t gold for 868,000 contained ounces of gold.
The MRE from Tchaga and Gogbala accounts for only 4.4 kilometres of the 30-kilometre long Napié Shear, with only 13 per cent having been systematically drilled.
Further, the resource is much shallower than the average 300-metre depth for recent projects in West Africa and stands at 195 metres at Tchaga and 160 metres at Gogbala.
The MRE from Tchaga comprises 14.6 million tonnes at 1.16g/t gold for 545,000 contained ounces of gold.
Grades increase at depth and further drilling at depth may significantly increase the resource.
The resource at the Gogbala deposit reads 7.8 million tonnes at 1.29g/t gold for 323,000 contained ounces of gold. Further drilling may also increase the grade.
“The maiden mineral resource estimate is a significant milestone for Mako Gold. It is the first step in our vision to discover a multi‐million‐ounce resource base at the Napié Project,” Managing Director Peter Ledwidge commented.
“This resource represents only 4.4 kilometres of the 30-kilometre shear zone and we have only ‘scratched the surface’ with respect to the broader exploration upside at Napié. We see a clear pathway to deliver a significant increase in the resource.
“We also have plans to drill depth extensions at Gogbala and Tchaga, while we continue to explore the Tchaga North and Komboro prospects, with the aim of advancing the Napié Project to a world‐class multi‐million‐ounce deposit.”
Shares in Mako were up 1.27 per cent on the market and were trading at 8 cents at 11:45 am AEST.