- Mako Gold (MKG) secures a second drill rig to accelerate exploration at its flagship Napié Project in Côte d’Ivoire
- Drilling is being carried out across the Tchaga and Gogbala prospects, both of which are located on a soil geochemical anomaly that measures more than 23 kilometres
- Mako’s short-term objective is to release a maiden mineral resource estimate for both prospects, while its long-term objective is to discover new zones
- Results will be delayed due to IT issues at the company’s primary assay laboratory, so the next batch of assays will be sent to its secondary assay laboratory
- Shares in Mako are down 4.17 per cent on the market and are trading at 11.5 cents
Mako Gold (MKG) has secured a second drill rig to accelerate exploration at its flagship Napié Project in Côte d’Ivoire.
Drilling is being carried out across the Tchaga and Gogbala prospects, both of which are located on a soil geochemical anomaly that measures more than 23 kilometres.
Mako’s short-term objective is to release a maiden mineral resource estimate for Tchaga and Gogbala in H1 2022.
The company’s longer-term objective is to discover new zones which could be advanced to target a multi-million-ounce project-scale resource.
Managing Director Peter Ledwidge is pleased to have secured a second rig.
“We are very pleased to have secured a second drill rig for the Napié Project. The second rig will accelerate exploration as we move towards our maiden mineral resource estimate scheduled for the first half of calendar year 2022,” Mr Ledwidge commented.
“Having two drill rigs will allow Mako to focus on drilling the Gogbala Prospect while also completing the extensional diamond drilling on the Tchaga Prospect.”
Drilling at the Gogbala Prospect is aiming to target undrilled zones along strike from previous high-grade intercepts.
Mako’s immediate focus is the south of the area, which returned a result of 20 metres at 1.92 grams of gold per tonne (g/t).
Significant results include two metres at 16.81g/t gold from two metres, seven metres at 6.70g/t gold from six metres and three metres at 6.40g/t gold from 58 metres.
A second drill rig is currently on route to the Tchaga Prospect to continue diamond drilling, which has been ongoing since the end of the wet season.
The planned drilling is extensional and not infill, meaning significant mineralisation should add potential to the maiden mineral resource estimate.
Significant results include two metres at 24.06g/t gold from 112 metres, nine metres at 22.73g/t gold from 36 metres and 13 metres at 20.82g/t gold from 32 metres.
Results from both prospects will be slightly delayed due to IT issues at the primary assay laboratory.
As a result, Mako may send the next batch of samples to its secondary lab until the issues are solved.
Shares in Mako were down 4.17 per cent on the market and were trading at 11.5 cents at 3:12 pm AEDT.