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Mako Gold (ASX:MKG) - Managing Director, Peter Ledwidge - The Market Herald
Managing Director, Peter Ledwidge
Source: HotCopper
  • Mako Gold (MKG) has received the next batch of assay results from its drilling program at its Tchaga Prospect within the Napié Project in Côte d’Ivoire
  • The drilling program commenced in June and is expected to run through until December
  • Nine of the reported 14 holes have intersected significant gold mineralisation with six gold intercepts are considered extremely significant
  • Managing Director Peter Ledwidge said “once again, the Tchaga Prospect delivers multiple wide and high-grade gold intercepts"
  • Despite this positive news, Mako is down 20.7 per cent and is trading for 11.5 cents per share

Mako Gold (MKG) has received the next batch of assay results from its drilling program at its Tchaga Prospect within the Napié Project in Côte d’Ivoire.

The company has an ongoing 10,000-metre reverse circulation (RC) and diamond drilling (DD) program on Tchaga, which is scheduled to run through until December.

Nine of the reported 14 holes have intersected significant gold mineralisation with six gold intercepts are considered extremely significant.

Drill results include eight metres at 3.39g/t of gold from 63 metres, including two metres at 8.45g/t gold and 36 metres at 3.09g/t of gold from 43 metres.

“Once again, the Tchaga Prospect delivers multiple wide and high-grade gold intercepts," Managing Director Peter Ledwidge said.

"Having nine of the 14 holes reported on encounter significant gold mineralisation increases our confidence in the prospectivity of the Tchaga Prospect. We are also highly encouraged by the increase in continuity of gold mineralisation, both
along strike and at depth," he added.

Mako currently owns 51 per cent of the Napié Project and has the ability to earn up to 75 per cent interest after signing a farm-in agreement with Occidental Gold
SARL, a subsidiary of Perseus Mining.

Despite this positive news, Mako is down 20.7 per cent and is trading for 11.5 cents per share at 12:36 pm AEST.


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