Total
0
Shares
Mako Gold (ASX:MKG) - Managing Director, Peter Ledwidge - The Market Herald
Managing Director, Peter Ledwidge
Source: HotCopper
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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.

MKG by the numbers
More From The Market Herald
Ookami (ASX:OOK) to purchase stakes in two African exploration projects

" Ookami (ASX:OOK) to purchase stakes in two African exploration projects

Ookami (OOK) has agreed to purchase interests in two African mineral exploration projects, Boulbi and Messok East.
Conico (ASX:CNJ) - Chairman, Greg Solomon - The Market Herald

" Conico (ASX:CNJ) subsidiary signs Greenland drilling contract

Conico’s (CNJ) subsidiary, Longland Resources, has signed a contract with Cartwright Drilling for work at the Ryberg Project in Greenland.
PolarX (ASX:PXX) - Managing Director Frazer Tabeart - The Market Herald

" PolarX (ASX:PXX) augments Humboldt Range lode claims

PolarX (PXX) has significantly increased its landholding at its Humboldt Range gold and silver project in Nevada.
Victory Mines (ASX:VIC) begins RC drilling at Coogee

" Torrens Mining (ASX:TRN) begins seismic survey at Mt Piper

Gold and copper exploration company Torrens Mining (TRN) has begun a passive seismic survey at its Mt Piper Gold Project.