THE DRILL SERGEANT: Mako Gold (ASX: MKG) reported assay results from the first sixteen holes of a recent twenty-seven hole reverse circulation (RC) drill program at the company’s Napié project in Côte d’Ivoire.
Mako Gold is earning up to a 75 per cent interest in the Napié project under a farm-in and Joint Venture agreement with Occidental Gold SARL, a subsidiary of West African-focused gold miner Perseus Mining (ASX: PRU).
Mako currently holds 51 per cent interest in the permit and is operator of the project.
The recent drilling consisted twenty-four RC drill holes drilled on the Tchaga prospect and three RC holes to test mineralisation between the Tchaga and Gogbala prospects.
The drilling was designed to extend mineralisation previously outlined over a 500 metre strike length on the Tchaga prospect.
Mako said the assays it has received to date from drilling on Tchaga have doubled the strike extent of gold mineralisation to one kilometre.
Broad and high-grade zones of gold mineralisation were intersected in shallow drilling, returning results including:
18 metres at 3.25 grams per tonne gold from 39m;
23m at 2.46g/t gold from 15m;
15m at 1.13g/t gold from 104m;
2m at 6.37g/t gold from 4m;
27m at 1.29g/t gold from 15m;
4m at 3.19g/t gold from 72m.
10m at 0.95g/t gold from 66m; and
1m at 16.12g/t gold from 7m.
Mako is currently awaiting assays from drilling of the three further RC drill holes testing the interpreted shear in an undrilled area between the gold mineralised Tchaga and Gogbala prospects.
The company believes the gold mineralisation intersected at the Tchaga prospect and the Gogbala prospect could be part of the same system and both lie along the recently interpreted 17km-long shear zone.
“We are encouraged by the results received to date from our recent drilling program on Tchaga, which has doubled the strike length of gold mineralisation and further enhanced the potential of the project,” Mako Gold managing director Peter Ledwidge said in the company’s announcement to the Australian Securities Exchange.
“We eagerly await the remaining assay results from our Tchaga drilling which may extend the mineralised trend even further, as well as our regional drilling results.
“Mako looks forward to providing the final assay results from the drilling program shortly.”