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Mako Gold Drilling Expands Tchaga Project

THE DRILL SERGEANT: Mako Gold (ASX: MKG) reported assay results from reverse circulation (RC) and diamond drilling holes from an ongoing drilling program at the Tchaga prospect within the company’s Napié project in Côte d’Ivoire.

Mako gold said the latest results, including…

NARC404DD
17 metres at 3.06 grams per tonne gold; and

NARC419DD
9.85m at 6.63g/t gold.

…had validated the company’s methodical approach of infill drilling as well as drilling along-strike, and down-dip of previously identified mineralised lodes.

The system increases the footprint of each lode and targets new lodes, with the aim of delivering a Maiden Mineral Resource Estimate later this year.

“The footprint of the Tchaga project continues to expand as exploration progresses with further high-grade drill intersections and new largely untested lodes that have been defined,” Mako Gold managing director Peter Ledwidge said in the company’s ASX announcement.

“The deeper high-grade results reported are significant as these confirm the high-grade shoots within the broader mineralised envelope on multiple cross-sections.

“The confirmation of these high-grade intercepts at depth increases confidence in Mako being able to deliver a robust Maiden Mineral Resource Estimate with gold mineralisation present from surface to the base of a conceptual pit.

“Drilling is ongoing at Tchaga to further extend the strike-length of known mineralised lodes as well as the newly identified lodes.

“We look forward to providing constant news flow with our drilling progressing well and assay turnaround times back on track now that we are utilising two assay laboratories.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@makogold.com.au

 

Web: www.makogold.com.au

 

Mako Gold Extends Gogbala Gold Zone

THE DRILL SERGEANT: Mako Gold (ASX: MKG) reported on recent drilling carried out at the company’s Napié project in Côte d’Ivoire.

Mako Gold received the assay results for the final 23 holes of a reverse circulation (RC) drill program from the Gogbala prospect, and for 13 holes of a RC drill program from Target H.

Intersections from final drill holes received at Gogbala include:

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5 metres at 3.28 grams per tonne gold from 91m, including 1m at 10.74g/t gold from 92m; and

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3m at 2.36g/t gold from 42m.

Wide-spaced drilling on Target H returned:

NARC366
22m at 0.25g/t gold.

Mako Gold declared these results have confirmed the continuity of the mineralised gold system between the Gogbala and Tchaga prospects.

“We are highly encouraged by the overall success of our reconnaissance drilling at the Gogbala prospect,” Mako Gold managing director Peter Ledwidge said in the company’s ASX announcement.

“The final results…in conjunction with our previously reported results, from drilling on fourteen widely spaced drill fences, have delineated two high-priority one kilometre-long targets for follow-up drilling as well as five secondary targets over a four kilometres strike-length for follow-up step-out drilling.

“Each one kilometre-long target is similar in size as the main body of the Tchaga prospect, which we are currently advancing towards a maiden resource, and they may potentially host high-grade deposits comparable to Tchaga.

“The company’s short-term focus is to deliver the maiden resource on Tchaga.

“Following this, the two high priority drill targets outlined in this drill program on Gogbala will become the focus of intense drilling in order to deliver significant growth to the Napié project.

“In addition, 13 exploration holes drilled on Target H in four wide-spaced fences between the Gogbala and Tchaga prospects have confirmed gold mineralisation between the two most advanced prospects along the 30 kilometres shear on the Napié Permit and warrant follow up drilling in the future to locate higher-grade lodes.

“Drilling is ongoing at Tchaga and the laboratory issues have been resolved.

“We look forward to providing drilling results as they come to hand.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@makogold.com.au

 

Web: www.makogold.com.au

 

Mako Gold Extends Mineralisation at Depth at Tchaga

THE DRILL SERGEANT: Mako Gold (ASX: MKG) received assay results from the latest drill program on the Tchaga prospect at the company’s Napié project in Côte d’Ivoire.

Mako Gold’s recent drilling program consisted of four diamond drilling holes on the Tchaga prospect, two of which extended previous reverse circulation (RC) drill holes to test mineralisation at greater depth and to test for continuity of gold mineralisation down dip.

Highlights include:

NARC058DD
1.8 metres at 3.86 grams per tonne gold from 162.2m
7.7m at 11.65g/t gold from 169m, including 3.55m at 23.06g/t gold from 171.7m, including 1m at 47.3g/t gold from 172m
3.25m at 1.23g/t gold from 179.75m
8.1m at 2.02g/t gold from 199.9m, including 2.1m at 4.54g/t gold from 199.9m
2m at 1.87g/t gold from 218m

NADD008
2.3m at 16.04g/t gold from 64.7m, including 1m at 28.06g/t gold from 64.7m

NARC056DD
6m at 1.85g/t gold from 174m, including 1m at 8.19g/t gold from 177.9m
7.4m at 1.29g/t gold from 183m, including 1.6m at 3.3g/t gold from 185m

“The high-grade results we have received from this short four-hole DD program further increases our confidence in the potential of the Napié project, and in the short term, advances the Tchaga prospect one step closer to a Mineral Resource,” Mako Gold managing director Peter Ledwidge said in the company’s announcement to the Australian Securities Exchange.

“I am highly encouraged that we have extended gold mineralisation from 120 metres down to 185 metres vertical metres and that we have encountered high-grade mineralisation at those depths.”

Mako will earn 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 Perseus Mining (ASX: PRU).

Mako currently holds a 51 per cent interest in the permit and is operator of the project.

 

Web: www.makogold.com.au

 

Mako Gold Doubles Napié Project Strike Length

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:

NARC080
18 metres at 3.25 grams per tonne gold from 39m;

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23m at 2.46g/t gold from 15m;

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15m at 1.13g/t gold from 104m;

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2m at 6.37g/t gold from 4m;

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27m at 1.29g/t gold from 15m;

NARC073
4m at 3.19g/t gold from 72m.

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10m at 0.95g/t gold from 66m; and

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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.”

 

Website: www.makogold.com.au

 

Mako Gold Recommences Côte d’Ivoire Drilling

THE DRILL SERGEANT: Mako Gold (ASX: MKG) has recommenced drilling at the company’s Napié project in Côte d’Ivoire.

Mako Gold indicated the planned drilling program will concentrate on areas close to a mineralised shear on the Tchaga Prospect, as well as regionally test the undrilled areas along an interpreted shear between the Tchaga and Gogbala prospects.

The company encountered multiple wide gold zones, including high-grade intervals, during previous drilling on the Tchaga prospect.

The aim of the current RC drilling program on Tchaga is to extend gold mineralisation over a strike length of 1.4 kilometres by targeting the dilational jog (curvature of shear) along the 17km shear.

The company also intersected gold in wide-spaced drilling undertaken on the Gogbala prospect, which it considers having demonstrated potential for large deposits.

Mako Gold believes that gold mineralisation intersected at the Tchaga and Gogbala prospects could be part of the same system as they both lie along the newly interpreted 17km-long shear zone.

The regional drilling program is planned to drill test this mineralised shear with wide-spaced drill fences between the two prospects.

“The current drilling campaign aims to extend mineralisation to 1.4 kilometres on the Tchaga prospect, which we view as the next step to progress towards a resource, and to highlight the ‘blue sky’ along nine kilometres of the 17 kilometre interpreted shear, thereby demonstrating the potential for one or more large gold deposits along the shear,” Mako Gold managing director Peter Ledwidge said in the company’s announcement to the Australian Securities Exchange.

“Mako looks forward to providing results of the drilling program.”

 

Website: www.makogold.com.au