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