Mako Gold (ASX:MKG) has expanded the Tchaga North target, as part of its majority owned (90%) flagship Napié Project in Côte d’Ivoire, to 250m.
The $12.68 million market capitalisation company says Tchaga North has been expanded from further rock chip sampling results at the new Double Zone.
As of 10:35am AEDT, Mako’s share price has witnessed an increase of 15.384% to $0.015 per share on the back of today’s (5 March 2024) announcement.
‘High-grade’ rock chips, gathered from new active artisanal mining pits in the recently identified east-west structural trend which has yet to be drill tested, has yielded gold grades up to 22.46 grams per tonne.
The presence of gold grades up to 12.85g/t Au in host rock also indicates that gold is not restricted to quartz veins.
The Double Zone sits on the western greenstone/granite contact and is considered a high priority drill target.
Managing Director Peter Ledwidge says: “The consistent high-grade rock chip results at Double Zone along with its increasing strike length and width potential makes this a compelling high-priority drill target.
Our team’s mapping and rock chip sampling continue to delineate a growing zone that now reaches 250m strike length when one includes the single RC hole that returned 1m at 45g/t Au.
Ongoing work confirms the discovery of a high-grade east-west gold system at Tchaga North in an orientation which is yet to be drilled.
The company also announces Ledwidge, alongside General Manager Exploration Ann Ledwidge, will depart this week for 5 weeks for boots-on-the-ground evaluation of the new ‘high-grade’ targets and for due diligence for the potential Goldridge transaction.
Once mapping/sampling and the management on-the-ground assessment of Tchaga North are complete, new ‘high-grade’ targets will be designed for the next drilling program.
Mako Gold is an explorer focused on advancing its flagship Napié Gold Project in the West African Birimian Greenstone Belts, which hosts more than 70 plus 1 million ounce gold deposits.
Write to Adam Drought at Mining.com.au
Images: Mako Gold
