Mako Gold

Mako extends Tchaga Prospect strike length to 2km leading into MRE

Mako Gold Limited (ASX:MKG) has reported that results from recent RC drilling at its Tchaga Prospect have extended mineralisation by 140m, increasing total strike length to 2km.

The results within the flagship Napié Project in Côte d’Ivoire come as the company sees “significant potential” to further extend mineralisation, with a large portion of soil geochemical anomalies remaining undrilled.

Key results from the drill program include:

  • Hole NARC497: 36m @ 1.11 g/t Au from 40m; including
    • 10 m @ 1.92 g/t Au from 40m; and
    • 18 m @ 0.99 g/t Au from 58m
  • Hole NARC467: 26m @ 1.01 g/t Au from 92m; including
    • 9m @ 1.09 g/t Au from 100m; and
    • 5m @ 2.55 g/t Au from 113m
  • Hole NARC460: 2m @ 9.42 g/t Au from 36m
  • Hole NARC461: 1m @ 23.47 g/t Au from 82m
  • Hole NARC469: 9m @ 1.33 g/t Au from 86m
  • Hole NARC466: 5m @ 1.67 g/t Au from 28m; and 9m @ 1.26 g/t Au from 99m
  • Hole NARC490: 7m @ 1.95 g/t Au from 105m

Mako reports that 22 of 29 completed drill holes intersected “significant” mineralisation, with results likely to expand the size of the upcoming maiden MRE. Mineralisation remains open in all directions.

Map of the Tchaga Prospect displaying intersections within the expanded 2km strike length
Map of the Tchaga Prospect displaying intersections within the expanded 2km strike length

Napie Project, Côte d’Ivoire

The 225km² Napie Project covers a total strike length of 30km and is situated within an under-explored greenstone belt in the central-north of Côte d’Ivoire, ~30km southeast of the city of Korhogo.

Mako holds a 51% ownership in the project, and is working towards 75% ownership via a farm-in agreement with JV partner Occidental Gold SARL, a subsidiary of ASX-listed Perseus Mining Limited (ASX:PRU).

Maiden drilling was competed in 2018, with results to date demonstrating “high grade, shallow” gold mineralisation.

“We have significantly increased the size of Lode 1 and intend to apply this same strategy to the other lodes we have discovered to date at Tchaga”

Management comments

Mako Gold’s Managing Director Peter Ledwidge said: “Our exploration strategy is paying off, as we once again increase the mineralised footprint of the Tchaga Prospect with our methodical approach of following mineralisation along strike on each lode, as well as targeting new lodes to the south and north of known lodes. We have significantly increased the size of Lode 1 and intend to apply this same strategy to the other lodes we have discovered to date at Tchaga. The extension of Lode 1 indicates a potential increase to the size of our upcoming Maiden Resource Estimate. Drilling is ongoing at Tchaga, and we anticipate receipt of more results shortly.”

Images: Mako Gold Limited
Written By Tristan Gray
Originally from Canada, Tris trained as a journalist but early in her career moved into marketing and advertising. Tris now spends her days managing the mining.com.au systems and processes while overseeing all company operations.