Mako Gold works to drive resource expansion through drilling at Napié Gold Project, Côte d’Ivoire

Mako Gold (ASX:MKG) is starting a diamond drilling (DD) program to follow up on ‘positive’ results from its latest 10,000m reverse circulation (RC) program at the Napié Gold Project in Côte d’Ivoire. 

The $16.12 million market capitalisation company aims to target ‘high-grade’ gold below previous RC and DD drilling intercepts, with the drilling work to provide ‘valuable’ structural information to improve targeting for future drilling along strike of the current 400m-spaced drill fences. 

About 8 holes are planned for 800m at the Gogbala South, Tchaga North, and Tchaga West targets.

Commenting on exploration activities, Mako Gold Managing Director Peter Ledwidge says: “Many of the positive intercepts returned from our recent RC drilling program were at very shallow depths, and drilling underneath these intercepts has the potential to encounter high-grade gold. 

We believe our methodical approach of auger drilling, wide-spaced RC drilling, followed up by DD, will allow us to prioritise new prospective areas quickly with the goal of growing our current 868,000-ounce maiden resource into a multi-million-ounce camp at the Napié Project.”

 

… drilling underneath these intercepts has the potential to encounter high-grade gold”

The company notes drilling is expected to take about 4 weeks, with assay results expected several weeks after. 

Mako Gold is an Australia-based exploration company focused on its flagship Napié Gold Project in Côte d’Ivoire. The company also owns the Korhogo Project, which consists of 2 permits adjacent to an operating mine near the Napié Gold Project.

On 31 March 2023, Mako had $1.34 million cash and cash equivalents at hand, according to its latest quarterly report published on 28 April 2023.

Write to Aaliyah Rogan at Mining.com.au

Images: Mako Gold Ltd
Author Image
Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.