Mako Gold signs definitive sale agreement with Nordgold for Niou project
The sale of Niou allows Mako to focus exploration efforts on the flagship Napie project in Cote d’Ivoire, with drilling expected to commence in early July.
Company
Mako Gold Ltd
ASX:MKG
Mako Gold Ltd (ASX:MKG) is an Australian based exploration company focused on advancing its flagship Napié Gold Project in Côte d’Ivoire located in the West African Birimian Greenstone Belts which hosts more than 70 +1Moz gold deposits. Senior management has a proven track record of high-grade gold discoveries and delineation of Mineral Resources in West Africa.
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Mako Gold's strongly supported placement raises A$3.25 million to fund Napié gold exploration
The placement positions Mako with a strong cash balance of $4.8 million to execute a systematic exploration and growth strategy.
Mako Gold granted consecutive trading halts with capital raising news pending
A binding term sheet has been signed with Nordgold for the sale of projects in Burkina Faso with funds to be used for exploration at the Cote d’Ivoire projects.
Mako Gold to sell Niou project in Burkina Faso to Nordgold for US$700,000
A binding term sheet has been signed with Nordgold for the sale of the Niou project with funds to be utilised for exploration at the company's Cote d’Ivoire projects.
Mako Gold results of up to 1-metre at 47.3 g/t gold extend Tchaga at depth
Diamond drilling has intersected several high-grade zones and confirmed down-dip continuity of the gold mineralised zone.
Mako Gold completes diamond drilling at Napié Project in Cote d'Ivoire
Mako Gold is focused on drilling at its Napie project with the aim of outlining a gold resource by the fourth quarter 2020.
Mako Gold has diamond drill spinning at Tchaga prospect of Napié Gold Project
The new drilling program is following up broad high-grade results of up to 36 metres at 3.09 g/t from 43 metres.
Mako Gold one of five junior precious metals companies in Africa to watch in 2020
Companies in the precious metals sector with projects to watch in 2020 are Mako Gold, Perseus Mining, Tietto Minerals, Hummingbird Resources and Caledonia Mining.
Mako Gold to resume drilling Tchaga at Napié project in West Africa
Mineralisation on the prospect is along a coincident +17-kilometre-long shear zone - thought to be a major control for gold mineralisation.
Mako Gold secures funding in share placement for Tchaga drilling
The valuable funds will be used to continue drilling at the emerging Tchaga Prospect where recent results included 36 metres at 3.06 g/t gold.
Mako Gold in trading halt with capital raising news pending
The company recently completed a drilling program at the Napié Gold Project in Cote d’lvoire, West Africa.
Mako Gold drill results include 36 metres at 3.1 g/t gold at Tchaga Prospect
The results will be used to estimate a maiden JORC resource for a small portion of the Tchaga Prospect.
Mako Gold completes 19 holes at Tchaga Prospect, assays pending
Mako owns 51% and is operator of the Napié Project alongside ASX major gold producer Perseus Mining.
Mako Gold’s operations unaffected by recent attack in eastern Burkina Faso
The Niou Gold Project is in the centre of the country, well away from the area of the attack.
Mako Gold resumes drilling at Tchaga prospect of Cote d’lvoire gold project
The purpose of the program is to follow-up previous high-grade intersections, infill drill on previous sections and increase confidence in the geological model.
Mako Gold managing director shows faith in gold strategy through on-market purchase
Peter Ledwidge has this month purchased more than 246,000 shares with a value exceeding $20,360.
Mako Gold to commence follow-up drilling at Tchaga prospect shortly
Mako’s flagship project is the Napié Project is located in north-central Côte d’Ivoire where it is earning up to a 75% interest.
Mako Gold signs drill-for-equity deal with Geodrill for projects in West Africa
The agreement effectively allows Mako to drill at half of its normal drilling contractor cash costs.
Mako Gold preliminary metallurgy work produces 94.5% gold recovery at Tchaga
Being able to recover gold from the ore that holds it is essential to an economic mining operation.
Mako Gold focused on golden Cote d’lvoire and Burkina Faso exploration terrain
The company’s MD and exploration manager are taking part in the Africa Down Under conference this week.