Mako Gold Ltd's (ASX:MKG) assay results have doubled the length of a gold mineralised zone to 1-kilometre on Tchaga prospect along an interpreted 17km-long shear at Napié Gold Project in Côte d’Ivoire.
The company has received results of up to 1-metre at 16.12 g/t gold from the first 16 RC holes of a recent 24-hole reverse circulation drilling program for 3,664 metres at Tchaga.
Assays for the remaining eight drill holes on this prospect as well as three further exploratory drill holes on the regional trend are expected shortly.
Shares have been up as much as 26% to an intra-day high of 11 cents.
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Mako managing director Peter Ledwidge said: “We are encouraged by the results received to date from our recent drilling program on Tchaga which has further enhanced the potential of the project.
“We eagerly await the remaining assay results from our Tchaga drilling which may extend the mineralised trend even further, as well as our regional drilling results."
The current drill program was designed to extend mineralisation outlined over a 500-metre strike length in previous drill programs on the prospect.
Drill results from the Tchaga prospect in July 2019 with previous results
Multiple broad and high-grade zones of gold mineralisation were intersected in shallow drilling.
Notable intersections include:
- 18 metres at 3.25 g/t gold from 39 metres;
- 23 metres at 2.46 g/t from 15 metres;
- 15 metres at 1.13 g/t from 104 metres;
- 2 metres at 6.37 g/t from 4 metres;
- 27 metres at 1.29 g/t from 15 metres;
- 4 metres at 3.19 g/t from 72 metres;
- 10 metres at 0.95 g/t from 72 metres; and
- 1 metre at 16.12 g/t from 7 metres.
Substantial drill intersections returned from previous drilling on Tchaga prospect include:
- 8 metres at 8.53 g/t from 31 metres;
- 25 metres at 3.43 g/t from 53 metres;
- 17 metres at 2.43 g/t from 86 metres; and
- 28 metres at 4.86 g/t from 83 metres.
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In the regional program, three RC drill holes were drilled along one fence for a total of 477 metres.
The purpose was to test the interpreted shear in an undrilled area between the Tchaga and Gogbala prospects.
It appears that mineralisation intersected at these prospects may be part of the same system and both lie along the recently interpreted 17-kilometre-long shear zone.
Positive results from the remaining drill holes may further extend the mineralised zone on Tchaga and results will be reported as they come to hand.
Mako is earning up to a 75% interest in the Napié project under a farm-in and joint venture agreement with Occidental Gold SARL, a subsidiary of West African gold miner Perseus Mining Limited (ASX:PRU) (TSE:PRU).
The company currently holds a 51% interest in the permit and is operator of the project.