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Gold & silver

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 Ltd (ASX:MKG) has resumed work at Tchaga prospect of the Napié Gold Project in Côte d’lvoire with 2,000 metres of reverse circulation (RC) drilling to follow-up previous high-grade intercepts including 28 metres at 4.86 g/t gold.

The company 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 Ltd (ASX:PRU).

Mako currently holds a 51% interest in the permit and is the operator of the project.

The drilling program is following up on the positive results received from three other targets which host ‘significant’ gold intersections.

Napié project – prospects and drill targets.

Managing director Peter Ledwidge said: “We are excited to be drilling again on the Tchaga prospect.

“The results of this drill program should help unlock another piece of the puzzle of our geological modelling of gold mineralisation and bring Mako closer to a resource on the Tchaga prospect.

“Mako looks forward to providing updates on drill results as they come to hand.”

The company will focus on the more advanced Tchaga prospect in its endeavour to better understand the gold mineralisation and to help move towards outlining a JORC-compliant gold resource.

The Tchaga prospect is associated with a more than 40ppb gold soil anomaly and is along a 17-kilometre-long shear zone, which is thought to be a major control for gold mineralisation.

A cross-section of the Tchaga prospect looking north with examples of down-dip drill targets

The shear zones and soil anomalies present excellent regional targets for future drill testing.

Current and previous drill results including 28 metres at 4.86 g/t gold and 25 metres at 3.43 g/t confirm the presence of multiple gold mineralised zones along a strike length of 1 kilometre.

This RC program will infill along strike, between sections as well as drilling above and below wide zones of mineralisation encountered in the previous drilling.

The purpose of the program is to demonstrate the continuity of gold mineralisation within the 1-kilometre target area, which would increase confidence in the modelling of the mineralised trend.

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