Mako Gold Ltd (ASX:MKG) has been granted a trading halt by the ASX with an announcement pending in relation to a proposed capital raising.
The trading halt will remain in place until the beginning of normal trading on Thursday, December 12, 2019, or when an announcement is released to the market, whichever occurs earliest.
Napié gold drilling
The company recently received assay results from its 19-hole program drilled at its Tchaga Prospect within the Napié Gold Project in Cote d’lvoire, West Africa.
Highlights from the reverse circulation (RC) program feature 36 metres at 3.09 g/t gold from 43 metres including 8 metres at 6.49 g/t gold.
The drill results to date have confirmed the presence of multiple gold mineralised zones along a strike length that has been extended to 1.4 kilometres.