leadf
logo-loader
viewMako Gold Ltd

Mako Gold continues to deliver broad high-grade gold in Tchaga drilling

The prospect continues to deliver solid gold results, with the company aiming to advance towards a maiden JORC resource.

Mako Gold Ltd - Mako Gold drilling at the Tchaga Prospect continues to deliver high-grade gold
The planned 90-hole drill program is scheduled to run through to December 2020

Mako Gold Ltd (ASX:MKG) has enhanced the golden bounty of its Napié Gold Project in Côte d’Ivoire through broad high-grade results from ongoing drilling at the Tchaga prospect.

Assay results for another 14 reverse circulation (RC) holes of the 10,000-metre RC and diamond drilling program have been received with nine holes returning strong gold mineralisation.

Best results are 8 metres at 3.39 g/t gold from 63 metres including 2 metres at 8.45 g/t, 9 metres at 2.31 g/t from 79 metres, 11 metres at 3.06 g/t from 84 metres, 9 metres at 3.09 g/t from 43 metres including 2 metres at 8.09 g/t, and 7 metres at 5.46 g/t from 34 metres.

Confidence increased

Mako managing director Peter Ledwidge said: “Once again, the Tchaga Prospect delivers multiple wide and high-grade gold intercepts.

“Having 9 of the 14 holes reported on encounter significant gold mineralisation increases our confidence in the prospectivity of the Tchaga Prospect.

“We are also highly encouraged by the increase in continuity of gold mineralisation, both along strike and at depth.

“We look forward to reporting further results as they come to hand.”

High-grade results

Other strong results are:

  • 21 metres at 0.94 g/t from 120 metres;
  • 8 metres at 1.33 g/t from 149 metres;
  • 4 metres at 8.24 g/t from 70 metres;
  • 23 metres at 1.49 g/t from 5 metres;
  • 6 metres at 1.74 g/t from 15 metres;  
  • 10 metres at 1.36 g/t from 93 metres - hole ended in mineralisation;
  • 14 metres at 1.14 g/t from surface;
  • 8 metres at 4.06 g/t from 18 metres;
  • 19 metres at 1.25 g/t from 33 metres; and
  • 15 metres at 1.18 g/t from 61 metres.

The Tchaga prospect is associated with a +40 parts per billion gold soil anomaly coincident with a +30 kilometre-long shear zone, thought to be a major control for gold mineralisation.

Select gold intercepts from current and previous drilling

Next steps

Assays have now been received for 19 of the planned 90-hole drill program, which is scheduled to run through to December 2020.

Extensive Induced Polarisation (IP) anomalies remain to be tested in the Tchaga Prospect and Tchaga North Prospects, with the company also planning an IP survey over the Gogbala Prospect (6 kilometres south of Tchaga), after the rainy season.

Quick facts: Mako Gold Ltd

Price: 0.115 AUD

ASX:MKG
Market: ASX
Market Cap: $29.49 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Mako Gold Ltd named herein, including the promotion by the Company of Mako Gold Ltd in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Mako Gold working towards maiden resource at Napié Gold Project

Mako Gold Ltd's (ASX:MKG) Peter Ledwidge speaks to Proactive's Andrew Scott while at the Mines & Money event in London 2019. They've recently completed 19 reverse circulation (RC) holes for 2,090 metres at its Tchaga Prospect within the Napié Gold Project in Cote d’lvoire, West...

on 25/11/19

2 min read