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Mako Gold granted consecutive trading halts with capital raising news pending

Assay results were received for a further five RC holes on of the 10,000-metre ongoing drilling program on the Tchaga prospect on August 11.

Mako Gold Ltd - Mako Gold seeks two consecutive trading halts ahead of capital raising
The Tchaga prospect is associated with a +40ppb gold soil anomaly coincident with a +30-kilometre-long shear zone

Mako Gold Ltd (ASX:MKG) has been granted two consecutive trading halts by the ASX for the purpose of planning and executing a capital raise.

The trading halt will remain in place until the beginning of trade on Tuesday, August 25, or when an announcement is released to the market, whichever occurs earliest.

High-grade gold results

Mako recently received further high-grade results of up to 13 metres averaging 20.82 g/t gold that demonstrate thick and high-grade mineralisation within 50 vertical metres of surface at Tchaga prospect at the Napié Gold Project in Côte d’Ivoire.

The company has received the next batch of assays from five reverse circulation (RC) holes in an ongoing 10,000-metre RC and diamond drilling program.

Within the 13-metre intersection from 32 metres in hole NARC145 was 9 metres averaging 29.45 g/t and the result includes multiple high-grade single metre assays up to 102.5 g/t.

Quick facts: Mako Gold Ltd

Price: 0.11 AUD

ASX:MKG
Market: ASX
Market Cap: $28.21 m
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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