Mako Gold Ltd (ASX:MKG) has returned the widest drill intercept to date from Gogbala Prospect at the southernmost drilled zone of the Napié Fault in Côte d’Ivoire with 35 metres at 1.72 g/t gold.
The company believes that more drilling at Gogbala will delineate stacked high-grade gold lodes similar to the Tchaga Prospect, which will help advance the Gogbala Prospect quickly to a maiden mineral resource estimate.
Positive drill results from Gogbala, one of several prospective zones on the 30 kilometre-long Napié Fault, advance Mako’s goal of delineating a multi-million-ounce resource on the Napié Permit.
The assay results are from nine reverse circulation (RC) drill holes from the 10,000 metres drilling program at Gogbala and eight RC drill holes from the ongoing 10,000 metres drilling program at the Tchaga Prospect, at its flagship Napié Project.
Further drill assay results are pending for two diamond drill holes at Gogbala
Drilling will resume at Napié within two weeks, with additional drilling planned post wet season aims to extend shallow, wide gold mineralisation to the south along the Napié Fault.
"Outstanding results"
Mako managing director Peter Ledwidge said: “The Gogbala Prospect continues to deliver outstanding results with the widest drill intercepts received to date.
“We are particularly pleased that the two best results in this announcement, 35 metres at 1.72 g/t gold and 20 metres at 1.92 g/t are located at the southern extent of our drilling along the west splay of the Napié Fault.
“This gives us plenty of runway to extend the wide and high-grade mineralisation by continuing to drill south along the fault."
Shares have been as much as 9.52% higher this morning to 11.5 cents and are up from 8.7 cents at the end of September.
Extend mineralisation
“We anticipate that this will extend mineralisation past the 2-kilometre strike length we have already delineated on the high-priority portion of the Gogbala Prospect," he said.
"We are also pleased with the high-grade drill results at the southern end of the Tchaga Prospect, which once again confirms that mineralisation continues south of the watercourse, which is interpreted to be a fault.
“We feel that we are close to finding the 'sweet spot' south of the watercourse and are optimistic that further drilling will lead us to additional wide and high grade stacked lodes that have repeatedly been discovered on the Tchaga Prospect."
The company’s staff and drilling contractor in the country are having a short break and drilling will resume within two weeks.
Drill results
All holes from Gogbala intersected significant mineralisation, with results highlights include:
NARC553:
- 35 metres at 1.72 g/t gold from 43 metres including 2 metres at 7.91 g/t from 44 metres and 6 metres at 3.93 g/t from 64 metres including 2 metres at 7.07 g/t from 64 metres.
NARC552:
- 20 metres at 1.92 g/t from 33 metres including 2 metres at 4.90 g/t from 35 metres, 1-metre at 9.64 g/t from 43 metres and 1-metre at 6.78 g/t from 52 metres.
NARC557:
- 3 metres at 9.41g/t from 117 metres including 2 metres at 13.03g/t from 118 metres.
NARC554:
- 6 metres at 2.22 g/t from 17 metres; including 1-metre at 5.48 g/t from 17 metres.
NARC549:
- 2 metres at 1.76 g/t from 98 metres and 4 metres at 2.55 g/t from 108 metres including 1-metre at 5.21 g/t from 108 metres.
NARC556:
- 1-metre at 17.93 g/t from 66 metres.
NARC551:
- 6 metres at 1.17 g/t from 13 metres and 5 metres at 1.28 g/t from 31 metres.
Of the eight RC holes results received from Tchaga South, five intersected significant mineralisation.
They include NARC542: with 2 metres at 24.06 g/t from 112 metres, including 1-metre at 40.32 g/t from 113 metres.