Mako Gold Ltd (ASX:MKG) has resumed its 35,000-metre reverse circulation (RC) and diamond drilling program at Tchaga Prospect of its flagship Napié Project in Côte d’Ivoire following the end of the wet season.
The program resumes with extensional drilling at the Tchaga Prospect before moving on to other prospects.
First assay results are expected in late November.
Maiden resource
Mako managing director Peter Ledwidge said: “We are pleased to have resumed drilling activities on the Napié Project as we advance the Tchaga and Gogbala prospects towards a maiden resource.
“We will be starting with Tchaga extensional drilling and then moving to Gogbala and other high‐priority exploration drill targets on Napié.
“Our current cash position of c.A$12 million provides ample funding to complete the planned programs.”
Drill program objectives
The drill program aims to achieve:
➢ Extensional drilling at Tchaga to expand previously drilled mineralised zones and test new undrilled zones;
➢ Extensional drilling at Gogbala to test south of recent wide and high‐grade intercepts;
➢ Advance Tchaga and Gogbala towards a JORC maiden resource
➢ Test other high‐priority regional prospects on the Napié permit including at Tchaga North, and Komboro; and
➢ First‐pass drilling on regional exploration targets.
Drilling will commence at Tchaga and then move to Gogbala and Tchaga North.
The strategy of drilling 2,000 metres to 3,000 metres at each prospect and then moving to another prospect, along with the relatively quick assay turnaround times of three to four weeks, allows time for Mako to receive and interpret drill results prior to starting the next phase of drilling.
This results in enhanced drill hole targeting and a more efficient use of funds.