Mako identifies largest intersection of mineralisation

By Trevor Hoey. Published at Dec 3, 2019, in Mining

Mako Gold Limited (ASX:MKG) has received extremely promising assay results from its latest drilling program on the Tchaga Prospect at the company’s 224 square kilometre Napié Project in Côte d’Ivoire.

The drilling program consisted of 2,090 metres of reverse circulation (RC) drilling in 19 holes on the Tchaga Prospect.

Assay results returned multiple wide gold intercepts including 8 metres at 6.5 g/t gold within a 36 metre gold mineralised interval (NARC107), the widest gold intercept to date.

The previous largest gold intercept was 28 metres in hole NARC057, and several drill holes had multiple wide gold intersections within the same hole.

By way of background, Mako is earning up to a 75% interest in the Napié Project under a farm-in and joint venture agreement with Occidental Gold SARL, a subsidiary of West African gold miner Perseus Mining Limited (ASX/TSX:PRU).

Mako currently holds a 51% interest in the permit and is operator of the project.

The company intends to fast-track the Napié Project and can earn up to 75% by taking the project to feasibility.

Establishing JORC resource

While Mako has received positive drill results to date elsewhere on the Napié Project, the company is focusing on the more advanced Tchaga Prospect to move towards the delineation of a JORC compliant gold resource.

With this goal in mind, the company intends to resume extensional and infill drilling early in the March quarter of 2020.

Current and previous drill results have confirmed the presence of multiple gold mineralised zones along a strike length of 1.4 kilometres.

Having demonstrated the continuity of gold mineralisation within the 1.4 kilometre target area and increased its confidence in the modelling of the mineralised trend, Mako is well-prepared to take the next step in terms of identifying extensions to the current strike as shown below.

The impressive drilling results recently returned can be seen highlighted in yellow on the above map, including 36 metres at 3.09 g/t gold which included 2 metres at 12.7 g/t gold from 49 metres and 8 metres at 6.5 g/t gold from 58 metres.

Discussing the rationale behind this increased confidence in the geological model, Mako’s managing director Peter Ledwidge said, “Our drilling at the Tchaga Prospect continues to deliver exciting results.

‘’Our latest drilling program intersected 36 metres of gold mineralisation, which is our largest width to date.

‘’The repeated wide gold zones we have intercepted to date, combined with the lateral and vertical continuity of gold mineralisation demonstrated through this latest drill program, increases our confidence in our geological modelling and is another step towards outlining a JORC compliance resource.

‘’We look forward to resuming our drilling activities shortly.”

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

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