Mako’s upcoming assays to feed into JORC resource

By Trevor Hoey. Published at Jul 11, 2019, in Mining

Mako Gold Ltd (ASX:MKG) has completed reverse circulation drilling at the company’s 224 square kilometre Napié Project in Côte d’Ivoire, with the program having unveiled some promising exploration results.

Twenty-seven holes were completed for a total of approximately 4100 metres, which exceeded the 3600 metres originally planned in this phase of drilling.

Highly anticipated assay results are expected in coming weeks as this program followed up on previous promising results in key target areas, primarily focused on the Tchaga Prospect highlighted below.

The Tchaga prospect has delivered promising results.

Significant drill intersections encountered to date are spatially related to gold soil anomalies coincident with structures sub-parallel to the deep-seated regional fault that extends through Cote d’Ivoire north into Burkina Faso.

Promising drilling results from the Tchaga prospect included 8 metres at 8.5 g/t gold from 31 metres and thicker intersections such as 28 metres at 4.9 g/t from 83 metres.

Progressing towards a JORC Resource

Drilling on the Tchaga Prospect tested 1.4 kilometres of strike length to infill and extend the 500 metre long broad zones of gold mineralisation identified to date.

This represents only a small part of the + 17 kilometre long shear zone identified from the recent geophysical reinterpretation of the airborne magnetics, which is coincident with a significant gold soil geochemical trend as indicated below.

Based on geological evidence seen by Mako geologists during the current drilling program, additional sections were drilled in order to better test the extent of gold mineralisation on the Tchaga Prospect.

The drilling program focused primarily on the Tchaga Prospect because Mako management feels that this is the best approach to progress towards a JORC compliant resource.

Tchaga and Gogbala appear to be same system

Regional exploration consisted of three reverse circulation drill holes along one fence, for a total of 450 metres.

The purpose of the regional drilling was to test the interpreted shear in an undrilled area between the Tchaga and Gogbala Prospects.

Holes from current drilling and select previous drill results are shown below.

Gold mineralisation intersected at the Tchaga Prospect and the Gogbala Prospect could be part of the same system.

There is evidence to suggest that gold mineralisation intersected at the Tchaga Prospect and the Gogbala Prospect is part of the same system and both lie along the recently interpreted 17 kilometre-long shear zone.

The regional drilling program tested one area along this mineralised shear, as management believes that the rapid advancement of the Tchaga Prospect rather than regional exploration is likely to create better shareholder value at this stage.

As indicated below, the Napié Project is located in a gold rich region with some of the world’s largest miners operating multi-million ounce mines.

Given the highly prospective nature of the region and the drill results already released by Mako, there is a strong possibility that upcoming assay results could provide share price momentum.

Upcoming assays at the Napie Project could prove positive for MKG's share price momentum.

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.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Thanks for subscribing!

X