15,000m Scout AC Drilling Program Commences On Napié Project

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has commenced a 15,000m Aircore drilling program on the Komboro and Tchaga North Prospects at the Company’s flagship Napié Project in Côte d’Ivoire. Tchaga North is located on a +23km soil anomaly and coincident 30km-long Napié Fault and associated fault splays. Komboro is located on the same 30km fault and associated fault splays coincident with a 4km soil/auger anomaly. At Komboro the structure takes a jog from the NE to the NEE which may indicate dilational zones that are conducive to gold deposition (Figure 1).

HIGHLIGHTS

• Scout Aircore (AC) drilling program commenced on various regional exploration targets in the northern part of the Napié Permit
  • Drilling commenced on Komboro Prospect at Napié where Mako has done no previous drilling
  • AC drill rig will then move to the Tchaga North Prospect to follow up Mako’s discovery holes of 8m at 8.53g/t Au and 1m at 215g/t Au drilled in 2018, and to test new targets
• Drillhole fences strategically positioned on high-priority structural and geochemical targets which include gold soil/auger anomalies, and anomalous rock chip samples from bedrock
• Objective of program is to make new discoveries outside of the main Tchaga and Gogbala prospect areas as part of Mako’s overall strategy to define multi-million-ounce resource on the Napié Permit
• RC drilling continues at the Gogbala Prospect and a dual auger program recently commenced at Mako’s 100% owned Korhogo Project located adjacent to Barrick’s 4.9Moz Tongon GoldMine
• Second rig expected on site shortly at Gogbala to drill deeper diamond drill (DD) holes for the upcoming maiden Mineral Resource Estimate(MRE)

Mako’s Managing Director, Peter Ledwidge commented:

“We are excited that we launched a scout Aircore drilling program on regional targets at the Napié Project. Drilling AC fences allows us to cost-effectively test larger areas with the aim of making new discoveries on Napié. We are well funded to follow up anomalous zones with reverse circulation drilling to advance quickly to the resource stage, as part of our strategy to increase our mineral inventory post maiden Mineral Resource Estimation scheduled in Q2-CY22.

We currently have an RC rig operating at Gogbala with a DD rig expected on-site soon. This is in addition to the AC rig which just started at Komboro and Tchaga North, (all on the Napié Project), and two auger rigs on the Korhogo Project. I would like to extend my thanks to our hard-working in-country team who make this possible.”

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