7,000M Dual Auger Drilling Program Commences On Korhogo Project

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has commenced a 7,000m, 1,400-hole auger drilling program on the Ouangolodougou and Korhogo Nord permits which constitute the Korhogo Project. The permits collectively cover 296km² hosting 17km of faulted greenstone granite contact as shown in Figure 1. Both permits are 100% owned by Mako and are easily accessible from the existing Mako Field Office.

HIGHLIGHTS

• Auger grids strategically positioned on high-priority structural and geochemical targets identified from previous work executed by Mako
• Program is being fast-tracked with two auger rigs
• Maiden 10,000m air core (AC) drilling program planned following results from auger drilling
• The Korhogo Project has no previously recorded exploration and covers 296km2 of prospective tenure located within 15-30 km of Barrick’s 4.9Moz Tongon Gold Mine
• Mako’s core focus remains on its flagship Napié Project where an extensional drilling campaign remains ongoing and a Maiden Mineral Resource Estimate (MRE) is scheduled for Q2-CY22

Mako’s Managing Director, Peter Ledwidge commented:

“We are pleased to be advancing exploration on our Korhogo Project in the highly prospective Birimian greenstone belt which hosts Barrick’s 4.9Moz Tongon Gold Mine. We started work on the project in 2021 with an airborne geophysical program as well as a geochemical soil sampling program, which identified highly prospective targets which we will now be testing with auger drilling.

We are fast-tracking the auger drilling sampling program with two rigs on the ground so that we can commence a 10,000m AC drilling program when the auger results are received.

We are fully financed to advance this exciting new greenfield program on the Korhogo Project, as well as the Napié Project which remains our primary focus as we rapidly progress towards our MRE.”

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