The Conversation (0)
May 24, 2022
Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) advises that it has received the final assay results from 49 reverse circulation (RC) and diamond drilling (DD) holes from the Gogbala Prospect, within the Company’s flagship Napié Project in Côte d’Ivoire. Gogbala is located on a +23km soil anomaly and coincident 30km-long Napié Fault (Figure 4).
HIGHLIGHTS
- Gogbala extensional drilling returns wide high-grade gold including 11.2m at 7.40g/t Au
- Results consistently demonstrate excellent down-dip and along-strike continuity of mineralisation
- All drill results received and delivered to independent consultants for maiden Mineral Resource Estimate (MRE) anticipated by early to mid-June 2022
- Significant gold mineralisation was intersected in 40 of the 49 holes, including:
- NARC294DD: 4.3m at 5.67g/t Au from 157.3m; including 1.1m at 18.43g/t Au; and
- 11.2m at 7.40g/t Au from 172m; including 1m at 54.05g/t Au from 172m; and
- 3m at 8.36g/t Au from 175m
- 11.2m at 7.40g/t Au from 172m; including 1m at 54.05g/t Au from 172m; and
- NARC712: 13m at 3.34g/t Au from 168m; including 2m at 11.07g/t Au from 175m
- NARC661DD: 11.2m at 3.19g/t Au from 103m; including 1.2m at 11.75g/t Au from 108.2m; and
- 5.1m at 3.75g/t Au from 140m; including 1.5m at 10.96g/t Au from 143.6m
- NARC624DD: 6m at 6.65g/t Au from 149m; including 1m at 33.19g/t Au from 154m
- NARC627DD: 6.5m at 5.03g/t Au from 163m; including 1m at 23.07 g/t Au from 164m
- NARC718: 14m at 1.87g/t Au from 13m; including 1m at 6.79g/t Au from 14m
- NARC734: 3m at 6.59g/t Au from 143m; including 1m at 17.70g/t Au from 145m
- NARC738: 7m at 2.79g/t Au from 16m; including 1m at 12.83g/t Au from 17m
- NARC702: 4m at 4.88g/t Au from 48m; including 1m at 14.52g/t Au from 51m
- NARC605DD: 2.34m at 1.22g/t Au from 154.5m; and
- 3m at 5.87g/t Au from 160m; including 1m at 10.02g/t Au from 160m
- NARC713: 2m at 3.40g/t Au from 15m; and
- 7m at 1.59g/t Au from 21m; including 1m at 5.61g/t Au from 26m
- NARC294DD: 4.3m at 5.67g/t Au from 157.3m; including 1.1m at 18.43g/t Au; and
- 2,700m RC drilling program to commence shortly on the Komboro Prospect at Napié
Mako’s Managing Director, Peter Ledwidge commented:
“We are pleased to have received all the final assay results from the Gogbala extensional drilling. We have transferred the final data to our resource consultants for the maiden Mineral Resource Estimate which we anticipate being released by early to mid-June. We are particularly pleased with the excellent results in the last batch of assays, as we believe this will have a positive impact on the MRE.
Mineralised zones continue to exhibit excellent continuity with wide and high-grade results down-dip and along strike. We are enthused by the continuity of mineralisation, as this demonstrates how robust mineralisation at the Gogbala deposit is turning out to be.
We are once again highly encouraged with the high success rate in our drilling with 40 of the 49 holes drilled returning significant gold results. We look forward to announcing our maiden MRE in June”.
FINAL DRILL RESULTS FROM GOGBALA - MAIDEN MRE ANTICIPATED IN EARLY TO MID JUNE
Significant wide and high-grade mineralisation was intersected in 40 of the 49 holes drilled at Gogbala, which includes 4.3m at 5.67g/t Au and 11.2m at 7.40g/t Au including 1m at 54.05g/t Au in NARC294DD and 13m at 3.34g/t Au in NARC712 (Figure 4).
All holes were drilled in the 2km-long high-priority area (purple arrow in Figure 1) which is the focus of extensional drilling for the upcoming maiden MRE scheduled for completion in early to mid-June 2020.
Mineralised zones show continuity along strike and down dip. Gold mineralisation remains open in all directions with significant growth potential.
Intervals above 0.5g/t Au cut-off are reported in Appendix 1. A map of the drill hole locations is shown in Appendix 2.
Select significant results from previous phases of drilling at Gogbala1 include:
- 17m at 4.13g/t Au from 57m in NARC660
- 20m at 3.41g/t Au from 19m in NARC531
- 12m at 5.39g/t Au from 11m in NARC035
- 4m at 14.78g/t Au from 93m in NARC668
- 35m at 1.72g/t Au from 43m in NARC553
- 7m at 6.70g/t Au from 6m in NARC518
- 23m at 1.81 g/t Au from 19m in NARC535
- 20m at 1.92g/t Au from 33m in NARC535
- 9m at 3.77g/t Au from 48m in NARC 579
- 6m at 5.37g/t Au from 105m in NARC569
- 8m at 4.29g/t Au from 82m in NARC532
- 2m at 16.81g/t Au from 2m and 5m at 2.12g/t Au from 19m in NARC066
- 6m at 4.97g/t Au from 68m in NARC317
- 17m at 1.67g/t Au from 45m in NARC027
- 1m at 30.89g/t Au from 46m in NARC616
- 8m at 2.87g/t Au from 49m in NARC524
- 9m at 2.52g/t Au from 55m in NARC534
- 3m at 6.40g/t Au from 58m in NARC313
Click here for the full ASX Release
This article includes content from Mako Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
MKG:AU
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
24 August 2021
Mako Gold
Exploring High-Grade Gold Deposits in Côte d'Ivoire
Exploring High-Grade Gold Deposits in Côte d'Ivoire Keep Reading...
09 July
Top 5 Junior Gold Mining Stocks on the TSXV in 2026
Junior gold stocks are seeing heightened interest in 2026 despite volatility in the gold price, which reached a new record high of nearly US$5,600 per ounce during the first quarter.The gold price may have fallen to the US$4,000 level in the second quarter, but plenty of upside potential remains... Keep Reading...
09 July
Peruvian Metals Production Update for the First Half of 2026 at Aguila Norte Processing Plant
Peruvian Metals Corp. (TSXV: PER,OTC:DUVNF) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to provide an update regarding the mineral processing at its 80-per-cent-owned fully permitted Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern... Keep Reading...
07 July
5 Best-performing Gold Stocks on the TSX in 2026
The gold price hit record highs in January 2026, and still up more than 25 percent from this time last year.Gold's growth may have been stalled by a variety of factors, including widespread economic and geopolitical uncertainty as the US and Israel clash with Iran and the US Federal Reserve... Keep Reading...
07 July
La Dama de Oro Discovery Vein Assays 7.5 grams over .45 metre
Providence Gold Mines Inc. (“Providence” or the “Company”) further to the June 29th, 2026, news release the Company is very pleased to provide gold assays from the channel sampling of the vein discovery. As reported, the discovery was made by the Company’s registered California geologist Mark... Keep Reading...
07 July
Genesis Minerals Launches US$3.9 Billion Bid for Vault Minerals
Australian gold miner Genesis Minerals (ASX:GMD,OTCPL:GSISF) has submitted a US$3.9 billion cash-and-stock proposal to acquire Vault Minerals (ASX:VAU,OTCPL:REDLF), presenting a premium over Vault's existing merger agreement with Regis Resources (ASX:RRL,OTCPL:RGRNF).Under the proposed scheme of... Keep Reading...
06 July
OceanaGold Commits US$1.9 Billion to Extend Philippine Gold Mine to 2037
Canadian miner OceanaGold (TSX:OGC) has committed US$1.9 billion to expand and extend the operational lifespan of its flagship Didipio gold and copper mine in the Philippines.The investment will push the operational life of the high-grade Didipio project, located across the provinces of Nueva... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00