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
INN Article Notification
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...
3h
Top 5 ASX Gold Stocks That Pay Dividends
If you're interested in gold stocks, it's worth taking a look at the top ASX gold stocks that pay dividends.A dividend is a sum of money that is paid regularly by a company to a class of its shareholders out of its earnings. Dividends are often issued as cash payments, but can also be issued as... Keep Reading...
4h
Top 10 Gold Reserves by Country
Gold is one of the most important metals on the planet. For millennia it has been used in jewelry, art and currency, capturing the collective imagination as a thing of wonder. Gold's association with royalty and wealth has inspired explorers and treasure hunters alike, who put themselves at risk... Keep Reading...
01 May
Editor's Picks: Gold, Silver React to Fed Decision, Expert Says Bottom Not in Yet
It was a bumpy week for gold and silver prices, which took a break from responding to geopolitical tensions to react to the latest US Federal Reserve interest rate decision.As was widely expected, the central bank left rates unchanged at 3.5 to 3.75 percent. However, the move came with the... Keep Reading...
30 April
Precious Metals News: Gold, Silver, PGMs React to New Reality of Protracted War
The precious metals may take much longer to challenge record prices set at the top of the year. The US-Iran conflict is set to become a protracted war as leaders dig in their heels on any agreement. This week, the US rejectes an Iranian proposal to reopen the Strait of Hormuz in exchange for... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Prospectus
2h
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00