Extensional Drilling At Tchaga & Gogbala Delivers Further High-Grade Gold

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has received assay results from 32 reverse circulation (RC) and diamond drilling (DD) holes from the 10,000m drilling program at the Gogbala Prospect, and 7 RC/DD holes from the ongoing 10,000m drilling program at the Tchaga Prospect, at the Company’s flagship Napié Project in Côte d’Ivoire. Gogbala and Tchaga are located on a +23km soil anomaly and coincident 30km-long Napié Fault (Figure 4).

HIGHLIGHTS

• Gogbala drilling returned multiple high-grade intercepts, including 1m at 28.93g/t Au
• Tchaga drilling returned 1m at 34.62g/t Au within a broader interval of 5.8m at 6.96g/t Au
• RC drill results received confirm the new Gogbala Prospect hosts similar mineralisation styles to the established Tchaga Prospect
• 32 RC/DD holes received at Gogbala with 20 intersecting significant mineralisation.

Select results include:

• NARC579: 9m at 3.77g/t Au from 48m
• NARC569: 6m at 5.37g/t Au from 105m; including 3m at 9.61g/t Au from 106m
• NARC584: 1m at 28.93g/t Au from 115m
• NARC568: 14m at 0.99g/t Au from 8m; and
  • 4m at 3.93g/t Au from 32m, including 1m at 7.32g/t Au from 32m
• NARC597: 6m at 2.08g/t Au from 69m; and
  • 4m at 0.99g/t Au from 108m; and
  • 6m at 0.97g/t Au from 168m
• NARC581: 6m at 1.65g/t Au from 100m
• NARC570: 6m at 1.57g/t Au from 65m
• NARC576: 9m at 1.02g/t Au from 29m
• NARC558DD: 1.2m at 7.44g/t Au from 203.5m

• 7 RC/DD holes received from Tchaga with 4 intersecting significant mineralisation.

Select results include:

• NARC467DD: 26m at 1.01g/t Au from 92m1 and;
  • 5.8m at 6.96g/t Au from 135m; including 1m at 34.62g/t Au from 137m; and
  • 0.8m at 9.50g/t Au from 154.5m

• Drilling resumed on 4 January 2022 after a two week break with two drills operating at Napié: DD rig at Tchaga and RC/DD rig at Gogbala

Mako’s Managing Director, Peter Ledwidge commented:

“We are very pleased with the ongoing outstanding results from our drilling programs at both the Gogbala and Tchaga prospects at Napié. We are highly encouraged by the drill results which will add potential ounces to the upcoming maiden Mineral Resource Estimate (MRE) scheduled for H1CY22.

TchagadrillinghasfocussedonextensionaldrillingwhichwillbolstertheMRE,whileGogbaladrillingistesting new targets as well as extensional drilling to increase the size of the upcoming MRE. Drilling on both Tchaga and Gogbala resumed on 4 January after a short break for the holiday season. We look forward to providing further results as assays arereceived.”

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