Mako Gold Logo

Gogbala Extensional Drilling Delivers Further High-Grade Gold At Napié

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has received assay results from 25 reverse circulation (RC) holes from the ongoing 10,000m drill program at 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 3).


HIGHLIGHTS

  • Gogbala drilling returned multiple high-grade intercepts, including 1m at 30.89g/t Au intersected from an emerging zone 2km north of the priority Mineral Resource Estimate (MRE) area
  • Results are from extensional drilling and will increase the size of the upcoming maiden MRE
  • Several holes host multiple gold mineralised intersects including NARC609 which hosts a cumulative 24m of significant mineralisation
  • 25 RC holes received with 18 holes intersecting significant mineralisation. Highlights include:
    • NARC619: 1m at 30.89g/t Au from 46m
    • NARC623: 15m at 1.17g/t Au from 109m; including 5m at 2.15g/t Au from 110m
    • NARC610: 5m at 4.61g/t Au from 158m; including 1m at 15.71g/t Au from 162m
    • NARC608: 6m at 1.41g/t Au from 17m; including 2m at 3.10g/t Au from 17m; and
      • 5m at 2.64g/t Au from 73m
    • NARC598: 3m at 3.62g/t Au from 18m; including 1m at 6.69g/t Au from 19m; and
      • 7m at 1.80g/t Au from 27m; including 1m at 5.69g/t Au from 30m; and
      • 4m at 1.18g/t Au from 109m
    • NARC609: 4m at 2.66g/t Au from 34m; including 1m at 5.94g/t Au from 35m; and
      • 4m at 1.48g/t Au from 72m; and
      • 16m at 0.83g/t Au from 93m; including 4m at 1.61 from 94m
    • NARC620: 6m at 1.26g/t Au from 97m
    • NARC611: 3m at 2.32g/t Au from 64m
    • NARC617: 6m at 1.08g/t Au from 23m
  • RC drilling is ongoing at Gogbala and a DD rig is expected to arrive within a week to drill deeper holes with the aim of increasing the resource at depth

Mako’s Managing Director, Peter Ledwidge commented:

“We are pleased with the ongoing results from our extensional drilling at the Gogbala Prospect. Having 18 of 25holesreturnsignificantgoldresultsindicateshowwidelymineralisedtheGogbalaProspectis.Theseresults will add ounces to the upcoming maiden Mineral Resource Estimate (MRE) scheduled forQ2-CY22.

In addition to the positive results returned from the 2km-long high-priority maiden MRE zone, further promising intersects were returned outside that zone, which highlights the blue sky that remains at Gogbala and the whole Napié permit. Extensional drilling is ongoing at Gogbala in order to maximize the size of the upcoming MRE. We look forward to providing further results as assays are received.”

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
The Conversation (0)
Gold coin stacks with up arrow.

Gold Price Hits New Record, Breaking US$3,000 for First Time

The gold price reached yet another record high on Friday (March 14), breaking US$3,000 per ounce.

The precious metal has gained significant momentum since the beginning of the year. In early morning trading on Friday, it briefly surged to US$3,004 per ounce before falling back to US$2,989.

Friday's rise comes amid heightening trade tensions between the US and Europe. On Thursday (March 13), US President Donald Trump threatened to impose significant tariffs on key European products, including wine.

Keep reading...Show less

Barrick Focuses on Future Growth and Sustainable Value Creation

All amounts expressed in US dollars

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) reinforced its commitment to growth, reporting significant progress of its key growth projects while achieving its production guidance and setting the stage for continued sustainable value creation, said president and chief executive Mark Bristow in the company's annual report published today.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Barrick Focuses on Future Growth and Sustainable Value Creation

All amounts expressed in US dollars

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) reinforced its commitment to growth, reporting significant progress of its key growth projects while achieving its production guidance and setting the stage for continued sustainable value creation, said president and chief executive Mark Bristow in the company's annual report published today.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold all time high often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security. And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

Keep reading...Show less
Grande Portage Resources (TSXV:GPG)

Grande Portage Resources


Keep reading...Show less
John Feneck, stock charts.

John Feneck: Gold Landscape Never Better, Plus 9 Stocks on My Radar Now

John Feneck, portfolio manager and consultant at Feneck Consulting, shares his updated outlook for gold, saying that the yellow metal still has space to run.

He also discusses nine gold and "special situations" companies that are on his radar.

Watch the interview for more, or click here for the Investing News Network's Prospectors & Developers Association of Canada convention playlist on YouTube.

Keep reading...Show less

Latest Press Releases

Related News

×