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 25 holes return significant gold results indicates how widely mineralised the Gogbala Prospect is. These results will add ounces to the upcoming maiden Mineral Resource Estimate (MRE) scheduled for Q2-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.”

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