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Mako Gold Limited("Mako" or "the Company"; ASX:MKG) is pleased to advise that it has received assay results from 14 drill holes from the 10,000m drilling program at the Gogbala Prospect at 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
- Best drill result returned to date from Gogbala Prospect with 20m at 3.41g/t Au
- Gogbala is located 5km to the south of the Tchaga Prospect (the core focus of exploration to date) and is one of several prospective zones located on the 30km-long Napié Fault. The shallow, wide and high- grade gold mineralisation demonstrated by exploration to date is similar to that identified at Tchaga
- 14 RC holes received from Gogbala with all holes intersecting significant mineralisation. Select results include:
- NARC531: 20m at 3.41g/t Au from 19m; including
- 1m at 6.70g/t Au from 22m and 2m at 14.12g/t Au from 37m
- NARC535: 23m at 1.81g/t Au from 19m; including
- 1m at 5.73g/t Au from 24m and 1m at 5.41 from 28m and 4m at 3.05g/t Au from 36m
- NARC532: 8m at 4.29g/t Au from 82m; including
- 3m at 8.45g/t Au from 86m
- NARC534: 9m at 2.52g/t Au from 55m; including
- 1m at 11.84g/t Au from 55m
- NARC530: 11m at 1.56g/t Au from 77m; including
- 1m at 4.27g/t Au from 77m and 1m at 8.60g/t Au from 87m
- NARC539: 4m at 1.38g/t Au from 71m and 11m at 1.10g/t Au from 79m and 5m at 2.38g/t Au from 125m; including
- 1m at 7.08g/t Au from 128m
- NARC528: 8m at 1.27g/t Au from 70m; including
- 1m at 5.02g/t Au from 77m
- NARC540: 4m at 1.25g/t Au from 9m and 9m at 1.00g/t from 17m
- NARC537: 7m at 1.22g/t Au from 9m
- NARC531: 20m at 3.41g/t Au from 19m; including
- 4,400m drilled of the planned 10,000m at Gogbala forming part of the larger 35,000m drill program on the Napié Project
- Further drill assay results are pending for the Gogbala and Tchaga prospects
Mako's Managing Director, Peter Ledwidge commented:
"AfterreceiptofthebestdrillinterceptstodateatGogbala,wereiteratethesimilaritiesofmineralisationstyle between Gogbala and Tchaga. The wide and high-grade intercepts returned from Gogbala drilling is making Gogbala look more and more like "Tchaga 2.0". Both prospects have strong mineralisation outlined over a 2kmstrikelength.Thisincreasesouroptimismfordelineatingmoredepositsalongthe30km-longNapiéfault to target a multi-million-ounce resource. The next target will be the Tchaga North Prospect where we have a 10,000mdrillprogramplanned.WearegrowingthepotentialmineralinventoryatNapiéusingourmethodical approachtoexplorationandarefundedtocontinuetodoso.Welookforwardtoprovidingmoreoutstanding results from Tchaga and Gogbala as they come tohand."
Figure 1: Select new (yellow) and previous (white) gold intercepts on 2km-long high-priority target area at Gogbala on IP geophysics- note pending further assays shown as white dots
Best Results To Date
At GogbalaResults are reported from 14 holes of the planned 10,000m drill program as announced to ASX on 12 August 2021 (Figure 1). All 14 holes intersected significant mineralisation including 20m at 3.41g/t Au from 19m in NARC531. This is the best drill intersect returned from Gogbala to date which is a 69 gram-metre intercept (grams/t Au X metre). The Company's strategy targeting high-grade areas identified from previous drilling and further expanding these zones is paying off as demonstrated by the positive drill results returned.
MKG:AU
Sranan Gold Announces Further High-Potential Exploration Targets at the Tapanahony Gold Project in Suriname
Following the closing of Sranan Gold Corp.'s (CSE: SRAN) (FSE: P84) (Tradegate: P84) ("Sranan" or the "Company") oversubscribed private placement announced on June 12, 2025, the Company announces additional targets to its planned inaugural 10,000-metre drill program at the 4.5-kilometre Randy-Poeketi trend of the Tapanahony Gold Project in Suriname.
Each of the target areas (see Figure 1) has been identified by a combination Lidar survey, geophysics, geological interpretation, exploration data from previous operators, field work and, most importantly, local mining activity. The areas currently identified are referred to as Randy's Pit, Randy's Extension, Randy West, Poeketi Pit, West Poeketi, South Intrusion, Enard North and Enard South.
Dr. Dennis LaPoint, EVP Exploration and Corporate Development of Sranan Gold, commented: "Our expanded 10,000-metre drill program marks a major step forward in systematically unlocking the potential of our district-scale property. With an adaptive approach guided by rapid assay turnaround and new structural and lithologic data and analysis, we're confident this program will significantly advance our understanding of the project's scale and resource potential."
Figure 1: Priority exploration targets at the Tapanahony Gold Project, Suriname.
To view an enhanced version of this graphic, please visit:
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Randy's Pit is the first priority for drilling, which is based on historical drilling by Iamgold and later mining by local miners at Randy's Pit.
Newly identified zone Randy's Extension is the southeast continuation of the Randy trend, where a potential granite contact — similar in style to mineralization at the Oko West gold discovery in northwest Guyana — may exist. This 1.6-kilometre trend will be explored while the excavator is in the area for drilling at Randy's Pit, leveraging mobilization efficiencies. The goal is to confirm the continuity of the Randy trend beyond its known limits. Drilling will follow.
Newly identified zone Randy West targets a parallel zone immediately west of Randy trend. Two ridges, each roughly two kilometres in length, display evidence of historical pits and alluvial workings, suggesting a nearby intrusive source. As the excavator works at Randy's Pit to support drilling, trenching will commence on these ridges to test for mineralization and to define drill targets along this parallel trend.
The Poeketi Pit target is the site of a recent gold rush starting in 2020. Active mining is characterized by a high-grade, fault-filled vein system. Drilling is planned on the 350-metre-long Poeketi open pit, which hosts five underground shafts, and the 150-metre-long New Pit. In between is a 260-metre ridge due to the fault-filled vein which will be tested first by trenching.
A trenching program is planned at West Poeketi on its southern region to delineate mineralized structures to select drill sites. A northeast striking soil sampling campaign toward the concession's northwest boundary will later be used to extend known mineralized trends and highlight areas for further exploration.
The newly identified South Intrusion target lies to the southeast of the Randy trend, where an arc of shallow auger anomalies closely follows the greenstone-intrusive contact, like Oko and Oko West. Historically, Iamgold panning anomalies in this area indicated a potential source of mineralization. This target region spans five to ten kilometres in strike length.
New identified Enard North and Enard South benefit from detailed Lidar coverage and extensive alluvial mining, both of which highlight the potential of the Enard concession. At Enard South, two large-scale folds were revealed by Lidar, supported by active artisanal mining. The fold axes correspond to catchment anomalies identified in panning by Iamgold. Focused mapping, sampling and auger drilling will be the primary methods to develop targets in this fold-hosted setting that has similarities to the Merian and Rosebel mines.
Qualified Person
Dr. Dennis J. LaPoint, Ph.D., P.Geo. a "qualified person" as defined under National Instrument 43‐101, has reviewed and approved the scientific and technical information in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company's EVP Exploration and Corporate Development.
About Sranan Gold
Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname's modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas in Suriname. There is significant production from saprolite by local miners along a 4.5-kilometre trend, where several areas of mining have been opened.
Sranan Gold is also exploring its Aida Property consisting of five mineral claims covering an area of 2,335.42 hectares on the Shuswap Highland within the Kamloops Mining Division.
For more information, visit sranangold.com.
Information contact
Oscar Louzada, CEO
+31 6 25438975
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
Forward-Looking Statements
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company's exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
