Mako Gold

High‐Grade Gold Discovery at Komboro Prospect at Napié

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has received positive assay results from the recent shallow Reverse Circulation (RC) drilling program from the Komboro Prospect, within the Company’s flagship Napié Project in Côte d’Ivoire. Komboro is located on a +23km soil anomaly and coincident 30km‐long Napié Fault and associated splays (Figure 1).


HIGHLIGHTS

  • High‐grade gold discovery at Komboro is significant following release of maiden 868koz Au Inferred Mineral Resource Estimate (MRE) at Tchaga and Gogbala
    • Validates Mako’s strategy to grow the Napié Gold Project to a multi‐million‐ounce system
  • Reverse Circulation (RC) drilling program returned multiple shallow high‐grade intercepts, including 9m at 3.26g/t Au and 1m at 30.47g/t Au
  • Significant results include:
    • NARC741: 9m at 3.26g/t Au from 67m; including 3m at 7.29g/t Au from 67m; and
      • 1m at 30.47g/t Au from 86m
    • NARC743: 1m at 8.45g/t Au from 74m
    • NARC753: 5m at 1.64g/t Au from 56m
  • 6 of 7 targets drilled returned significant gold values highlighting untapped potential of the northern part of the permit
  • Komboro is a large‐scale regional prospect located on the +23km soil anomaly and coincident splays associated with the 30km‐long Napié Fault
  • Results received from shortened Korhogo drilling program

Mako’s Managing Director, Peter Ledwidge commented:

“We are thrilled with the results of our new discovery at the Komboro Prospect as it has confirmed the presence of significant mineralisation at a 4th prospect on the Napié Project. The drill results validate the company’s growth strategy of identifying new areas for potential resource delineation following the recent delivery of the 868koz Inferred maiden MRE at Tchaga and Gogbala. We look forward to drilling more extensively along the 9km‐long intermittent artisanal mining sites at the end of the wet season”

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.

Results have also been received from the shortened maiden RC drill program on the Korhogo Project.

NEW MINERALISED ZONE DISCOVERED AT KOMBORO PROSPECT AT NAPIÉ

Results have been received from 23 shallow RC holes from a 2,824m drill program recently completed at Komboro Prospect.

The location of the Komboro Prospect is shown in Figure 1 relative to Tchaga and Gogbala, where the Company recently announced a maiden Inferred Mineral Resource of 22.5Mt at 1.20g/t Au for 868k contained ounces gold1.

Figure 1: Napié Project – Location of Komboro Prospect relative to Tchaga and Gogbala MRE at Napié with results and planned further drilling on all prospects

Seven targets were drilled with 6 of the 7 targets intersecting significant mineralisation (Figure 2).

Drill results include 9m at 3.26g/t Au, including 3m at 7.29g/t Au and, separately 1m at 30.47g/t Au in NARC741, as well as 1m at 8.41g/t Au in NARC 743 from the previously undrilled K1 Target (Figure 3).

Drilling at the K2 Target located on a separate structure 3km to the east, intersected 5m at 1.64g/t Au in NARC 753. (Figure 2).

Figure 2: Komboro Prospect: Drill targets K1 to K7 – Select new (yellow) and previous (white) RC results and previous AC results (blue) and rock chips (white italics)

Targets were identified from recent Air Core (AC) drilling which include 4m at 1.93g/t Au, 4m at 1.20g/t Au, and 4m at 1.10g/t Au, and from geological mapping and rock chip sampling. The majority of the holes were drilled on artisanal mining sites with large quartz veins which can be intermittently traced over 9km, as well as on other smaller artisanal sites, which were identified during recent geological mapping1.


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)
Two people shaking hands in office with city skyline view.

Zijin Mining to Acquire Major Kazakh Gold Mine for US$1.2 Billion

China’s Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899,SHA:601899), the country’s largest producer of gold and copper, has agreed to acquire Kazakhstan’s Raygorodok gold mine for US$1.2 billion.

The deal, announced on Monday (June 30) through a filing to the Hong Kong Stock Exchange, furthers the company’s ambition of becoming one of the world’s top three gold producers by 2028.

Raygorodok is reportedly among the largest and most technologically advanced gold projects in Central Asia. It produced 6 metric tons of gold in 2024 at a production cost of US$796 per ounce, excluding non-cash items.

Keep reading...Show less
Map of Ontario, Canada, with "Top 5 Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: Onyx Gold Shines with 118 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released April’s gross domestic product (GDP) numbers on Friday (June 27).

The data shows a slowing in the Canadian economy with a 0.1 percent monthly decline after it increased 0.2 percent in March as businesses attempted to get ahead of US tariff deadlines.

Keep reading...Show less
Gold bars with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: GBM Soars on AU$13 Million Raise

Welcome to the first edition of the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

In significant news for Australia's iron sector, mining giant Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), together with its joint venture partner Hancock Prospecting, said on Tuesday (June 24) that the partners will invest a combined US$1.6 billion to develop the Hope Downs 2 iron ore project in the Pilbara region, Western Australia.

Companies focused on antimony and gold have also been making news this week, such as Resolution Minerals (ASX:RML) announcing its acquisition of the Horse Heaven project in Idaho, US, and Ausgold (ASX:AUC,OTC Pink:AUSGF) signing an agreement to acquire Critica’s (ASX:CRI,OTC Pink:VTMLF) Kulin gold project in Western Australia.

Keep reading...Show less

Latest Press Releases

Related News

×