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Mako Gold (ASX:MKG) has launched its campaign on the Investing News Network.
Mako Gold is focused on the discovery of large high-grade gold deposits in highly prospective and underexplored mining regions in Côte d'Ivoire and other favorable countries in West Africa. Mako Gold is scheduled to announce its maiden Mineral Resource Estimate prior to the end of 2021.
The company's project portfolio consists of its flagship Napié project, Korhogo project and Niou project in Burkina Faso, which was recently sold to Nordgold (FRA:RTSD). All projects have limited to no exploration history but leverage exceptional existing infrastructure, road access and strategic positioning to successful gold players. The flagship Napié project contains the main Tchaga and Gogbala prospects, which are high-grade infill drill targets with shallow mineralization and wide gold intercepts.
Mako Gold's Company Highlights
- Mako Gold is a mineral exploration company focused on exploring West Africa's Birimian Greenstone Belts, which have estimates of over 400 million ounces of gold.
- The company's highly attractive portfolio includes the flagship Napié project and Korhogo project.
- The flagship Napié project boats potential for multi-million-ounce gold deposits and leverages excellent infrastructure and early-mover exploration opportunities.
- The Korhogo project hosts two highly prospective permits, Korhogo Nord and Ouagadougou. Work has commenced in preparation for the project's extensive maiden drilling project.
- In August 2021, Mako completed the sale of its third project, Niou, in Burkina Faso to Nordgold (FRA:RTSD). The company retains a one percent NSR in the project.
- Mako has strategic alliances with Perseus Mining Limited (ASX:PRU) and Geodrill (TSX:GEO), including a binding agreement with Perseus to increase consolidated ownership from 51 percent to 90 percent.
- Mako Gold is led by a highly experienced team of mining industry professionals with a proven track record of gold discoveries in West Africa.
MKG:AU
Mako Gold
Overview
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The Ivory Coast presents a significant mineral exploration and discovery potential with widespread occurrences of gold, diamond, iron, nickel, cobalt, copper, manganese and bauxite. Despite being deemed one of the top five gold-producing regions in the world, the highly prospective Biriminan greenstone belts of West Africa remain highly underexplored.
Côte d'Ivoire, located on the south coast of West Africa, contains more Birimian greenstone belts than other West African countries yet only 30 million ounces of gold resources have been found to date. With much more gold mineralization still to be discovered, the Ivory Coast stands as a perfect storm for gold exploration potential, with a stable, mining-friendly government, outstanding infrastructure, and a modern and transparent mining code.
Like much of West Africa, which is poised to become one of the top five gold-producing regions in the world, gold has been at the forefront of exploration since the introduction of a new investor-friendly mining code in 2014.
Mako Gold (ASX:MKG) is a mineral exploration company focused on the discovery of large high-grade gold deposits in highly prospective and underexplored mining regions in Côte d'Ivoire and other favorable countries in West Africa. Mako is scheduled to announce its maiden Mineral Resource Estimate prior to the end of 2021.
The company's project portfolio consists of its flagship Napié project, Korhogo project and Niou project in Burkina Faso, which was recently sold to Nordgold (FRA:RTSD). All projects have limited to no exploration history but leverage exceptional existing infrastructure, road access and strategic positioning to successful gold players.
The flagship Napié project contains the main Tchaga and Gogbala prospects, which are high-grade infill drill targets with shallow mineralization and wide gold intercepts. In August 2021, the company discovered continuity of mineralization between oxide and fresh rock with record-high 174.6g/t gold grades at Tchaga. Ongoing reverse circulation (RC) drilling presents more potential for additional high-quality discoveries.
Mako Gold recently entered into a binding agreement with Perseus Mining Ltd. (ASX:PRU) to consolidate ownership from 51 percent to 90 percent. This strategic alliance with such a major gold producer pushes Mako Gold to establish a stronger footing in the prolific Côte d'Ivoire gold mining space, which contains more Birimian greenstone belts than other West African countries.
The 100 percent owned Korhogo gold project is an underexplored high-grade prospect that leverages close proximity to major gold projects in the Côte d'Ivoire. The company has already completed geophysical surveying and intends to progress exploration with its intended RC drilling campaign following drill sample results.
In August 2021, Mako Gold finalized the sale of its third gold project, Niou, to Nordgold (FRA:RTSD), a major high-yield gold producer. The Burkina Faso-based asset hosts high-grade gold mineralization and great exploration potential. Mako retains a one percent NSR in the project.
The next steps for the company include concentrating on a systematic exploration and growth strategy that aims to extend existing high-grade mineralization, test multiple high-priority regional prospects and deliver a maiden Mineral Resource Estimate at the Napié project. RC drilling at Korhogo presents exciting discovery opportunities for the company as well.
Mako Gold is led by a highly experienced team of mining industry professionals with a proven track record of gold discoveries in West Africa. Together, their over 75 years of combined experience and vested interest in success primes Mako Gold for exceptional gold exploration and economic growth.
Highlights
- Mako Gold is a mineral exploration company focused on exploring West Africa's Birimian Greenstone Belts, which have estimates of over 400 million ounces of gold.
- The company's highly attractive portfolio includes the flagship Napié project and Korhogo project.
- The flagship Napié project boats potential for multi-million-ounce gold deposits and leverages excellent infrastructure and early-mover exploration opportunities.
- The Korhogo project hosts two highly prospective permits, Korhogo Nord and Ouagadougou. Work has commenced in preparation for the project's extensive maiden drilling project.
- In August 2021, Mako completed the sale of its third project, Niou, in Burkina Faso to Nordgold (FRA:RTSD). The company retains a one percent NSR in the project.
- Mako has strategic alliances with Perseus Mining Limited (ASX:PRU) and Geodrill (TSX:GEO), including a binding agreement with Perseus to increase consolidated ownership from 51 percent to 90 percent.
- Mako Gold is led by a highly experienced team of mining industry professionals with a proven track record of gold discoveries in West Africa.
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Exploring High-Grade Gold Deposits in Côte d'Ivoire
Angkor Resources: Unlocking Cambodia’s Resource Potential through Energy and Minerals Assets
Founded in 2009 and listed in 2011, Angkor Resources (TSXV:ANK,OTCQB:ANKOF) has developed a dual focus on energy and minerals across Asia and North America.
Angkor Resources is advancing a dual-track strategy across energy and minerals. In Canada, its subsidiary EnerCam Exploration generates revenue from oil production, water disposal, and gas processing, while also pioneering carbon capture and conversion solutions.
In Cambodia, subsidiary EnerCam Resources is driving the nation’s first-ever onshore oil and gas exploration on Block VIII, positioning the company for transformational growth. On the mineral side, Angkor is a first-mover in Cambodia’s underexplored belts, with licenses at Andong Meas and Andong Bor targeting both precious and base metals, where exploration has already confirmed copper porphyry systems and high-grade gold mineralization.
Angkor mitigates risk by diversifying revenue, combining recurring Canadian cash flow with high-impact exploration in Cambodia, where management prioritizes hydrocarbons and copper, highlighting 25 million recoverable barrels and significant copper-gold potential.
Company Highlights
- Diversified Energy & Mineral Portfolio: Exposure to high-impact oil and gas exploration in Cambodia (Block VIII), recurring energy revenues in Canada, and copper-gold porphyry systems with gold epithermal near-surface prospects in Cambodia.
- Near-term Catalysts:
- Results from copper porphyry in Cambodia within 30 to 60 days;
- Seismic completion and interpretation for drill targets on Block VIII within 90 days; and
- Acquisition of oil production for increased recurring revenue streams.
- Transformational Asset: Block VIII is Cambodia’s first onshore oil and gas exploration license, strategically located near export infrastructure. Potential minimum targets estimated at 25 to 50+ million recoverable barrels.
- Revenue-backed Model: EnerCam Canada provides recurring revenue streams via oil production, water disposal, gas processing, and carbon capture solutions, insulating Angkor from over-reliance on equity markets.
- Strong ESG Commitment: Recognized at the United Nations for sustainability, Angkor integrates carbon capture, community partnerships and environmental responsibility into every project.
- Aligned Shareholder Base: Over 40 percent insider ownership with regular insider buying, demonstrating management’s confidence in long-term growth.
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Angkor Resources
Investor Insight
Angkor Resources is an emerging energy and mineral development company blending traditional oil and gas with copper and gold exploration in Cambodia, while generating revenue through oil production and carbon capture projects in Canada. With over a decade of operational experience in Southeast Asia and a reputation for sustainable practices, the company is strategically positioned to deliver both growth and resilience for investors.
Company Highlights
- Diversified Energy & Mineral Portfolio: Exposure to high-impact oil and gas exploration in Cambodia (Block VIII), recurring energy revenues in Canada, and copper-gold porphyry systems with gold epithermal near-surface prospects in Cambodia.
- Near-term Catalysts:
- Results from copper porphyry in Cambodia within 30 to 60 days;
- Seismic completion and interpretation for drill targets on Block VIII within 90 days; and
- Acquisition of oil production for increased recurring revenue streams.
- Transformational Asset: Block VIII is Cambodia’s first onshore oil and gas exploration license, strategically located near export infrastructure. Potential minimum targets estimated at 25 to 50+ million recoverable barrels.
- Revenue-backed Model: EnerCam Canada provides recurring revenue streams via oil production, water disposal, gas processing, and carbon capture solutions, insulating Angkor from over-reliance on equity markets.
- Strong ESG Commitment: Recognized at the United Nations for sustainability, Angkor integrates carbon capture, community partnerships and environmental responsibility into every project.
- Aligned Shareholder Base: Over 40 percent insider ownership with regular insider buying, demonstrating management’s confidence in long-term growth.
Overview
Founded in 2009 and publicly listed in 2011, Angkor Resources (TSXV:ANK,OTCQB:ANKOF) has built a unique dual-focused enterprise across energy and minerals in Asia and North America.
On the energy side, the company is advancing acquisition of cash flow through oil production and carbon capture in Canada, and is poised for transformational growth through the first-ever onshore oil and gas exploration program in Cambodia. Its Canadian subsidiary, EnerCam Exploration, is already generating revenue from oil production, water disposal and gas processing, while also implementing carbon gas capture and conversion solutions for provincial markets. In Southeast Asia, Angkor’s Cambodian subsidiary, EnerCam Resources, is spearheading a national-scale initiative to bring Cambodia its first domestic hydrocarbon energy, with exploration activities underway on the company’s Block VIII concession.
On the mineral side, Angkor has positioned itself as a first-mover in Cambodia’s underexplored mineral belts, holding licenses at Andong Meas and Andong Bor. These projects target both precious and base metals, with copper porphyry systems and high-grade gold mineralization now confirmed through exploration results.
Angkor’s strategy is designed to mitigate shareholder risk by diversifying revenue streams, blending recurring Canadian cash flow with high-impact exploration upside in Cambodia. The company’s management emphasizes hydrocarbons and copper as priorities, noting the potential value of 25 million recoverable barrels in Cambodia alongside significant copper-gold discoveries.
Key Projects
Onshore Cambodia – Block VIII Oil & Gas Concession
Angkor’s flagship asset is Block VIII, a 4,300 sq km oil and gas concession in Cambodia’s underexplored onshore sedimentary basin. The license, structured under a 30-year Production Sharing Agreement with renewal options, represents the first onshore hydrocarbon exploration license in the country. Geoscientific studies conducted by Danish, Canadian and European experts have identified strong indications of a foreland basin system and rift formations with significant petroleum potential. Over 21 natural oil seeps have been mapped and testing of the seeps by Schlumberger confirms the presence of hydrocarbons. Gas showings are also evident across the block.
The block is ideally located adjacent to export infrastructure, close to port with highway access to Phnom Penh and proximity to a deepwater port. Cambodia currently imports all of its petroleum products, making Block VIII strategically important both nationally and regionally. EnerCam, Angkor’s subsidiary, is implementing Cambodia’s first onshore 2D EnviroVibe seismic program, designed to minimize environmental footprint while mapping structural traps and stratigraphic features.
Technical projections suggest that once commercial quantity of recoverable hydrocarbons is proven, Block VIII could host Cambodia’s first onshore oil production. Angkor’s phased development plan includes completing seismic interpretation, definition of drill targets or additional 3D seismic followed by stratigraphic test wells and eventual development drilling. This project is expected to be the company’s most significant value driver and is prioritized as its number one corporate focus.
Canadian Energy & Carbon Capture – EnerCam Exploration
In Canada, Angkor operates through EnerCam Exploration Canada, which is a 40 percent interest holder in oil production and carbon solutions across 30 well sites spanning 516 hectares in Saskatchewan. These wells, shut in since 2018 due to low oil prices and mismanagement by previous operators, have been systematically refurbished and restarted. EnerCam participates in the full production cycle, including oil recovery, water separation and gas handling.
A key milestone was the acquisition of the pipeline network and compressor station, which resolved historical venting issues and allowed EnerCam to capture associated gas. This gas is converted into natural gas energy and sold into provincial markets. Angkor’s Canadian revenue streams also include water disposal fees, gas plant operations, and oil production revenues, supplemented by ongoing carbon capture and enhanced recovery of water conversion and injection wells projects.
Angkor holds a 40 percent interest in oil and gas production ventures in Saskatchewan, ensuring a recurring revenue stream. This platform not only offsets G&A costs but also provides a foundation for emission control and potential for further gas capture with surrounding producers in the area.
Cambodia Mineral Properties – Copper and Gold Portfolio
Through its subsidiary Angkor Gold Cambodia, the company holds a strategic portfolio of copper and gold assets in prospective belts. These licenses include Andong Bor and Andong Meas.
The Andong Bor license has emerged as a cornerstone of Angkor’s mineral portfolio. In June 2025, the company confirmed the presence of a copper-gold porphyry system, the first discovery of its kind in Cambodia. This breakthrough positions the project as a potential district-scale copper-gold system. Further drilling is expected to test depth extensions and delineate mineralized zones.
At the Andong Meas license, exploration has revealed high-grade gold mineralization, with surface samples returning assays up to 70 grams per ton (g/t) gold across a 0.8 km by 1.5 km area. This anomaly remains largely untested by drilling and represents a significant near-term target for resource expansion.
Management Team
Delayne Weeks – CEO
With over 25 years of global development experience spanning finance, business development, economic development and ESG initiatives. She has spearheaded Angkor’s CSR programs in Cambodia, earning UN recognition for sustainability leadership. Weeks has overseen Angkor’s transition into energy and its expansion into cash-flowing operations.
Mike Weeks – President, Executive VP Operations
Brings over four decades of operational and executive experience in international resource projects. Mike Weeks is president of Angkor Gold Corp. Cambodia and EnerCam Resources Cambodia. He has had a long and successful career in the oil and gas industry with over 30 years’ experience in project management of petroleum-related industries. Weeks also spent more than 15 years negotiating with foreign governments in developing and implementing natural resource licenses. His experience includes oil production in North Africa, engineering and design in Europe, the development of gas processing facilities and field and plant operations in Canada. Weeks has worked with international oil and gas producers including AEC West, Wintershall, Zuetina, Encana and Amoco.
Dennis Ouellette – VP Exploration, Minerals
Professional geologist with over 40 years of exploration experience in Canada, Central America and Asia. Dennis Ouellette has been a federal geologist in the Yukon for over five years, overseeing the exploration and mining industry across the Yukon by all industry participants. He leads Angkor’s mineral exploration programs, including the copper porphyry discovery at Andong Bor and a second porphyry target on Andong Meas. Ouellette has worked in multiple Canadian provinces, Nevada and Guatemala, and was the industry advocate director for the Yukon Chamber of Mines and president of Yukon Prospectors Association
Keith Edwards – Technical Manager, EnerCam Resources Cambodia
Keith Edwards is a senior geophysicist with over 39 years’ experience in all aspects of geophysics, from acquisition through processing to interpretation. He is known for his proven innovative problem-solving capabilities in software development, consulting services, interpretation and management. Edwards spent 12 years at Kuwait Oil company mentoring junior staff and performing many quantitative seismic interpretation projects. He developed several MatLab applications for Seismic Facies Classification, VSP integration, 3D design and many others.