
- NORTH AMERICA EDITIONAustraliaNorth AmericaWorld
May 01, 2022
Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has received the results of the 11,000m auger drilling program on the Ouangolodougou and Korhogo Nord permits which constitute the Korhogo Project1 . The permits collectively cover 296km2 hosting 17km of faulted greenstone granite contact as shown in Figure 1. Both permits are 100% owned by Mako and are readily accessible from the Mako Field Office.
HIGHLIGHTS
- Auger drill results confirm 2km-long +20ppb gold anomaly & multiple high-priority targets at Korhogo
- 2,000m maiden reverse circulation (RC) drill program to commence imminently
- Further exploration including RC drilling planned on additional targets
- The 100% Mako owned Korhogo Project has no previously recorded drilling and covers 296km2 of prospective tenure located within 15-30 km of Barrick’s 4.9Moz Tongon Gold Mine
- Mako’s core focus remains its flagship Napié Project where a maiden Mineral Resource Estimate (MRE) is on-track for June 2022
Mako’s Managing Director, Peter Ledwidge commented:
“We are pleased that the recently completed 11,000m auger drilling program has returned large gold anomalies which pave the way for the imminent start of a maiden RC drilling program at Korhogo. The first target to be drilled is a 2km-long +20ppb gold auger anomaly with high grade cores over 60ppb Au, coincident with the faulted greenstone/ granite contact. We are highly encouraged by these coincident anomalies as this validates our motivation for acquiring these permits and increases the chance of the Company making another significant gold discovery”.
Korhogo is located in a fertile greenstone belt that hosts Barrick Gold’s 4.9Moz Tongon gold mine and Montage Gold’s 4.5Moz Kone gold deposit, both in Côte d’Ivoire, as well as Endeavour’s 2.7Moz Wahgnion gold mine just across the border in Burkina Faso (Figure 5).
A maiden 2,000m RC drill program is planned on one of the first of several anomalies outlined by the 11,000m auger program (Figure 2). The auger gold anomalies are coincident with the soil anomalies and geophysical structural anomalies identified through Mako’s previous field work.
Four fences of heel to toe RC holes will be drilled (where the bottom of one hole when projected to surface is the collar of the next hole), covering approximately 900m of the highest auger anomalies (Figure 3).
Ongoing exploration at the Korhogo Project will consist of further RC drilling on other high priority targets, as well as additional auger drilling along the structural trends in order to extend current anomalies or discover new anomalies which would then be tested with RC drilling.
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)
24 August 2021
Mako Gold
Exploring High-Grade Gold Deposits in Côte d'Ivoire
        Exploring High-Grade Gold Deposits in Côte d'Ivoire Keep Reading...
2h
Mali Revokes 90 Mining Permits, Tightening Control on Sector
        Mali’s military-led government has revoked more than 90 mining exploration permits due to alleged non-compliance with the country’s new legal requirements.An official decree signed by Mines Minister Amadou Keita on October 13 announced the revocation of permits issued between 2015 and 2022 for... Keep Reading...
9h
Gold Price Consolidates Just Under US$4,000 as Fed Cuts Rates
        The US Federal Reserve held its seventh meeting of 2025 from Tuesday (October 28) to Wednesday (October 29) amid growing division between doves and hawks as job market growth slows and the threat of higher inflation.The central bank met analysts’ expectations by lowering the federal funds rate... Keep Reading...
9h
Brixton Metals Makes Copper-Gold Porphyry Discovery at the Catalyst Target on its Thorn Project
        Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the " Company " or " Brixton ") is pleased to announce the discovery of a new copper-gold porphyry system at the Catalyst Target within its wholly owned Thorn Project located in northwestern British Columbia. The Thorn Project is an... Keep Reading...
22h
Dr. Mark Thornton: Gold Ringing Alarm Bells, Silver Setting Up to Skyrocket
        Dr. Mark Thornton, senior fellow at the Mises Institute, discusses the factors that have taken the gold price to all-time highs. In his view, the key driver is government actions like overspending, borrowing and money printing, none of which are likely to abate soon. He also shares his bullish... Keep Reading...
23h
Why South Africa Remains a Hidden Gem for Gold Investors
        For more than 150 years, South Africa has stood among the world’s notable gold producers. From the historic Witwatersrand Basin, once the source of a massive share of global gold output, to today’s modern operations, the country’s mining legacy continues to shape the global market. For investors... Keep Reading...
23h
CuFe Sizes Up "High-grade" Bismuth Resource at Tennant Creek Project
        A recent technical review for CuFe’s (ASX:CUF) bismuth resource at the Tennant Creek project in Australia’s Northern Territory has revealed significant, high-grade findings, according to the company’s managing director, Mark Hancock.“We've updated our Gecko resource already to reflect a... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00







