ASX:MKG

Second Drill Secured to Fast Track Napié Resource Development & Regional Exploration

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has secured a second drill rig to accelerate exploration programs on the Tchaga and Gogbala prospects at the Company’s flagship Napié Project in Côte d’Ivoire. Tchaga and Gogbala are located on a +23km soil geochemical anomaly and coincident 30km-long Napié Fault (Figure 1).


HIGHLIGHTS

  • Drilling has resumed at the Gogbala prospect on high-priority targetsto follow up on recent results which include 20m at 3.41g/t Au, 35m at 1.72g/t Au and 20m at 1.92g/t Au1
  • Second drill rig being mobilised for diamond drilling (DD) on Tchaga Prospect
  • Gogbala drill program to accelerate exploration towards a maiden JORC Mineral Resource Estimate (MRE)
  • Tchaga extensional drilling (not infill drilling) to expand mineralised zones to add potential ounces for the upcoming maiden JORC MRE  Maiden Mineral Resource Estimate planned for H1-CY22
  • Drilling will also target high-priority regional exploration targets with the aim of identifying new areas for resource drilling post maiden MRE
  • Assay results from Tchaga extensional drilling remain outstanding due to slight delays being experienced at the lab
Mako’s Managing Director, Peter Ledwidge commented:
“We are very pleased to have secured a second drill rig for the Napié Project. The second rig will accelerate exploration as we move towards our maiden Mineral Resource Estimate scheduled for the first half of calendar year 2022. Having two drill rigs will allow Mako to focus on drilling the Gogbala Prospect while also completing the extensional diamond drilling (DD) on the Tchaga Prospect. The second rig will also add optionality to test regional targets with the aim of discovering new zones along the 30km Napié fault for future additional resource definition.”


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)
Mako Gold

Mako Gold

Exploring High-Grade Gold Deposits in Côte d'Ivoire

Exploring High-Grade Gold Deposits in Côte d'Ivoire Keep Reading...
Peruvian Metals Full Capacity Throughput at Aguila Norte Processing Plant in 2025 and Focuses on Silver and Gold for 2026

Peruvian Metals Full Capacity Throughput at Aguila Norte Processing Plant in 2025 and Focuses on Silver and Gold for 2026

Peruvian Metals Corp (TSXV: PER,OTC:DUVNF) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce production results for 2025 at its 80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern Peru. The Company is also pleased to... Keep Reading...
Ongoing Drilling Continues to Return Broad Gold Intercepts

Ongoing Drilling Continues to Return Broad Gold Intercepts

Asara Resources (AS1:AU) has announced Ongoing drilling continues to return broad gold interceptsDownload the PDF here. Keep Reading...
Closeup of fibrous mineral with dark needle-like crystals radiating outward.

Utah’s Antimony Resource: A Strategic Investment Play in Critical Minerals

Utah may be best known for its copper and gold legacy, but hidden beneath its rugged terrain lies one of the most overlooked critical mineral opportunities in the US: antimony. With global supply heavily concentrated in China and export restrictions tightening, Utah’s underexplored antimony... Keep Reading...
The super pit, or Fimiston open pit.

Hidden Gem: How Intrusion-related Gold Deposits Could Fuel Next-generation Discoveries

With the gold price continuing to hover near all-time highs and major producers scouring the globe for new large-scale deposits, one type of gold system is emerging as a potential game changer. Intrusion-related gold systems (IRGS) have already yielded multimillion-ounce mines, like Kinross... Keep Reading...

Interactive Chart

Latest Press Releases

Related News