Second Rig Accelerates Drilling At Gogbala Prospect On Napié Project

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has commenced a 1,500m DD drill program at the Gogbala Prospect within 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

• Diamond Drill (DD) rig commences 1,500m drill program at Gogbala to test mineralisation at depth and to gain valuable structural and geological data to enhance the understanding of the deposit
• DD rig is supplementing ongoing RC rig to accelerate drilling to deliver a maiden Mineral Resource Estimate (MRE) in Q2-CY22
• Drilling is extensional in nature with the aim to increase the upcoming maiden MRE at depth (existing drilling only testing to 100m vertical depth)
• Komboro AC drilling program (5,712m) is complete – assay results pending
• Phase 1 of Tchaga North AC drilling (5,715m) program complete – assay results pending

Mako’s Managing Director, Peter Ledwidge commented:

“We are pleased to be accelerating the drilling with the addition of a second drill rig at Gogbala. Our RC drilling to date has been relatively shallow, generally down to about 100m vertical depth. The DD rig will allow us to test mineralisation at greater depth, in order to show the potential to add ounces to the deposit at depth. In addition, the oriented core samples from DD will unlock valuable structural and other geological information to better understand the deposit at Gogbala.

We are also pleased to have recently completed over 11,000m of AC drilling on the Komboro and Tchaga North prospects with the aim of making a new discovery at Napié. We look forward to providing AC, RC and DD assays results as they are received.”

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