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.