Wide High-Grade Results Returned from Gogbala as Third Drill is Mobilised

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has received assay results from 39 reverse circulation (RC) holes from the ongoing 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).

• Gogbala drilling returned multiple wide high-grade intercepts up to 22g/t Au
• Results are from extensional drilling and will continue to increase the size of the upcoming maiden Mineral Resource Estimate (MRE) scheduled for Q2-CY22
• Several holes host multiple gold mineralised intercepts confirming stacked lodes at Gogbala similar to Tchaga
• 39 RC holes received with 35 holes intersecting significant mineralisation. Highlights include:
  • NARC660: 17m at 4.13g/t Au from 57m; including 5m at 12.02g/t Au from 62m
  • NARC651: 10m at 1.63g/t Au from 69m; and
    • 10m at 3.35/t Au from 102m; including 1m at 22.29g/t Au from 103m
  • NARC642: 2m at 12.89g/t Au from 50m
  • NARC643: 5m at 3.24g/t Au from 118m; including 1m at 8.17g/t Au from 119m
  • NARC646: 7m at 1.73g/t Au from 146m; including 1m at 6.24g/t Au from 151m
  • NARC641: 4m at 3.19g/t Au from 76m; and
    • 3m at 3.20g/t Au from 110m
  • NARC644: 5m at 1.29g/t Au from 24m; and
    • 4m at 2.94g/t Au from 117m; including 1m at 6.62g/t Au from 119m
  • NARC632: 1m at 13.29g/t Au from 150m
  • NARC638: 5m at 2.02g/t Au from 74m (hole ended in mineralisation and will be drilled deeper)
  • NARC640: 4m at 2.64/t Au from 77m; including 1m at 5.35g/t Au from 79m
  • NARC663: 10m at 1.36/t Au from 49m; including 1m at 3.32 g/t Au from 55m and 1m at 4.75g/t Au from 57m
  • NARC657: 11m at 0.99g/t Au from 56m; including 1m at 5.44g/t Au from 63m
• RC drilling is ongoing at Gogbala with an RC and a DD rig operating around the clock
• A third rig (DD) is expected to arrive within two weeks to accelerate drilling prior to maiden MRE

Mako’s Managing Director, Peter Ledwidge commented:

“We are very pleased to be reporting on yet more good results from our extensional drilling program at the Gogbala Prospect. We are particularly pleased that 35 of 39 holes drilled returned significant gold results and that 3 of the 4 holes with no significant results (NSR) were RC pr-collars which we will diamond tail to reach the target depth. The high success rate of our drilling indicates that our exploration team has a thorough understanding of the deposit at Gogbala, which will contribute to resource growth both pre and post MRE.

The ongoing positive drill results also confirmsthe prospectivity of the Gogbala Prospect and will add potential ounces to the upcoming maiden MRE scheduled for Q2-CY22.

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