Extensional drilling at Mako Gold’s (ASX: MKG) Tchaga and Gogbala prospects within the flagship Napié project has continued to generate multiple high grade intercepts.
The company has received assays from 32 reverse circulation and diamond drill holes from the 10,000m drilling program at Gogbala along with results from seven holes completed at Tchaga.
Mako noted that 20 holes unearthed “significant mineralisation” at Gogbala with highlight intercepts of 9m at 3.77 grams per tonne gold from 48m; 6m at 5.37g/t gold from 105m, including 3m at 9.61g/t gold from 106m; and 1m at 28.93g/t from 115m.
Over at Tchaga, four holes uncovered “significant mineralisation” with better results of 26m at 1.01g/t gold from 92m; 5.8m at 6.96g/t gold from 135m, including 1m at 34.62g/t gold from 137m; and 0.8m at 9.5g/t gold from 154.5m.
Mako managing director Peter Ledwidge said the results were “outstanding”.
“We are highly encouraged by the drill results, which will add to potential ounces to the upcoming maiden mineral resource estimate scheduled for H1 of 2022.”
“Tchaga drilling has focused on extensional drilling, which will bolster the mineral resource estimate, while Gogbala drilling is testing new targets as well as extensional drilling to increase the size of the upcoming mineral resource estimate.”
Napié gold project
Napié is located in Cote d’Ivoire, with Gogbala and Tchaga laying across a 23km soil anomaly along the 30km-long Napié Fault.
Mako has likened mineralisation at Gogbala to Tchaga with both returning shallow intercepts, and deeper drilling to follow at both prospects.
After a two-week break over the holidays, drilling resumed at both Gogbala and Tchaga on 4 January, with Mako anticipating frequent news flow in the coming weeks.
The company noted assay turnaround times were under four weeks.
Mako currently owns a 51% stake in Napié and has entered a binding agreement with Perseus Mining (ASX: PRU) to boost its ownership to 90%.
The project covers 296 square kilometres of ground in the West African Birimian Greenstone Belt which hosts more than 70 gold deposits exceeding 1 million ounces.