Mako Gold has intersected “significant mineralisation” in all of the final 10 diamond drill holes at the Tchaga Prospect – part of the company’s flagship Napié Project in Côte d’Ivoire.

Deep high-grade results have extended mineralisation beyond 250m below the surface and returned spectacular intersections including 19.6m at 4.36g/t gold in NARC621DD, and 4.5m at 6.92g/t gold which includes 1m at 29.46 g/t gold in NARC512DD.

Several drill holes intersected multiple zones of gold mineralisation, such as 41m of mineralisation intersected over 7 zones averaging 2.85g/t (NARC621DD) and 63.1m of mineralisation intersected over 15 zones averaging 1.25g/t Au (NARC559DD)

The company says that because multiple zones have been intersected on Tchaga in previous drilling with low and high-grade zones, this indicates that in a potential mining scenario stripping ratios may be advantageous.

Option to extend the resource at depth

“We are pleased with the results from our extensional deep diamond drilling at the Tchaga Prospect, especially since all 10 holes intersected significant gold mineralisation,” Mako Gold (ASX:MKG) MD Peter Ledwidge said.

“Gold mineralisation is shown to be open at depth, indicating that post maiden MRE, there will be the option to extend the resource at depth at Tchaga, thereby increasing the size of the resource.

“Extensional drilling is ongoing at Gogbala with two drills working around the clock, as we gear up for the upcoming MRE.”

Mako Gold
Pic: Tchaga – Select new (yellow) and previous (white) gold intercepts on +40ppb soil geochemical anomaly.

Maiden resource due in Q2

Mako is highly encouraged by the results – as they will extend the mineralised zones at depth which should increase the size of the upcoming maiden Mineral Resource Estimate (MRE) for the project.

In addition, this highlights the potential for extending the resource post the maiden MRE with further drilling at depth.

Modelling (wireframing) for the Tchaga Prospect will be finalised in anticipation of the maiden MRE scheduled for June 2022.

RC and DD drilling is ongoing at the Gogbala Prospect and once completed, the wireframing will be finalised and the resource estimation will commence on both Tchaga and Gogbala.

 

 

 

This article was developed in collaboration with Mako Gold Limited, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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