Gogbala gold hits are Mako’s tool to build a solid resource

Mako looks set to deliver a robust maiden resource for its Napié project in Côte d’Ivoire after extensional drilling returned further high-grade gold intercepts at the Gogbala prospect.

Here’s why it looks positive. Not only did 18 of the 25 holes drilled return significant gold mineralised intercepts, the highest grade zone of 1m at 30.89 grams per tonne (g/t) gold was intersected in an emerging zone located 2km north of the priority resource estimate area.

Additionally, several holes intersected multiple zones of gold, which is similar to what was seen at the Tchaga prospect and raises the possibility of discovering further stacked zones that will widen the overall mineralised width of Gogbala.

The results bode well for Mako Gold (ASX:MKG) ahead of the release of its maiden resource estimate in the second quarter of 2022.

“We are pleased with the ongoing results from our extensional drilling at the Gogbala Prospect. Having 18 of 25 holes return significant gold results indicates how widely mineralised the Gogbala Prospect is,” managing director Peter Ledwidge said.

“In addition to the positive results returned from the 2km-long high-priority maiden MRE zone, further promising intersects were returned outside that zone, which highlights the blue sky that remains at Gogbala and the whole Napié permit.

“Extensional drilling is ongoing at Gogbala in order to maximize the size of the upcoming MRE.”

Besides the ongoing reverse circulation drilling, the company expects a diamond drill rig to arrive within a week to drill deeper holes with the goal of increasing the depth of the resource.

Sweet gold results

Besides the top hit in hole NARC619 to the north, which demonstrates potential to grow the prospect’s footprint, drilling at Gogbala also returned some other noteworthy results clustered within the 2km priority area.

These include a 15m intercept grading 1.17g/t gold from a depth of 109m including 5m at 2.15g/t gold from 110m (NARC623) and 5m at 4.61g/t gold from 158m including 1m at 15.71g/t gold from 162m (NARC610).

Additionally, the company highlighted hole NARC610, which was the standout of the holes that hit multiple intersections, with a 4m intercept at 2.66g/t gold from 34m, 4m at 1.48g/t gold from 72m and 16m at 0.83g/t gold from 93m.

The results highlight the potential scale of Gogbala and also increases the company’s confidence in delineating a multi-million ounce gold resource for the Napié project.

This article was developed in collaboration with Mako Gold, 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.