Gold: Mako up +6pc after extending high grade gold zones at Côte d’Ivoire project
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Mako Gold’s (ASX:MKG) has intersected several new high-grade gold zones at the Napié project in Côte d’Ivoire, sending the stock up +6 per cent in early trade.
Notable results include 1m at 47.3 grams per tonne (g/t) gold within a broader zone of 7.7m at 11.65g/t gold, 169m from surface. Anything above 5g/t is generally considered high grade.
Gold at the Tchaga prospect has now been extended from 120m to 185m vertical depth. This high grade mineralisation remains open at depth and along strike, the company says.
Mako is earning a 75 per cent interest in Napié from $1.25 billion market cap Perseus Mining (ASX:PRU). It currently holds a 51 per cent operating interest.
The company plans to follow-up these latest results with a new drilling program.
Bryah Resources (ASX:BYH) will kick off a 5,000m aircore drilling program next week to test a geotechnical anomaly with volcanogenic massive sulphide (VMS) potential at the Windalah East prospect in Bryah Basin, WA. It will also follow-up on high-grade hits at the Jupiter and Mars prospects, including 9m at 10.32g/t gold (Jupiter) and 12m at 2g/t (Mars).
In Canada, Metals Australia (ASX:MLS) says early stage field mapping and prospecting at the Eade gold project has highlighted broad zones of gold mineralisation on surface. A rock sample collected along strike of the Eade-6 historical gold showing within the West Eade domain returned 3.37g/t gold.
Meanwhile, Ardiden Limited (ASX:ADV) has increased its landholding at the Pickle Lake gold project in Ontario to more than 500sqkm by staking additional highly prospective greenstone belts that are both “contiguous and along strike” of historical gold mines and known gold deposits.