Mako Gold flags 55.9g/t at Napié, eyes resource growth potential

Phase 1 of the 25,000m auger drilling program at Mako Gold’s Napié Project in Côte d’Ivoire has identified multiple multi-kilometre-long gold anomalies equal to or several times larger than Tchaga or Gogbala, confirming a large gold system at the project.

The drilling also returned several +1g/t gold results which include 55.9g/t gold south of Gogbala where there has been no previous drilling.

“We are delighted with the results of phase 1 of the auger program which has delineated multiple multi-kilometre drill targets,” Mako Gold (ASX:MKG) MD Peter Ledwidge said.

“The auger drilling has narrowed down the wide soil anomalies at Napié and pin-pointed specific long targets for resource expansion at Napié.”

+10km of anomalies

A 4.7km-long auger anomaly was found between Tchaga and Gogbala, a +10km anomaly at Tchaga North and 2.3km-long anomalies south of the Gogbala resource, all of which highlight the “significant near-term resource growth potential at Napié” the company says.

“We are particularly pleased with the extensive multi-kilometre mineralised trends highlighted at Tchaga North with over 10km of anomalies, as well as the 5.6km-long trend between the Tchaga and Gogbala deposits,” Ledwidge said.

“Also noteworthy is a 1.4km extension to the south of Gogbala at the southern tip of the Gogbala deposit, where there has been no previous drilling.”

Unlocking district scale potential

“We believe that the auger drilling has helped to unlock the district scale multi-million-ounce potential of the Napié Project by narrowing down the wide soil anomalies so that we can hit the ‘sweet spot’ in our upcoming RC/DD resource expansion drilling program in Q1CY23,” Ledwidge says.

“Phase 2 drill auger drilling is scheduled to commence by the end of January with results expected by late February.

“RC/DD drilling will resume as soon as phase 2 auger results are received.”

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.