Mako has its sights locked on giant new gold anomaly at Korhogo
Mako has a clear initial target for its first-ever reverse circulation drill at the Korhogo project in Côte d’Ivoire: a recently identified gold anomaly which is more than two kilometres in length.
The +20 parts per billion gold anomaly, which includes high-grade cores over 60ppb, was confirmed by the company’s 11,000m auger drilling over the Ouangolodougou and Korhogo Nord permits and is coincident with the faulted greenstone/ granite contact.
Adding interest, the size of the auger gold anomaly compares favourably with Barrick’s nearby 4.9Moz Tongon mine bolstering Mako Gold’s (ASX:MKG) confidence that Korhogo could host large gold deposits.
The imminent 2,000m of RC drilling in four fences of heel to toe holes – where the bottom of one hole coincides with the collar of the next hole – will cover about 900m of the highest auger anomalies.
“We are pleased that the recently completed 11,000m auger drilling program has returned large gold anomalies which pave the way for the imminent start of a maiden RC drilling program at Korhogo,” managing director Peter Ledwidge said.
“We are highly encouraged by these coincident anomalies as this validates our motivation for acquiring these permits and increases the chance of the company making another significant gold discovery.”
The Korhogo project covers about 296sqkm within a fertile greenstone belt that hosts the Tongon mine and Montage Gold’s 4.5Moz Kone gold project in Côte d’Ivoire as well as Endeavour’s 2.7Moz Wahgnion gold mine just across the border in Burkina Faso.
A recent site visit highlighted evidence of strong shearing in outcrop proximal to the 17km of faulted greenstone granite contact hosted within the permits.
This demonstrates strong tectonic movement that supports the theory of nearby faulting at the greenstone/ granite contact, which could be a major pathway for gold bearing fluids.
Ongoing exploration will consist of further RC drilling on other high priority targets as well as additional auger drilling along the structural trends in order to extend current anomalies or discover new anomalies.
However, Mako remains focused primarily on its flagship Napié Project where a maiden resource estimate is on-track for June 2022.
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.