What lurks beneath: Mako is fast-tracking its highly-prospective Korgoho auger program
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Mako Gold has begun its 7,000m dual auger drilling program at the Korhogo project in Côte d’Ivoire.
The program covers the Ouangolodougou and Korhogo Nord permits, which collectively cover 296km2 and host 17km of faulted greenstone granite contact.
It’s the same greenstone belt that hosts Barrick Gold’s (NYSE:GOLD) 4.9Moz Tongon gold mine and Montage Gold’s (CVE:MAU) 4.5Moz Kone gold deposit, both in Côte d’Ivoire, as well as Endeavour’s (TSX:EDV) 2.7Moz Wahgnion gold mine across the border in Burkina Faso.
And Korhogo has had no previous exploration, which along with its location, bolsters the company’s confidence that it could host large gold deposits.
Two Landcruiser-mounted auger rigs will be used to fast-track the drilling program, working together to send samples to the lab as soon as drilling is completed on each grid.
This will speed up the assessment of results by the company in preparation for is 10,000m AC program.
“We started work on the project in 2021 with an airborne geophysical program as well as a geochemical soil sampling program, which identified highly prospective targets which we will now be testing with auger drilling,” Mako Gold (ASX:MKG) MD Peter Ledwidge said.
“We are fast-tracking the auger drilling sampling program with two rigs on the ground so that we can commence a 10,000m AC drilling program when the auger results are received.”
The company’s drilling campaign at its flagship Napié project is ongoing, with the MRE scheduled for Q2 FY22.
“We are fully financed to advance this exciting new greenfield program on the Korhogo project, as well as the Napié Project which remains our primary focus as we rapidly progress towards our MRE,” Ledwidge said.
This article was developed in collaboration with Mako Group 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.