Mako Gold Limited (ASX:MKG) has intersected significant high-grade, shallow gold from its drilling programme at the Tchaga Prospect within the company’s 224 sq. km Napié Project in Côte d’Ivoire.
The company has now received assays for a further 19 reverse circulation (RC) and 14 diamond drilling (DD) drill holes from the ongoing 10,000m RC and DD drill programme at Napié Project .
Drill results were returned from the Tchaga Prospect within the maiden resource target area, as well as from new conceptual exploration targets outside the maiden resource target area. The Tchaga Prospect is associated with a +40ppb gold soil anomaly coincident with a +30km-long shear zone, thought to be a major control for gold mineralisation
Significant results within resource target area include:
- 10.26m at 4.76 g/t Au from 76.5m; including 1m at 32.49 g/t Au from 79m
- 38m at 1.64 g/t Au from 5m
- 5m at 2.0 g/t Au from 41m; including 1.75m at 4.48g/t Au from 44.25m;
- 18.2m at 1.89 g/t Au from 67.8m; including 0.8m at 14.94 g/t Au from 77m
Managing Director, Peter Ledwidge, said 11 of the 19 RC holes tested new conceptual targets outside the maiden resource target area with one hole returning a positive gold intersection which warrants further drill testing.
We are pleased to have once again intersected wide and high-grade intercepts in our ongoing 10,000m drill programme,” Mr Ledwidge said.
“The DD holes returned significant gold intercepts and have increased our understanding of the controls on gold mineralisation at the Tchaga Prospect.
“Only a few of the holes reported on were drilled in our adjusted SW direction. NADD012 which returned 10.26m at 4.76g/t Au confirms that adjusting our drilling direction from W-E to NW-SE was the right decision, which effectively allows us to intersect both the N-S trending and SW-NE trending gold mineralisation.
“We are also pleased that the IP geophysical survey on the Gogbala Prospect is on track to commence this week as this will pave the way for the start of the 5,000m drill programme in December to follow-up on our positive 2018 drilling results.
“Disruptions due to heavy rains and the elections in Côte d’lvoire delayed receipt of the current assay results. We are confident that we will now be able to maintain a steadier news flow for assays.”
Mako has been concentrating its resource drilling on the south part of the Tchaga Prospect with the goal of outlining the maiden resource in the southern part of the resource target area and then growing the resource on the northern part of Tchaga.
The company also advised that the planned Induced Polarisation (IP) geophysical programme on the Gogbala Prospect is on schedule to commence this week. The survey is planned over a five km-long section of the +40ppb soil anomaly which is coincident with the 30km-long shear crossing the entire Napié permit from SSW to NNE.
A second rig will be mobilised to commence a 5,000m drill programme after the results of the IP survey are received.