Mako Gold Limited (ASX:MKG) has identified wide areas of high-grade gold in first assay results from its ongoing 10,000m reverse circulation (RC) and diamond drilling (DD) programme on the Tchaga Prospect within Napié Project in Côte d’Ivoire, West Africa.
Managing Director, Peter Ledwidge, said 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.
The Tchaga Prospect continues to deliver exciting drill results, which further increases our confidence in the project,” Mr Ledwidge said.
“The reported assays are from a limited area in the south end of Tchaga and are the first of many assays to come between now and the end of 2020 on our 10,000m drill program.
“We look forward to reporting further results as we progress our drilling northwards on Tchaga.”
Assay results have been received for the first five RC holes of the planned 90-hole drill program which is scheduled to run through to December 2020.
Hole NARC124 returned two main zones of high-grade gold mineralisation, including 14m at 5.46g/t and 9m at 4.08g/t Au.
Mr Ledwidge said the two mineralised zones encountered on this section are geologically similar to mineralisation encountered on sections 330 metres to the north, which increases our confidence in the continuity of mineralisation along strike.
IP (Induced Polarisation) geophysics indicate the presence of a cross fault in this area, that is believed to offset the mineralised zones. To confirm the interpretation, three DD holes are planned.
Mr Ledwidge said the core from DD holes should identify faults and intersect mineralisation and will enable better targeting of subsequent drill holes in the ongoing programme.
The drill programme follows up on positive results received on the Tchaga Prospect in order to advance towards a JORC maiden resource.
The Napié Gold Project is located in the West African Birimian Greenstone Belts which hosts more than 70 +1Moz gold deposits.
Mako Gold entered into a farm-in and joint venture agreement on the Napié Permit with Occidental Gold SARL, a subsidiary of West African gold miner Perseus Mining Limited. Mako currently own a 51% interest in Napié and has the ability to earn up to 75% interest through the delivery of a Feasibility Study.