Mako Gold Limited (ASX:MKG) has released a maiden JORC compliant Inferred Mineral Resource Estimate (MRE) of 22.45Mt at 1.20g/t Au for 868,000 contained ounces of gold on the Tchaga and Gogbala prospects, within the company’s flagship Napié Project (Napié) in Côte d’Ivoire.
Tchaga and Gogbala are two of four prospects currently being explored by the company, which are located on a +23km soil anomaly and coincident 30km‐long Napié Shear.
The maiden MRE comprises the Tchaga and Gogbala prospects which constitute only 4.4km of the 30km‐ long Napié Shear.
Only 13% of the Napié Shear has been systematically drilled, indicating the strong potential for resource growth at Napié by drilling between Tchaga and Gogbala as well as on other undrilled portions of the Napié Shear.
The Napié maiden MRE is much shallower than the average 300m depth for recent resources1 in West Africa. The maximum resource depth, which is constrained due to limited deeper drilling, is 195m at Tchaga and 160m at Gogbala.
Part of the company’s near‐term growth strategy is to drill below the current limits of the MRE at Tchaga and Gogbala. The grades at Tchaga and Gogbala increase with depth, supporting the strategy that deeper drilling has the potential to add higher‐grade ounces to the resource.
“The maiden Mineral Resource Estimate is a significant milestone for Mako Gold. It is the first step in our vision to discover a multi‐million‐ounce resource base at the Napié Project,” Managing Director, Peter Ledwidge, said.
“This resource represents only 4.4km of the 30km shearzone and we have only ‘scratched the surface’ with respect to the broader exploration upside at Napié. We see a clear pathway to deliver a significant increase in the resource.
“The resource is shallow with Gogbala estimated to a maximum depth of 160m and Tchaga estimated to a maximum depth of 195m, significantly less than the 300m average resource depth for recent projects located in West Africa. Some of the high‐grade results returned from Tchaga and Gogbala were not included in the MRE as they were below the MRE base depth.
“The grade of the resource improves with depth. This indicates the potential for near‐term growth by deeper drilling at Tchaga and Gogbala. Encouragingly, there are several kilometres of undrilled portions of the Napié shear between Tchaga and Gogbala as well as a parallel shear at Gogbala that includes more than 4km of strike that remains to be drilled. These provide exceptional targets for near‐term resource expansion. “
We plan to recommence drilling shortly on high‐priority shallow targets at Gogbala which we consider a rapid, low‐cost pathway for near‐term resource growth. We also have plans to drill depth extensions at Gogbala and Tchaga, while we continue to explore the Tchaga North and Komboro prospects, with the aim of advancing the Napié Project to a world‐class multi‐million‐ounce deposit.”
For further information please visit: https://www.makogold.com.au/