Mako Gold Limited (ASX:MKG) has commenced a phase 1 programme of a planned 10,000m of RC drilling on the company’s 90% owned flagship Napié Project in Côte d’Ivoire.
Drilling will target four of the 15 multi-kilometre-long anomalies identified during our recent auger drill programme independent of the Tchaga and Gogbala resource zones.
The targets are situated along the 30km-long Napié Shear, which hosts the Tchaga and Gogbala deposits, both of which constitute the maiden resource of 868koz at 1.2g/t Au.
“We are excited to be commencing the RC drilling programme on some of the best targets identified from our recent auger drill programme,” Managing Director, Peter Ledwidge, said.
“The object of the drill programme is to intersect significant gold mineralization on the first of many new targets to discover more deposits equal to or larger than Tchaga.
“The auger programme delivered 15 significant drill targets along the 30km Napié Shear which shows strong potential to host multiple deposits within the permit. By drilling the first four of these targets, Mako is embarking on the first step in our goal to expand our current “proof of concept” 868koz maiden resource, in line with our near-term goal of outlining a multi-million ounce gold camp at Napié.”
The object of the drill programme is to intersect significant widths, lengths and grades of gold mineralization to discover deposits equal to or larger than Tchaga, where Mako has already defined 545koz Au within its maiden resource. All targets except for the Tchaga Western Extension Target, host new artisanal mining sites. Mako views artisanal mining sites as areas of significant gold anomalies since artisanal miners only mine gold they can see without the aid of a hand lens.
Next Steps
Assay turnaround times are approximately three to four weeks.
Once all assays are received diamond drilling will be planned in strategic locations. The diamond drilling will test between the 400m-spaced fences and will provide important structural information for resource estimates. Diamond drilling can proceed during the wet season providing for regular ongoing exploration updates and newsflow.
Once results are received from the phase 1 wide-spaced RC drill program, areas will be ranked, and the most promising areas selected for a multi-rig resource drill-out. The object is to repeat this on each target as results are received in order to drive our multi-million ounce objective as we continue infill auger drilling on the 11 other targets, and continue this process over the entire 30km-long Napié Shear to expand existing resources.
For further information please visit: https://www.makogold.com.au/
