MELBOURNE: Mako Gold Limited has completed its latest RC drilling program on the Tchaga Prospect at the Company’s 224 km2 Napié Project in Côte d’Ivoire.
Mako is earning up to a 75% interest in the Napié Project under a farm-in and joint venture agreement with Occidental Gold SARL, a subsidiary of West African gold miner Perseus Mining Limited. Mako currently holds a 51% interest in the permit and is operator of the project.
Significant drill intersections encountered to date are spatially related to gold soil anomalies coincident with structures sub-parallel to the deep-seated regional fault that extends through Côte d’Ivoire north into Burkina Faso.
The Company is focussing on the more advanced Tchaga Prospect to help move towards the delineation of a JORC compliant gold resource. Current and previous drill results have confirmed the presence of multiple gold mineralised zones along a strike length of 1km.
The purpose of the program is to demonstrate continuity of gold mineralisation within the 1km target area, which would increase confidence in the modelling of the mineralised trend.
Mako’s Managing Director, Peter Ledwidge commented: “We are pleased that our latest drilling program was completed in a timely fashion, thanks to the efficiency of our team and drilling contractor. Mako looks forward to providing assay results, which we expect to have by early December.”
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