Thu. Jan 27th, 2022

Mako Gold Limited (“Mako” or “the Company”; ASX: MKG) is pleased to report that it has received subsequent reverse hole (RC) test results from the ongoing drilling program at Tchaga Prospect, in the flagship of the company, Napié. Project in Côte d’Ivoire. Results of drills are recorded, including the test of one meter higher in history …

Mako Gold Limited (“Mako” or “the Company”; ASX: MKG) is pleased to report that it has received subsequent reverse hole (RC) test results from the ongoing drilling program at Tchaga Prospect, in the flagship of the company, Napié. Project in Côte d’Ivoire.

Drilling results, including the one-meter-tall test in history, are recorded for Sludges 2 and 3 of the Tchaga Prospect, where the company continues to grow the footprint of the mineralized area. Current drilling results have increased the width of Sludges 2 and 3 to more than 300 m (Figure 3).


All twenty-one holes in this announcement reported significant gold mineralization indicating widespread gold mineralization in Tchaga.

There is significant potential to further expand the mineralized footprint in Tchaga with large portions of the + 40 bp soil geochemical anomaly yet to be tested. In addition, there is significant potential to extend mineralization by perforating the strike extent of sludge to the southwest and other sludge to the north and south (Figure 4).

HIGHLIGHTS

  • The highest degree that has intersected at the Tchaga perspective of 1 mA 174.60 g / t Au in a range of 10 m 18.98 g / t Au in oxide close to the surface
  • A high-grade interception confirms the continuity of mineralization between the oxide and fresh rock, following the previous fresh rock interception of 9 mA 22.73 g / t Au from 32 mA NARC1841
  • Select the latest drill results received from Tchaga:
    • NARC486: 10 mA 18.98 g / t Au from 7 m; included
      • 3 m and 61.80 g / t Au from 13 m; include 1m to 174.60g / t Au from 14m
    • NARC507: 29m at 1.44g / t Au from 62m; included
      • 5 m 3.16 g / t Au from 68 m
    • NARC508: 6 m and 1.28 g / t Au from 11 m; i
      • 10 m 2.13 g / t Au from 119 m
  • Several holes had multiple intersections of several meters> 1 g / t Au (see Appendix 1)
  • The large areas of golden mineralization were crossed at more than 300 m in height at the strike in Lodes 2 and 3, positively affecting the size of the next single estimate of mineral resources.
  • All holes crossed significant mineralization, indicating widespread mineralization of gold in Tchaga
  • Mako is currently drilling the Gogbala Prospect with targets similar to the Tchaga Reservoir

Mako CEO Peter Ledwidge commented:

“The Tchaga Prospect has realized the test of a meter higher of 1 m 174.60 g / t Bird inside a zone mineralized of oxide of high level wider, something that confirms the continuity of the mineralization between the rust area and the fresh rock. The drilling has confirmed mineralization in stacked repeating areas with widths greater than 300 meters wide at Lodes 2 and 3. We are very excited to see these multiple wide mineralized areas with high quality cores, as this indicates relationships of modest landslides in a potential open pit mining scenario. Our confidence in the Napié Project increases every time we receive the results of the trial and we anticipate more trials of our diamond drilling in Tchaga soon. ”

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