Mako Gold Limited (ASX:MKG) has discovered extensive manganese mineralization on the Ouangolodougou Permit which, along with the Korhogo Nord permit, constitute the company’s wholly-owned Korhogo Project in Côte d’Ivoire.
“We are very excited by this opportunistic Manganese discovery at Korhogo which was made by our dedicated team of geologists during mapping of the Ouangolodougou permit,” Managing Director, Peter Ledwidge, commented.
“It is highly encouraging that all rock samples collected on two parallel manganese-rich units returned significant manganese values, as this indicates consistent mineralization over each of the entire 7km strike lengths.
“The discovery of manganese mineralization on the Korhogo Project is an important step in Mako’s growth as it now gives investors exposure to a new critical metal commodity in the EV space in addition to the well-endowed gold potential in the region.”
A total of 22 samples were taken on two parallel manganese-rich lithological units, both over 7km in strike length, with all samples returning significant manganese values averaging 22% Mn. The highest value was 33% Mn
There are four operating manganese mines in Côte d’Ivoire operated by private unlisted companies. Due to the companies being private, there is little information published on current resources, other than Shiloh Mining’s Lagnonkaha Mine which, according to the official Cote d’Ivoire government website’s 2016 news release has a reserve (non-JORC) of 2.7Mt at 36% Mn and expected production of 200kt per annum for 15 years This mine is located along strike of Mako’s discovery in the same lithological unit. The total strike extent of the Lagnonkaha Mine is 1.6km.
Whilst the work Mako has done to date represents rock chip sampling only, the extent of the potential strike on Mako’s permit is interpreted as being significant given Mako’s two parallel manganese-rich units which have a combined strike length of 14km. Additional work is warranted on the project to test the extent of the mineralization and its potential for a large deposit
For further information please visit: https://www.makogold.com.au/
