Mako Gold Limited (ASX:MKG) has received multiple high-grade intercepts in assay results from 25 reverse circulation (RC) holes from the ongoing 10,000m drill programme at the Gogbala Prospect, within the company’s flagship Napié Project in Côte d’Ivoire.
Gogbala is located on a +23km soil anomaly and coincident 30km-long Napié Fault.
Significant mineralisation was intersected in 18 of the 25 holes drilled at Gogbala, such as 5m at 4.61g/t Au in NARC610, 15m at 1.17g/t Au which includes 5m at 2.15g/t Au in NARC623, and 1m at 30.89g/t Au in NARC619.
Most of the holes were drilled in the 2km-long high-priority area which is the focus of extensional drilling for the upcoming maiden MRE scheduled for Q2-CY22.
Managing Director, Peter Ledwidge, said the company is highly encouraged by results from drill holes in an emerging zone, located approximately 2km NE of the MRE priority area, which includes 1m at 30.89g/t Au in NARC619, as this demonstrates the potential for Gogbala to grow. Follow-up drilling on these zones is planned with the aim to include these areas in the maiden MRE.
“We are pleased with the ongoing results from our extensional drilling at the Gogbala Prospect. Having 18 of 25 holes return significant gold results indicates how widely mineralised the Gogbala Prospect is,” Mr Ledwidge said.
“These results will add ounces to the upcoming maiden Mineral Resource Estimate (MRE) scheduled for Q2-CY22. In addition to the positive results returned from the 2km-long high-priority maiden MRE zone, further promising intersects were returned outside that zone, which highlights the blue sky that remains at Gogbala and the whole Napié permit.
“Extensional drilling is ongoing at Gogbala in order to maximize the size of the upcoming MRE. We look forward to providing further results as assays are received.”
Mr Ledwidge said the latest results are significant for several reasons.
1) The mineralised intervals, such as 5m at 4.61g/t Au and 15 at 1.17g/t Au, are from extensional drilling and will add potential ounces to the upcoming MRE.
2) Several drill holes intersected multiple zones of gold mineralisation, such as NARC598 which intersected three gold zones totalling 14m and NARC609 which intersected three gold zones totalling 24m. This is similar to the Tchaga Prospect and indicates the possibility of discovering further stacked zones with ongoing drilling, thereby widening the overall mineralisation width at Gogbala.
3) Recent results confirm that Gogbala displays repeating stacked lodes along the D1 Napié fault, like Tchaga, which increases confidence for the Company’ goal of delineating a multi-million-ounce resource on the Napié Permit through exploration along the entire length of the 30km Napié fault/
4) Several gold intersects were returned from emerging zones 1 and 2km NE of the high-priority MRE area, such as 3m @ 2.32g/t and 1m at 30.89g/t Au respectively. This indicates a clear path to increasing the mineralised footprint north of Gogbala with the goal of outlining a larger resource both pre and post the maiden MRE.
For further information please visit: https://www.makogold.com.au/
