Mako Gold (ASX: MKG) has identified two new mineralised zones outside of the current resource drill area returning 6m at 5.05g/t Au and 4m at 4.82g/t Au in Gogbala prospect drilling at its flagship Napié Project in Côte d’Ivoire.
Gogbala is located on a +23km soil anomaly and coincident 30km-long Napié Fault.
Significant wide and high-grade mineralisation was intersected in 36 of the 43 holes drilled at Gogbala, including 4m at 14.78g/t Au in NARC668, which includes 2m at 27.83g/t Au, and 6m at 4.28g/t Au in NARC703DD, which includes 1m at 14.65g/t Au.
The majority of 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, with some holes drilled outside of the high-priority zone which have confirmed two emerging new mineralised zones.
Select significant results from previous drilling at Gogbala include: o 17m at 4.13g/t Au from 57m in NARC660 o 20m at 3.41g/t Au from 19m in NARC531 o 12m at 5.39g/t Au from 11m in NARC035 o 35m at 1.72g/t Au from 43m in NARC553 o 7m at 6.70g/t Au from 6m in NARC518 o 23m at 1.81 g/t Au from 19m in NARC535 o 20m at 1.92g/t Au from 33m in NARC535 o 9m at 3.77g/t Au from 48m in NARC 579 o 6m at 5.37g/t Au from 105m in NARC569.
“We are once again very pleased to be reporting on more good results from our extensional drilling program at the Gogbala Prospect,” Managing Director, Peter Ledwidge, said.
“We are excited by our discovery of two new emerging mineralised zones at Gogbala as these present high-priority targets which have the potential to expand the resource when we resume drilling at Gogbala following the maiden MRE.
“It is highly encouraging that 36 of the 43 holes drilled returned significant gold results and we are consistently achieving a high success rate in our drilling.
“Mako management recently travelled to the projects in Côte d’Ivoire, and we are extremely pleased with the high calibre and performance of our exploration team.
“Our inspection of the drill core and RC chips as well as our field visits to the Napié and Korhogo projects continue to underline the potential to further expand inventory at Mako’s projects.”
Me Ledwidge said T=the latest results are significant for several reasons:
1) The mineralised intervals, such as 4m at 14.78g/t Au and 6m at 4.28g/t Au, are from extensional drilling in the high-priority MRE zone (new zones along strike or below previous positive drill results) and will potentially add ounces to the upcoming MRE.
2) The mineralised interval of 4m at 4.82g/t Au, combined with the previously announced intervals of 5m at 3.28g/t Au and 3m at 2.36g/t Au (on adjacent sections to the north and south), confirm this to be an “Emerging New Mineralised Zone”.
The mineralised zone is located at the intersection of a cross-cutting structure with the main Napié Fault which presents a potential dilational zone. Dilational zones commonly are traps for gold mineralisation. There is potential, with further drilling to the north and south and at depth, to expand the mineralised zone and increase the resource.
3) The mineralised interval of 6m at 5.05g/t Au, is located proximal to the main Napié Fault. This constitutes another Emerging New Mineralised Zone. As shown in cross section A-B the parallel fault has identified a second mineralised zone along the section. This zone has a steeper dip than the western zone which is similar to the Tchaga Prospect where mineralisation close to the main splay of the Napié Fault is typically steeper and hosts higher grade mineralisation than the western zone, which is farther from the Napié Fault. No drilling has been done north or south along the primary (D1) eastern fault. Follow-up drilling after the maiden MRE has the potential to outline significant high-grade mineralisation for 1km north, and to the south along the length of the fault which could provide a pathway to significant resource growth.
4) The two new emerging zones constitute high-priority drill targets and have the potential to increase the MRE after the maiden MRE. For further information please visit: https://www.makogold.com.au/
