Mako Gold Limited (ASX:MKG) has received “exceptional” final assay results from 49 reverse circulation (RC) and diamond drilling (DD) holes from 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.
Results
Significant wide and high-grade mineralisation was intersected in 40 of the 49 holes drilled at Gogbala, which includes 4.3m at 5.67g/t Au and 11.2m at 7.40g/t Au including 1m at 54.05g/t Au in NARC294DD and 13m at 3.34g/t Au in NARC712.
All holes were drilled in the 2km-long high-priority area which is the focus of extensional drilling for the upcoming maiden MRE scheduled for completion in early to mid-June 2020. Mineralised zones show continuity along strike and down dip.
Gold mineralisation remains open in all directions with significant growth potential.
“We are pleased to have received all the final assay results from the Gogbala extensional drilling. We have transferred the final data to our resource consultants for the maiden Mineral Resource Estimate which we anticipate being released by early to mid-June,” Managing Director, Peter Ledwidge, said.
“We are particularly pleased with the excellent results in the last batch of assays, as we believe this will have a positive impact on the MRE. Mineralised zones continue to exhibit excellent continuity with wide and high-grade results down-dip and along strike.
“We are enthused by the continuity of mineralisation, as this demonstrates how robust mineralisation at the Gogbala deposit is turning out to be. We are once again highly encouraged with the high success rate in our drilling with 40 of the 49 holes drilled returning significant gold results. We look forward to announcing our maiden MRE in June.”
Significance Of Results
The latest results are significant for several reasons:
1) The width and grade of mineralisation increases with depth in certain area. It is important to note that most drilling at Gogbala is less than 150 vertical meters and remains open at depth, which suggests that one pathway to growth post maiden MRE is to drill deeper.
2) Mineralised intervals, such as 11.2m at 7.40g/t Au and 13m at 3.34g/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.
3) Several drill holes have more than one wide, high-grade interval, such as 11.2m at 3.19g/t Au and 5.1m at 3.75g/t Au in NARC661DD, which confirms multiple mineralised zones at Gogbala.
4) There are multiple undrilled areas that remain to be tested along the main fault at Gogbala. The maiden MRE will come from the 2km high-priority zone. The area north of the 2km area is a high-priority drill target for resource growth at Gogbala post MRE. Another high priority target is the eastern splay of the Napié fault where the Company recently intersected 6m at 5.05g/t Au1 . Note that the fault is undrilled for 1km north of this high-grade drill result.
For further information please visit: https://www.makogold.com.au/
