Defines Continuing Shallow, Wide, High-Grade Intersections at Tchaga
Mako Gold Limited (ASX:MKG) has hit gold in 24 of 27 holes in its ongoing drill programme at the company’s flagship Napié Project in Côte d’Ivoire. The purpose of this programme is to support our proposed maiden Resource at Tchaga in 2021.
Multiple wide gold mineralised intersections with internal high-grade intervals were returned from the stacked mineralised zones within the maiden resource target area on the Tchaga Prospect. All holes were drilled in the revised SE orientation (1350 azimuth) following recent and ongoing structural studies and 3D modelling.
Significant new results include:
- 30m at 4.34 g/t Au from surface; including 2m at 16.19 g/t Aufrom surface; and 3m at 13.58 g/t Aufrom21m;and 7m at 2.83 g/t Aufrom80m;including 1m at 12.48 g/t Aufrom 81m
- 30m at 2.1g/t Aufrom 1m; including 11m at 3.27 g/t Aufrom 10m 26m at 2.02 g/t Aufrom 51m; including 1m at 29.57 g/t Aufrom 72m
- 24m at 1.78g/t Aufrom 19m; including 10m at 2.89g/t Au from 23m
- 24m at 1.74g/t Aufrom 76m
Managing Director, Peter Ledwidge, said structural studies and extensive examination of DD core has indicated multiple sets of vein directions that are gold bearing. Drilling in the revised 1350 azimuth is considered the optimal direction to intersect all vein orientations. It is noteworthy that veins are not large quartz veins but rather a stockwork of small veins and stringers.
“Our confidence in the structural controls and continuity of mineralisation is being validated through results such as these, which demonstrate thick and high-grade gold intercepts,” Mr Ledwidge said.
“It is highly encouraging and supports our drill targeting strategy that 24 of 27 holes intersected gold, with 14 of those having significant intercepts over 10 gram-metres. In addition, several drill-holes returned anomalous gold assays over a significant portion of the entire hole.
“For example, NARC210 had only three one-meter intervals which assayed below the detection limit over the entire 105m length of the hole. We are highly encouraged when we repeatedly intersect broad mineralised zones in drilling, which often contain one or more high-grade zones, as we move towards a maiden resource.
“We will stop drilling for two weeks to give our crew a much-needed break over Christmas, however we have a continuous stream of samples on the way to the assay lab or currently being processed, therefore we expect to receive our next batch of assays early in the new year. We look forward to providing updates on further RC and DD drill results at that time.
“We also look forward to the arrival of a second drill rig to drill Tchaga East and Gogbala in early January.”
Preliminary 3D exploration modelling of the mineralisation intersected thus far in drilling at the Tchaga Prospect validates the Company’s previous theory that stacked lodes oriented NE host gold mineralisation. Gold mineralisation is continuous or semi-continuous within each lode.
