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Mako Gold Ltd.
Summary
| Project: | Napie | |
|---|---|---|
| Deposit: | Napie | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 6/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-6-2018: Mako Gold Ltd. announces an Exploration/Drilling Update report for its Napie deposit at the Napie project. Drilling results incl. 26.0m @ 3.85g/t Au from 52.0m. Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to report first ass | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ann Ledwidge (Internal) | |
| ABSTRACT: | Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to report first assay results received from the Company’s maiden reverse drilling (RC) program at the Napié Project in Côte d’Ivoire (Figure 2). Mako is earning up to a 75% interest in the Napie Project under a farm-in and joint venture agreement with Occidental Gold SARL, a subsidiary of West African gold miner Perseus Mining Limited (ASX/TSX:PRU)1 . Mako geologists previously identified 9 high priority targets within the Napié Project for drill testing3 based on multiple coincident anomalies, including soil geochemistry, historic RAB drilling and artisanal workings. The drilling program currently in progress was designed to test all 9 high priority targets (A, C, D, E, F, G, I, J and K) indicated on Figure 3. This announcement reports assay results received from initial drill testing of Targets A, C, D, E and F. All intervals above 0.5g/t cut-off are reported in Appendix 1. Significant gold mineralisation was intersected from drill holes within Targets E and F, referred to as the Tchaga prospect, including high-grade results from multiple, wide-spaced drill holes over the 5km long trend (Figure 4). Individual assays returned values up to 51g/t Au. Significant widths, up to 26m, were intersected in several drill holes. Visible gold was noted in holes NARC001 and NARC002 corresponding to the intervals that returned highgrade gold assays. In addition, Mako geologists observed visible gold in the recently completed DD hole NADD004 at 65.5m (Figure 1). No assay results have been received from the 4 DD holes completed to date | |
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