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Mako Gold Ltd.
Summary
| Project: | Napie | |
|---|---|---|
| Deposit: | Napie | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 8/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-8-2018: Mako Gold Ltd. announces an Exploration/Drilling Update report for its Napie deposit at the Napie project. Drilling results incl. 7.0m @ 1.91g/t Au from 0m. Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) advises that it has received new RC | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ann Ledwidge (Internal) | |
| ABSTRACT: | Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) advises that it has received new RC assay results from the Company’s recently completed maiden drilling program at the Napié Project in Côte d’Ivoire (Figure 1). All assay results have now been received for the 4171m RC phase of the maiden drill program. Assay results from the 609m diamond core phase of the program are pending. Mako is earning up to a 75% interest in the Napié 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 previously identified 9 high priority targets within the Napié Project for drill testing3 based on multiple coincident anomalies, including soil geochemistry, historic rotary air blast (RAB) drilling and the presence of artisanal workings. The drill program was designed to test all 9 high priority targets (A, C, D, E, F, G, I, J and K) as indicated by the red circles on Figure 2. Mako Gold’s Managing Director, Peter Ledwidge commented: “We are pleased to have extended the potential gold mineralised trend on the Tchaga Prospect and to have intersected gold during initial drill testing of the Tchaga East Prospect. We have now confirmed significant gold mineralisation from wide-spaced drilling at 6 of the 9 high priority targets in our maiden drilling program. The wet season will enable us to review these positive results and to plan our next phase of drilling to focus on targets with the highest chance of making a significant gold discovery.” | |
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