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Mako Gold Ltd.
Summary
| Project: | Tangora | |
|---|---|---|
| Deposit: | Tangora | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 7/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-7-2018: Mako Gold Ltd. announces an Exploration/Drilling Update report for its Tangora deposit at the Tangora project. Drilling results incl. 24.0m @ 0.16g/t Au from 4.0m. Mako Gold’s Managing Director, Peter Ledwidge commented: “The object of the shor | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ann Ledwidge (Internal) | |
| ABSTRACT: | Mako Gold’s Managing Director, Peter Ledwidge commented: “The object of the short drilling program and regional rock chip sampling program was to rapidly evaluate the potential of the Tangora Project by testing the artisanal gold mining sites, the areas most likely to yield positive results. Based on the drilling and rock chip sampling results received, Mako will redirect its planned spending on the Tangora project to the higher priority Napié and Niou Projects. We remain optimistic that the Company will provide positive news flow to our shareholders from the Napié and Niou Projects in the weeks to come.” Assay Results Received from Maiden Drilling Program Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) advises that it has received all assay results from the 1005m RC drilling program on the company’s 183.8km2 Tangora Project in Burkina Faso (Figure 1). The RC drilling program was designed to test the two largest artisanal gold mining sites on the permit to approximately 90m vertical depth. 10 RC holes were drilled in the areas of concentrated artisanal mining shafts within the broader artisanal mining zones (Figure 2). Previous rock chip samples from these sites have returned values of up to 14g/t Au2 . The holes were positioned along 5 lines and drilled in a scissor configuration thereby testing various potential gold-bearing quartz vein orientations below the artisanal mining sites. | |
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