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Mako Gold Ltd.
Summary
| Project: | Napie | |
|---|---|---|
| Deposit: | Tchaga | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 12/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-12-2019: Mako Gold Ltd. announces an Exploration/Drilling Update report for its Tchaga deposit at the Napie project. Drilling results incl. 36m @ 3.09g/t Au from 43m. Mako Gold Limited (“Mako” or “the Company”) is pleased to advise that it has received | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ann Ledwidge (Internal) | |
| ABSTRACT: | Mako Gold Limited (“Mako” or “the Company”) is pleased to advise that it has received assay results from its latest drilling program on the Tchaga Prospect at the Company’s 224 km2 Napié Project in Côte d’Ivoire (Figure 2). 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). Mako currently holds a 51% interest in the permit and is operator of the project1 . Mako intends to fast-track the Napié Project and can earn up to 75% by taking the project to feasibility. The drilling program consisted of 2,090m of reverse circulation (RC) drilling in 19 holes on the Tchaga Prospect. The Tchaga Prospect is associated with a +40ppb gold soil anomaly coincident with a +17km long shear zone, thought to be a major control for gold mineralisation as shown on Figure 2. Assay results returned multiple wide gold intercepts including 8m at 6.49g/t Au within a 36m gold mineralised interval (NARC107), which is the widest gold intercept thus far. The previous largest gold intercept to date was 28m in hole NARC057. Several drill holes had multiple wide gold intersections within the same hole. | |
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