Mako Gold has delivered its best drill result to date from the Gogbala prospect, which is part of the Napié project in Côte d’Ivoire.
The company’s drilling results include 20 metres at 3.41 grams per tonne of gold, as Mako managing director Peter Ledwidge said Gogbala is on track to repeat the Tchaga prospect’s success.
“After receipt of the best drill intercepts to date at Gogbala, we reiterate the similarities of mineralisation style between Gogbala and Tchaga,” Ledwidge said.
“The wide and high-grade intercepts returned from Gogbala drilling is making Gogbala look more and more like ‘Tchaga 2.0’.
“Both prospects have strong mineralisation outlined over a two-kilometre strike length. This increases our optimism for delineating more deposits along the 30 kilometre-long Napié fault to target a multi-million-ounce resource.”
All holes from Gogbala’s latest batch of results intersected significant mineralisation.
Mako recorded its highest gold assay at Tchaga in May, which intersected one metre at 174.6 grams per tonne of gold with an interval of 10 metres at 18.98 grams per tonne of gold near surface oxide.
“The next target will be the Tchaga North Prospect where we have a 10,000-metre drill program planned,” Ledwidge said.
“We are growing the potential mineral inventory at Napié using our methodical approach to exploration and are funded to continue to do so. We look forward to providing more outstanding results from Tchaga and Gogbala as they come to hand.”
Mako completed a $10 million placement for the Napié project in August to advance its exploration strategy.
The company entered a binding agreement with Perseus Mining in July to grow its ownership of the Napié project to 90 per cent.
African American Investment Fund (AAIF) owns the remaining 10 per cent interest in Napié.
Mako has drilled 4400 metres of the planned 10,000 metres at Gogbala to form part of its 35,000-metre drilling program at the Napié project.