Mako piles on bonanza gold grades in Côte d’Ivoire

Headshot of Matt Birney

ASX-listed West Africa gold explorer, Mako Gold has began the brand new 12 months with a bevy of extra bonanza gold drill hits on the Tchaga prospect as a part of its flagship Napie gold challenge in Côte d’Ivoire. The most recent set of assays from the corporate’s persevering with 10,000-metre RC and diamond drilling blitz had been punctuated by a cracking 41 metres going 4.51 grams per tonne gold from 17m depth and 1m at 107 g/t from 71m.

Brisbane-based Mako was additionally buoyed by 46 of the newest batch of 51 RC and two diamond holes drilled at Tchaga – for which it lately acquired assay outcomes – intersecting gold mineralisation, with 17 registering intercepts of greater than 10 gram-metres.

A number of broad gold intersections containing high-grade intervals had been returned from the stacked mineralised zones throughout the firm’s maiden useful resource goal space on the Tchaga prospect.

The Tchaga RC drill intercept of 41m at 4.51 g/t – the widest, high-grade drill hit on the prospect to date – included 3m at 8.16 g/t from 17m, 6m at 9.Four g/t from 43m and 3m at 16.34 g/t from 53m, whereas the spectacular 1m at 107 g/t was secreted inside a 5m at 21.99 g/t from 70m RC intercept.

Further new high-grade assays amongst a bunch of encouraging drill outcomes had been a diamond gap that returned 7.9m grading 4.63 g/t from 122.8m together with 1m at 27.61 g/t from 126m, and RC hits of 21m at 2.26 g/t from 71m together with 1m at 16.85 g/t from 72m, and 1m at 19.5 g/t from 95m.

Different stand-out intersections had been 5m at 3.Eight g/t from 11m together with 2m at 8.36 g/t from 11m, 5m at 3.19 g/t from 80m together with 1m at 9.01 g/t from 81m, 5m at 3.18 g/t from 89m together with 1m at 10.76 g/t from 89m, 3m at 4.04 g/t from 87m together with 1m at 9.74 g/t from 88m, and 3m at 3.59 g/t from 37m together with 1m at 9.53 g/t from 38m.

Traders appreciated the sound of the Tchaga drilling numbers, pushing Mako’s shares up 19 per cent by the tip of buying and selling at this time.

These drill outcomes verify continuity of mineralisation alongside strike and at depth as we transfer in the direction of a maiden useful resource. Now we have outlined a number of areas at Tchaga that host high-grade cores inside broader mineralised envelopes which validates our exploration technique of focusing on broad zones of gold mineralisation after which vectoring in on the high-grade zones.

We’re additionally happy to have commenced drilling on Tchaga East, which is a high-priority regional prospect (about 2km east of Tchaga) that has not been drilled since 2018. As well as, we anticipate a second drill rig to reach on website imminently to start drilling on the thrilling Gogbala prospect to comply with up extremely encouraging 2018 reconnaissance drilling outcomes and targets generated from the lately accomplished IP survey.

The current drilling at Tchaga has encountered high-grade mineralisation inside broader lower-grade mineralised envelopes. The corporate explains that auriferous zones with a better density of stockwork veins yield higher-grade values throughout the altered mineralised envelope.

As well as, drilling thus far has usually been comparatively shallow with not many holes testing for gold mineralisation under 100m vertical depth. A a lot deeper RC and diamond drill gap is deliberate.

Mako says it continues to undertake the focusing on technique of drilling between or alongside strike of lower-grade drill holes to attempt to sniff out the high-grade cores throughout the mineralised zone.

As a result of nature of Birimian shear-hosted orogenic gold mineralisation within the area, the corporate expects gold grades to fluctuate from one drill gap to the subsequent.

Highlighting the phenomenon was one of many two newest diamond drill holes that went 12.75m at 1.Eight g/t gold from 48.1m together with 0.75m at 15.86 g/t from 60.1m, and an intriguing 15m at 2.02 g/t from 105m together with 0.7m at 19.07 g/t from 109.7m and 0.5m at 16.96 g/t from112.4m.

Mako factors out, nonetheless, that total Tchaga mineralisation seems to be “sturdy and steady”.

The corporate hopes to show the drilling success at Tchaga right into a mineral useful resource this 12 months. It has beforehand indicated it was aiming to launch the maiden useful resource estimate within the present quarter.

Mako at the moment holds a 51 per cent stake within the Napie challenge, which is positioned within the very fertile West African Birimian greenstone belts that play host to greater than 70 one-million-ounce-plus gold deposits.

It entered right into a farm-in and three way partnership settlement over the Napie allow with a subsidiary of ASX-listed and Perth-based West African gold producer, Perseus Mining, and might improve its curiosity within the challenge to 75 per cent by delivering a feasibility research.

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