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Mako Gold Limited (ASX:MKG) is an Australian based exploration company focused on advancing its flagship Napié Gold Project in Côte d’Ivoire located in the West African Birimian Greenstone Belts which hosts more than 70 +1Moz gold deposits. Senior management has a proven track record of high-grade gold discoveries and delineation of Mineral Resources in West Africa.
Mako Gold recently announced its 868koz maiden Mineral Resource Estimate (MRE) at the Napié Project (224km²). The maiden MRE comprises the Tchaga and Gogbala prospects which constitute only 4.4km of the 30km-long Napié Shear. Only 13% of the Napié Shear has been systematically drilled, indicating the strong potential for a multi-million-ounce gold system at Napié. Mako currently holds a 51% interest in the Napié Permit through 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 has signed a binding agreement with Perseus Mining Limited to acquire their remaining 39% interest in Napié. Upon completion of the agreement Mako will have 90% ownership of the permit. In addition, Mako Gold has 100% ownership of the Korhogo Gold Project comprising two permits (296km2) covering 17km of faulted greenstone/ granite contact (high-grade gold targets) located within 30km of Barrick’s operating Tongon Gold Mine (4.9Moz Au). This proximity has the potential to create accretive development and processing synergies should Mako be successful in discovering a gold deposit in the project. There is no previous known exploration on the Korhogo Project. Mako has strategic alliances with Perseus Mining Limited (ASX:PRU) and Geodrill (TSX:GEO). In 2021, Mako Gold sold its Niou Project to Nordgold , a 1Moz per annum global producer. Mako retains a 1% NSR on the project. Nordgold has the right to purchase the NSR at any time for $US4.5M. Mako had announced a gold discovery on Niou in January 2019. |
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Or view all announcements here 14 June 2022 - Mako Delivers 868koz Maiden Resource to Provide Strong Growth Platform at Napié
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