Tchaga Prospect
EXCEPTIONAL RESULTS CONTINUE AT TCHAGA PROSPECT
Drilling to date has intersected multiple, broad, high-grade zones of gold mineralisation in shallow drilling (generally less than 100m from surface).
Significant results have now been intersected over more than 1km of strike length at the Tchaga Prospect (Figure 1)
Standout results include:
Results to date increase Mako's confidence in the potential for the Napié Project to host large high-grade gold deposits.
Drilling to date has intersected multiple, broad, high-grade zones of gold mineralisation in shallow drilling (generally less than 100m from surface).
Significant results have now been intersected over more than 1km of strike length at the Tchaga Prospect (Figure 1)
Standout results include:
- 36m at 3.09g/t Au from 43m in hole NARC107; including 2m at 12.69g/t Au from 49m and 8m at 6.49g/t Au from 58m
- 28m at 4.86g/t Au from 83m in hole NARC057
- 25m at 3.43g/t Au from 53m in hole NARC017
- 18m at 3.25g/t Au from 39m in hole NARC080
- 23m at 2.46g/t Au from 15m in hole NARC084
- 27m at 1.29g/t Au from 15m in NARC072
Results to date increase Mako's confidence in the potential for the Napié Project to host large high-grade gold deposits.
Figure 1: Tchaga Prospect - Drill results
CONTROLS ON GOLD MINERALISATION
Significant drill intersections encountered to date are spatially related to gold soil anomalies coincident with an interpreted 17km-long shear and secondary faults (Figure 5).
Mineralisation is proximal to faults which act as the “plumbing” for gold bearing fluids, as shown on both sections A-B and C-D (Figure 2 and Figure 3). Mineralisation observed to date is not restricted to a predominant lithology and has been observed in turbidite sediments and diorites.
Significant drill intersections encountered to date are spatially related to gold soil anomalies coincident with an interpreted 17km-long shear and secondary faults (Figure 5).
Mineralisation is proximal to faults which act as the “plumbing” for gold bearing fluids, as shown on both sections A-B and C-D (Figure 2 and Figure 3). Mineralisation observed to date is not restricted to a predominant lithology and has been observed in turbidite sediments and diorites.
Figure 2: Tchaga Prospect - Cross section A-B
Figure 3: Tchaga Prospect - Cross section C-D
Gogbala Prospect
GOLD MINERALISATION OVER 2KM IN WIDE SPACED DRILLING
RC drilling within the Gogbala Prospect (Figure 4) intersected significant widths and grades of gold mineralisation with individual assays up to 29.89g/t Au (NARC066), and separately, widths up to 17m.
Significant drill intersections from the Gogbala Prospect include:
The mineralised strike length at Gogbala Prospect has been confirmed to 2km in wide-spaced drilling.
Mineralisation remains open in all directions.
RC drilling within the Gogbala Prospect (Figure 4) intersected significant widths and grades of gold mineralisation with individual assays up to 29.89g/t Au (NARC066), and separately, widths up to 17m.
Significant drill intersections from the Gogbala Prospect include:
- 12m at 5.39g/t Au from 11m, including 5m at 10.74g/t Au in NARC035
- 7m at 2.73g/t Au from 77m in NARC065.
The mineralised strike length at Gogbala Prospect has been confirmed to 2km in wide-spaced drilling.
Mineralisation remains open in all directions.
Figure 4: Gogbala Prospect - Drill results
Blue Sky at Napie
POSSIBILITY OF MULTI-MILLION OUNCE GOLD DEPOSITS
It appears that gold mineralisation intersected at the Tchaga Prospect and the Gogbala Prospect, are part of the same system and both lie along the recently interpreted 17km-long shear zone.
The areas drilled to date area cover only a very small part of the main 23km long +40ppb soil/auger anomaly and coincident +17 km-long shear (Figure 5). Gold mineralisation is open laterally, along strike and at depth.
Furthermore, multiple gold trends, exhibiting similar characteristics and trends sub-parallel to the main trend, provide other targets for future drilling.
MAKO ON WAY TO EARNING 75% OWNERSHIP
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 Napié Project and is the operator.
WORK TO DATE BY MAKO GOLD ON THE NAPIE PERMIT
Mako Gold completed a maiden drilling program on 17 July 2018 and to date has completed 3 further phases for a total of 13,574m drilled. This includes 12,965m Reverse Circulation (RC) drilling in 115 holes and 609m diamond core (DD) drilling in 6 holes.
It appears that gold mineralisation intersected at the Tchaga Prospect and the Gogbala Prospect, are part of the same system and both lie along the recently interpreted 17km-long shear zone.
The areas drilled to date area cover only a very small part of the main 23km long +40ppb soil/auger anomaly and coincident +17 km-long shear (Figure 5). Gold mineralisation is open laterally, along strike and at depth.
Furthermore, multiple gold trends, exhibiting similar characteristics and trends sub-parallel to the main trend, provide other targets for future drilling.
MAKO ON WAY TO EARNING 75% OWNERSHIP
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 Napié Project and is the operator.
WORK TO DATE BY MAKO GOLD ON THE NAPIE PERMIT
Mako Gold completed a maiden drilling program on 17 July 2018 and to date has completed 3 further phases for a total of 13,574m drilled. This includes 12,965m Reverse Circulation (RC) drilling in 115 holes and 609m diamond core (DD) drilling in 6 holes.
Figure 5: Napié Project - Wide-spaced drilling along +17km-long shear and coincident gold soil anomaly
Napie Project Location
NAPIE IS LOCATED IN AN UNDEREXPLORED GREENSTONE BELT
Mako Gold's Napié Project is located in the north central part of Côte d’Ivoire (Figure 6). It is 30km southeast of the city of Korhogo and it is easily accessed by a good road system.
Mako Gold's Napié Project is located in the north central part of Côte d’Ivoire (Figure 6). It is 30km southeast of the city of Korhogo and it is easily accessed by a good road system.
Figure 6: Napié Project location - Cote d’Ivoire