Mako Gold Ltd (ASX:MKG) is trading higher on uncovering up to 79.5 g/t gold in rock chip samples at Tchaga North prospect within the company’s flagship Napié Project in Côte d’Ivoire.
The first results from the ongoing mapping and rock chip sampling program at Tchaga North are significant because they are from a newly identified east-west structural trend which has yet to be tested by drilling.
Work is ongoing to complete the program to build a pipeline of high-grade drill targets.
Shares have been as much as 23.1% higher in the first hour of ASX trading today to A$0.016.
High-priority area
Mako’s geologists have been conducting a detailed mapping and rock chip sampling program on Tchaga North in an area about 6 kilometres by 3 kilometres.
Samples from the first batch were collected from spoil piles at artisanal mining sites, which returned very high-grade results such as 60.66 g/t gold, 44.73 g/t, 9.47 g/t, 9.40 g/t, 7.45 g/t and 6.29 g/t.
These areas where artisanal miners have exposed new structures with gold-bearing quartz veins are relatively small as only hand tools were used.
This mining site, measuring more than 200 metres in length and 30-40 metres deep, is a high priority for Mako in the next drill program at Napié.
Rock chip samples from spoil piles returned good values even though they were collected from miners’ rejects.
“Thrilled” with discovery
“We are thrilled with these high-grade rock chip results at Tchaga North,” Mako managing director Peter Ledwidge said.
“The mapping and rock chip sampling program, which identified the yet-to-be drilled east-west structures hosting gold-bearing quartz veins, indicate that we may have discovered a high-grade system at Tchaga North.
“After the completion of the mapping/rock chip sampling program, we will prioritise the areas and plan new holes to test these structures with north-south oriented drill holes.”
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