📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

Mako Gold fields bonanza samples up to 170 g/t gold at Napié Gold Project's Komboro prospect

Published 13/09/2024, 09:30 am
© Reuters.  Mako Gold fields bonanza samples up to 170 g/t gold at Napié Gold Project's Komboro prospect

Mako Gold Ltd (ASX:MKG) has demonstrated the strong potential of the Komboro prospect for high-grade gold mineralisation with bonanza-grade rock chip samples returned from reconnaissance sampling at the Napié Gold Project in Côte d’Ivoire.

The rock chip samples included exceptional grades up to 170 g/t gold and 41.92 g/t gold, as well as less impressive but still high-grade results of 6.27 g/t, 4.63 g/t and 3.48 g/t gold.

Mako believes this new high-grade gold zone has strong potential to add to the current mineral resource at Napié, with plans to drill-test targets in this area in the near future.

Potential for “significant” resource growth

“The exceptional results of our ongoing mapping and rock chip sampling program at Komboro provides additional gold targets that warrant further work,” Mako Gold managing director Peter Ledwidge said.

“These results further demonstrate the prospectivity of the northern part of the Napié Project and when combined with high-grade results from our previous scout drilling, highlight the potential to significantly grow the resource beyond the current 868,000-ounce gold resource.”

The mapping and rock chip sampling program at Komboro is still ongoing. Once complete, Mako plans to put the drill to work below a previous reverse circulation (RC) drilling program target which produced results up to 1-metre at 30.47 g/t gold.

The historical program generated results including:

  • 9 metres at 3.26g/t gold from 67 metres, including 3 metres at 7.29g/t gold from 67 metres and 1-metre at 30.47g/t gold from 86 metres;
  • 1-metre at 8.45g/t gold from 74 metres; and
  • 5 metres at 1.64g/t gold from 56 metres.

Mako believes there is plenty of untapped potential at Komboro and the northern portion of Napié’s permit, having drilled only 21 RC holes to date over a 6-kilometre by 6-kilometre area, where six out of seven drill targets returned notable gold values.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.