- Mako Gold has intercepted high-grade gold at its Napié project in Côte d’Ivoire
- One of the best results on-site include 22.46g/t Au
- Mako’s Managing Director and General Manager Exploration are both currently in Côte d’Ivoire for on-site exploration work
- Mako Gold was trading at 1.4 cents at 2pm AEDT
Mako Gold (ASX:MKG) has intercepted high-grade gold rockchips at its Napié project in Côte d’Ivoire, which geotechs interpret as evidence of an expanded gold system to target.
Shares were up 7.69% to 1.4cps at 2pm AEDT on Tuesday.
The company has been conducting a detailed mapping and rock chip sampling program at its Tchaga North acreage. One significant target of interest dubbed ‘the Double Zone’ contains two sets of parallel artisanal mining sites spaced 50 meters apart.
A typical occurrence for miners in Africa, the tapped-out targets of small-scale miners often give larger companies an idea of where to go.
Based on rockchip finds and other data, the ‘Double Zone’ is now interpreted to stretch over 250 meters long.
Rock chip samples have returned very high-grade assays, including 22.46g/t Au – though, by their very nature, rock chips tend to be higher-grade.
Quartz veining has also given geotechs a reason to stay exited.
Mako’s Managing Director and General Manager Exploration are both currently onsite in Côte d’Ivoire (The Ivory Coast in english) for on-site exploration work.
The Managing Director will also meet with government officials to follow up on the company’s Napié permit; due diligence activities for a potential transaction related to the Goldridge project will also be on the agenda.
Mako Gold has been trading at 1.5 cents.