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A new gold zone at Mako’s Napié Project points to further drilling to expand Tchaga resource
Special Report: A campaign to improve the geological model and test for mineralisation outside the current resource has resulted in … Read More
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A campaign to improve the geological model and test for mineralisation outside the current resource has resulted in a deep diamond drill hole at Tchaga prospect, a +23km soil anomaly located within the Napié Project in Côte d’Ivoire.
According to Mako Gold (ASX:MKG), the campaign achieved all objectives such as the successfully intersecting lithological units and structures, and testing for shallow mineralisation as well as for mineralisation at depth.
Most importantly, a new gold zone was discovered, returning 23m at 1.01 g/t gold from 53m in drill hole NADD020 while other gold zones were intersected at depth with results including 7.7m at 1.24 g/t gold from 425m and 28.9m at 1.17 g/t gold from 436.1m.
Structural studies to begin in March
“We needed a deep hole to cross stratigraphy and structure ahead of structural studies which are scheduled to begin in March,” Mako managing director Peter Ledwidge says.
“These studies should enhance our understanding of the controls on gold mineralisation to expand the mineral resource.
“We were also very pleased to discover a new, shallow, wide zone of mineralisation outside the mineral resource, which is worthy of follow-up shallow drilling to expand the Tchaga resource in the future.”
Once the results of the structural interpretation have been received, Ledwidge says the company will have an increased understanding of the processes which control gold deposition.
“We will also be able to target higher grade zones on the Napié project,” he says.
Phase 2 drilling to kick off later this week
Structural consultants will begin their work in March and will use the NADD020 along with other DD holes drilled at Napié to integrate a structural model with the current mineral resource estimate.
Once this is completed, the information will help to target further mineralisation through identification of a plunge direction of mineralisation or other structural controls to vector into the high-grade “sweet spots”.
Meanwhile, phase 2 of the auger drilling program is scheduled to kick off later this week with 5 auger rigs on the go.
Once results are received RC drilling will begin on targets with the highest potential for resource expansion
This article was developed in collaboration with Mako Gold, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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