Trenching complete at the high-grade Tchaga North gold prospect at Mako Gold’s Napié project
Partnerships for exploration of Korhogo being discussed
Drill program at Tchaga North to be planned, pending assay results
Special Report: Mechanical trenching of high-grade gold at Tchaga North will help formulate a drill plan at Mako Gold’s Napié project in Côte d’Ivoire, while the hunt is on for partners to help explore Korhogo and its manganese prospectivity.
Mako Gold’s (ASX:MKG) focus is on Napié in Côte d’Ivoire, where it has a 868,000oz-maiden resource.
In efforts to bolster its inventory the company is currently doing a bunch of low-cost mapping, sampling and trenching exercises across the project area to generate new targets for drill testing.
Tchaga North has emerged as a standout prospect, with a rock chip sampling program unearthing super high-grade gold up to 79.50g/t.
Trenching is now complete on these newly identified high-grade zones, with samples now in the lab for assaying.
A trenching program has been completed at Tchaga North with quartz stockworks. Pic: supplied
The Napié gold project. Pic supplied: (MKG)
Due diligence on acquiring neighbour Goldridge Resources — a privately owned company associated with the founders of Tietto (ASX:TIE) — is competed, the company says.
Goldridge is currently completing a 4000m diamond drill program to test prospective targets.
MKG says it will wait for assay results from the program before making a final assessment of the project prior to resuming discussions.
Korhogo partnership opportunities
MKG is looking for a strategic partnership on its Korhogo manganese project, also in Côte d’Ivoire, to focus on Napié.
MKG says Korhogo could host manganese mineralisation across an area 8km long, 4km wide and at least 250m deep.
Samples have been sent to the lab for metallurgical testwork to further determine beneficiation for a saleable grade for steel production.
Those positive results are making the project for attractive to JV partners as MKG looks to concentrate efforts on advancing Napié.
The explorer says it’s been encouraged by recent market interest – so much so that site visits are planned in Côte d’Ivoire in the coming weeks.
“We are pleased to have attracted the attention of several interested parties for a potential strategic partnership on the Korhogo project, which validates the significance of our manganese discovery,” MKG MD Peter Ledwidge says.
“Manganese prices have risen significantly following the impact of Cyclone Megan on global manganese production, as well as its increased use in the EV revolution.
“Mako is well leveraged on the resurgence of both gold and manganese prices and is looking forward to providing newsflow throughout the year on the advancement of the Napié and Korhogo projects.”
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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