Mako intersects 13m at 20.82g/t gold from shallow drilling at Tchaga

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Highlights

  • Assay results received for a further 5 RC holes of the 10,000m ongoing drill program
  • Very high-grade assays include:
    – NARC145
    – 13m at 20.82g/t Au from 32m; including 9m at 29.45g/t Au
    – Includes multiple high-grade single metre assays up to 102.5g/t Au
  • Geological interpretation of cross-cutting structures indicates the presence of high-grade shoots
    approximately every 300m along strike
    – Additional drilling targets have been generated based on this updated geological
    interpretation

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has received the next
batch of assay results from the ongoing 10,000 metre reverse circulation (RC) and diamond drilling (DD)
program on the Tchaga Prospect at the Company’s 224km2 Napié Project in Côte d’Ivoire. The Tchaga Prospect
is associated with a +40ppb gold soil anomaly coincident with a +30km-long shear zone, thought to be a major
control for gold mineralisation (Figure 1).
Mako’s Managing Director, Peter Ledwidge commented:
“We are very encouraged by our latest drilling results that demonstrate thick and high-grade gold
mineralisation within 50 vertical metres of surface and open in multiple directions. This is consistent with
our strategy to define significant shallow gold mineralisation within our +30km corridor. The reported 13m at
20.82g/t Au is not the result of a single high-grade assay with lesser assays spread out over the reported
interval, but rather a combination of 1 metre assays which include 102.5g/t Au, 60.51g/t Au, 39.31g/t Au and
24.23g/t Au.
Although most of the mineralisation intersected in drilling to date seems to be associated with the north-south
trending shears, it appears that the high-grade encountered in NARC145 is associated with the intersection of
one of the many southwest-northeast trending cross structures which may represent dilational zones. It is
common to intersect high-grade shoots in these secondary dilational structures. This has provided us with
greater geological insight within our project area and allowed us to define a range of new drill targets. We
will be targeting more of these dilational zones in future drilling while also testing along the north-south
structures.”

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