News Articles for Mako Gold

Aurum Resources has again hit paydirt in its expanded drilling campaign at the company's Boundiali project in Côte d'Ivoire with a 1m hit coming in at 35.86g/t, more than an ounce to the tonne gold. The company continues to furiously expand its already identified 2.5km of gold mineralisation which is still open along strike and at depth. Another 17m intersection in the latest campaign landed 1.6 g/t gold from 230m and included a 4m section grading 2.02 g/t gold.

Aurum Resources' bid for Mako Gold could create a new West African golden-force with $20 million in cash, its own fleet of drill-rigs and a string of well mineralised projects within cooee of each other. And this isn't the first rodeo for Aurum managing director Caigen Wang who has done it all before in Côte D'Ivoire having built the 3.8m ounce Abujar gold mine on the same structural trend.

Shares in Mako Gold rose by 68 per cent on Wednesday afternoon to 1.6 cents, following news the Queensland junior had filed documents for a proposed merger with Aurum Resources.

Aurum Resources is on the cusp of becoming a bigger shark in the West African gold pond after circling fellow ASX-listed Mako Gold with an all-scrip bid at a whopping 112 per cent above the market price. Mako's share price surged nearly 80 per cent on the back of the news that would create a major African gold explorer with cash reserves of AU$20 million.

In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Mako Gold's 7m at 5.39g/t gold from 87m at its Napié project in Côte d'Ivoire. We also take a close look at other drill hits from last week as reported by Sunshine Metals in Queensland and West African Resources in Burkina Faso.

ASX-listed West Africa gold explorer, Mako Gold has hit the ground running at its recently granted wholly owned Korhogo gold project in Côte d'Ivoire, kicking off a soil geochemical survey across the project's two permit areas called Ouangolodougou and Korhogo Nord. Korhogo sits in the same highly prospective Birimian greenstone belt that hosts Barrick Gold's 4.9-million-ounce Tongon gold mine and Montage Gold's 3.1-million-ounce Kone gold deposit.

ASX-listed West Africa gold explorer, Mako Gold has expanded its footprint in the fertile auriferous terrane in Côte d'lvoire receiving approval from the country's Ministry of Mines for the Ouangolodougou permit area. The newly granted permit together with the company's existing Korhogo Nord permit will now constitute its Korhogo gold project.

ASX-listed West Africa gold explorer, Mako Gold, has added a second drill rig to its workforce in a significant expansion of its gold exploration program around the Gogbala and Tchaga prospects at its flagship Napié project in Côte d'Ivoire. The second RC/DD drill rig will target geophysical anomalies mapped up along a 5km portion of a 23km long soil/auger anomaly running through its Napié tenement.

Mako Gold has started the new year with a bevy of more bonanza gold drill hits at the Tchaga prospect as part of its flagship Napie gold project in Côte d'Ivoire. The latest set of assays from the company's continuing 10,000m RC and diamond drilling program were punctuated by a cracking 41m going 4.51 g/t gold from 17m and 1m at 107 g/t from 71m.

ASX-listed West Africa gold explorer, Mako Gold, continues to be rewarded with encouraging gold hits following a recently implemented revised drilling orientation at the Tchaga gold prospect at its flagship Napie project in Côte d'Ivoire. The latest stand-out assay from Tchaga was 26m grading 4.34 g/t gold from surface including 2m at 16.19 g/t from surface and 3m at 13.58 g/t from 21m.

ASX-listed West Africa gold explorer, Mako Gold, has been buoyed by the latest bonanza gold drill hits at its majority-owned Napie gold project in Côte d'Ivoire and says the exciting Tchaga prospect has the makings of a significant gold discovery. The stand-out assay result was 2m at 92.95 g/t gold from 36m including 1m at 143.6 g/t or 4.6 ounces of gold to the tonne.

Mako Gold has taken significant strides towards delivering a maiden mineral resource estimate for its joint-ventured flagship Napie gold project in Cote d'Ivoire in the first half of next year following yet another clutch of encouraging high-grade and broad gold drill hits at the Tchaga prospect. One of the more notable assays was 10.26m grading 4.76 g/t gold from 76.5m including 1m at 32.49 g/t or more than one ounce to the tonne.

ASX-listed West Africa gold hopeful, Mako Gold, has put the second tranche of an oversubscribed $10 million capital raise to bed as it cranks up an exploration blitz at the Tchaga prospect at its exciting joint-ventured Napie gold project in Cote d'Ivoire.

ASX-listed Cote d'Ivoire gold hopeful, Mako Gold, has refined its board of directors with specific West African experience as the company looks to accelerate exploration work at its flagship Napie gold project towards a maiden resource estimate in the March 2021 quarter.

Mako Gold has nailed down additional gold tenure in Cote d'Ivoire with the Ministry of Mines in the west African country granting the company's new Korhogo Nord permit. The new project area covers the same greenstone belt that hosts the world-class Tongon gold mine which is located 30km to the north of Korhogo Nord. Exploration continues over the company's Napie project, south of Korhogo.

Mako Gold has extended the footprint of its Tchaga gold discovery in northern Cote d'Ivoire in Africa, blowing out the strike length of the high-grade discovery to more than 1.6km. The company's preliminary results from its latest round of shallow RC drilling include 3m at 4.59 g/t gold and 10 metres at 1.1 g/t gold.