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Perseus Mining welcomes assays from Mako Gold’s Napié Project drilling program

Positive results from drilling completed to date increases Mako’s confidence for outlining a gold resource.

Mako has revealed the assays from the remaining 11 holes of the 27-hole drill program.

Perseus Mining Ltd (ASX:PRU) has welcomed the gold drilling results from Mako Gold Ltd’s (ASX:MKG) 4,141-metre reverse circulation (RC) drill program at the Napié Project in Côte d’Ivoire.

Mako is earning up to a 75% interest in the Napié Project under a farm-in and joint venture agreement with Occidental Gold SARL, a fully owned subsidiary of Perseus.

The assays from eight holes at the Tchaga Prospect returned narrow gold intercepts with the best individual result of 1-metre up to 7.55 g/t gold.

Assay results from select drill holes from current and previous drilling

Mako is planning a follow-up drill program after the wet season, which usually ends in November in Côte d’Ivoire.

Targets for drilling, shown in dashed pink circles for high-priority and dashed blue circles for second priority

Mako’s near-term goal is to move towards a JORC compliant resource.

The company will therefore be focussing its effort on further drilling on the Tchaga Prospect and more specifically, on the 1-kilometre outlined area.

The drill program will focus on infill drilling between sections as well as extending the strike-length and width of mineralisation in the directions marked as open.

Quick facts: Perseus Mining Ltd

Price: 1.265 AUD

Market: ASX
Market Cap: $1.48 billion

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