Mining

Cote d’Ivoire: Mako Gold Announces New Drilling Program to Expand Napie Project’s Resources

Cote d’Ivoire: Mako Gold Announces New Drilling Program to Expand Napie Project’s Resources
Friday, 12 July 2024 08:30

According to a 2022 estimate, Mako Gold's Napié project hosts 868,000 ounces of gold in inferred resources. The Australian company has since been active in increasing the mineral resources at this project.

Mako Gold announced on July 10 the beginning of a 1,500-meter drilling program at the Tchaga North prospect at its Napié gold project in Cote d’Ivoire. The Australian firm targets three high-grade gold zones identified during recent exploration programs.

"Drill testing of the three high-grade prospects is just the beginning of what could reveal other significant gold mineralized zones. These zones could contribute to increasing the current gold resource of 868,000 ounces on the Napié permit," explained Peter Ledwidge, CEO of Mako Gold.

Geodrill will lead the drilling program. In 2023, the drilling company made a deal to provide Mako Gold with its services at half the cost in exchange for shares. 

Mako Gold holds a 90% interest in the Napié project.

 

On the same topic
The government says cobalt exports have resumed after a ban imposed in February Initial shipments are expected to be limited as testing under the...
Tougher regulation of artisanal cobalt and copper in the DRC is creating a targeted supply shock, tightening markets and reshaping short-term pricing...
Aton Resources plans to start gold and silver production at Hamama West in 2027 The project is held 50-50 with Egypt’s Mineral Resources...
Kefi says it has secured $340 million to develop the Tulu Kapi gold mine The project targets first production in 2027 after several schedule...
Most Read
01

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
02

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
03

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
04

Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...

Airtel Africa Partners With SpaceX to Roll Out Starlink Direct-to-Cell
05

Central bank launches project for real-time transfers across banks and mobile wallets System aims...

Guinea readies instant payment system to speed transactions and cut cash use
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.