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
Chevron has taken a final investment decision on the Aseng Gas Monetisation project. The project targets 550 billion cubic feet of gas with an...
Asante launches strategic review of Chirano and Bibiani mines Output fell sharply in 2025 despite higher gold prices boosting...
U.S. and Australia signal growing interest in Cameroon’s critical minerals Focus includes cobalt, nickel, manganese, rutile, and scandium...
SOCAR and EGPC agree on long-term partnership across hydrocarbons sector Deal reflects shifting global energy flows and supply security...
Most Read
01

Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...

Ethio Telecom Turns to Green Power to Secure Network Expansion
02

A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...

Mitsubishi, Toyota Buy Options on Africa's Next Startups
03

First investor town hall since 2021 signals renewed engagement with markets Authorities hi...

Ghana restarts investor engagement as macro recovery firms after default
04

Arise IIP plans to invest more than $3 billion in Kenya over five years The company wi...

Arise IIP Targets Kenya With $3 Billion Industrial Investment Drive
05

Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...

Weekly Health Update | ECOWAS Launches Health Reform; Africa Expands Emergency Capacity
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.