Mako Gold Ltd Intensifies Geological Prospecting Efforts: A Closer Look
Geological prospecting is an integral facet of the mining industry, and Mako Gold Ltd (ASX: MKG) is strengthening its efforts in this critical domain. The company recently negotiated a beneficial agreement with Geodrill, a strategic partnership that will maximize drilling meters and conserve cash during its post-wet season campaign.
A Strategic Partnership
The partnership with Geodrill is significant as the two entities have a history of successful collaboration. They have previously worked together on projects in Burkina Faso, where the Orbis Gold Project eventually became a major producing mine. This successful track record raises expectations for the current venture, as both entities bring their expertise and resources to the table.
Expansion and Exploration
In addition to this partnership, Mako Gold has also been active on the corporate front, lodging two applications for exploration permits in Côte d’Ivoire. These permit applications cover a total area of 296 kilometers and have a geologically significant greenstone granite contact, which could potentially house a gold-bearing deposit. The northern and southern permit applications are located near Barrick Gold’s 4.9 million-ounce Tongon mine processing plant, further increasing their potential value.
Impressive Track Record
Mako Gold, despite its relatively short lifespan as a listed entity, has shown remarkable progress in its asset management. The company has previously announced a gold discovery after its maiden drilling program at the Niou permit in Burkina Faso. Subsequent drilling campaigns at the company’s JV Napie Project in Côte d’Ivoire have also yielded encouraging results, including wide and high-grade intersections.
Looking Forward
As we look to 2020 and beyond, it is clear that Mako Gold is poised to build on its early-stage exploration success. Its track record of robust intersections and strong grades suggests that we can expect more market-moving news in the future. This, combined with the company’s strategic partnerships and focused exploration efforts, positions Mako Gold as a company to watch in the mining and geological prospecting industry.