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    MKG   AU0000001869

MAKO GOLD LIMITED

(MKG)
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Mako Gold Limited Announces Second Drill Secured to Fast Track Napi? Resource Development & Regional Exploration

11/29/2021 | 05:00pm EST

Mako Gold Limited announced that it has secured a second drill rig to accelerate exploration programs on the Tchaga and Gogbala prospects at the Company's flagship Napi? Project in C?te d'Ivoire. Tchaga and Gogbala are located on a +23km soil geochemical anomaly and coincident 30km-long Napi? Fault. HIGHLIGHTS: Drilling has resumed at the Gogbala prospect on high-priority targets to follow up on recent results which include 20m at 3.41g/t Au, 35m at 1.72g/t Au and 20m at 1.92g/t Au 1. Second drill rig being mobilised for diamond drilling (DD) on Tchaga Prospect. Gogbala drill program to accelerate exploration towards a maiden JORC Mineral Resource Estimate (MRE). Tchaga extensional drilling (not infill drilling) to expand mineralised zones to add potential ounces for the upcoming maiden JORC MRE. Maiden Mineral Resource Estimate planned for first half of 2022. Drilling will also target high-priority regional exploration targets with the aim of identifying new areas for resource drilling post maiden MRE. Assay results from Tchaga extensional drilling remain outstanding due to slight delays being experienced at the lab.


ę S&P Capital IQ 2021
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Financials
Sales 2021 - - -
Net income 2021 -1,49 M -1,08 M -1,08 M
Net cash 2021 4,56 M 3,30 M 3,30 M
P/E ratio 2021 -13,3x
Yield 2021 -
Capitalization 36,7 M 26,5 M 26,6 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float -
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Managers and Directors
Peter Ledwidge Managing Director & Director
Paul Marshall Chief Financial Officer & Secretary
Michele Muscillo Non-Executive Chairman
Steven Zaninovich Non-Executive Director
Ibrahim Bondo Country Manager-Burkina Faso
Sector and Competitors