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17 July 2017

New mining companies’ breakthrough in Burkina Faso

17 July 2017

Mako Gold focus on Niou and Tangora gold

After his success story with Orbis Gold that led to the discoveries and pre-developments (up to feasibility study) of Natougou and Nabanga high-grade gold deposits, Peter Ledwidge and his new team are getting back in the saddle and setting out to conquer the new Eldorado in Burkina Faso with Mako Gold  Ltd a new Australian junior exploration company.

As a  Reminder the Orbis Gold chapter closed suddenly following a successful takeover launched by Semafo Inc in early 2015, which was approved by Orbis shareholders.

Aware of the enormous under-explored potential of Burkina birimian greenstones, MAKO Gold has already set sail on Niou and Tangora gold respectively in the Center and in the West of the country.

Mako Gold – Project Locations

The Niou license covering an area of ​​250km2 is located within a highly prospective zone (+10 Mozs already discovered in the area). A regional soil geochemistry (1000m X 500m) revealed a 7 km gold anomaly adjacent to a large artisanal mining site. These anomalies have not yet been drill tested to date.

Niou permit geology and 7km long gold-in-soil anomaly

The Tangora permit shows from north to south a major untested lithological contact along which have developed several artisanal mining sites.

Tangora Geology Map

On 01 June 2017, Mako Gold announce field activities including:

  • The completion of an airborne geophysics at the Niou gold project on May 17, 2017 by the South African company NRG. The airborne geophysics covered the entire Niou permit. The results will be used to generate potential exploration targets.
  • The completion of preliminary works (rock sampling and geological mapping) of the extensive artisanal mining sites on the Niou and Tangora gold project.
  • The visit of Niou artisanal mining has shown that the artisanal sites has grown considerably since July 2016, date of the last visit. Visible gold has also been observed in quartz vein mined by artisanal workers on the Niou project.

All these works will be used to identify drilling targets for the next phase of exploration.

Quartz vein with visible gold from artisanal mining

Mako Gold Managing Director was in Burkina Faso in late May to early June in order to acquire new projects. The objective was to evaluate and, subject to due diligence, acquire further high-quality exploration permits to increase Mako Gold’s permit portfolio to add value prior to IPO.

17 July 2017

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17 July 2017
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To read on burkina-emine: INDUSTRIAL GOLD PRODUCTION IN BURKINA 2016 HIGHLIGHTS AND 2017 CHALLENGES .

IAMGOLD best gold producer…
NORDGOLD best operating company in terms of exploration / endogenous growth…
SEMAFO best producer in terms of cash flow…

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