NAPIE PROJECT ADVANCES & GOLDRIDGE EVALUATION

Proactive Exploration and Detailed Due Diligence at Mako Gold

Mako Gold Limited (ASX: MKG) reports significant progress on its Napie Gold Project with detailed geological mapping and rock chip sampling ongoing at Tchaga North. The exploration program targets high-grade gold along the western greenstone/granite contact, yielding promising results including rock chips with up to 45g/t gold. Newly mapped quartz veining trends indicate untapped potential and are slated for imminent drilling.

In parallel, Mako is advancing due diligence on the prospective Goldridge acquisition, set to consolidate and create a district-scale gold play near Napie.

Mako’s Managing Director, Peter Ledwidge, states:

“We are pleased to be starting off 2024 with a focus on our flagship Napie Gold Project with low-cost exploration so that we can be ready to capitalise on an impending resurgence in the interest in gold exploration. Our field crews have been hard at work throughout December and into January and are continuing to map and rock chip sample our new high grade gold targets focussing on the western greenstone granite contact at Tchaga North and on the new structural trends. We have also been progressing our due diligence on the proposed accretive transaction with Goldridge and expect to be able to recommence negotiations with Goldridge shortly.”

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