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Mako Mining Corp.
Summary
| Project: | San Albino-Murra | |
|---|---|---|
| Deposit: | El Limon | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 8/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-8-2019: Mako Mining Corp. announces an Exploration/Drilling Update report for its El Limon deposit at the San Albino-Murra project. Drilling results incl. 1.20m @ 19.55g/t Au, 40.6g/t Ag from 90.20m. Mako Mining Corp. (TSX-V: MKO) (“Mako” or the “Compa | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Kowalchuk (Not stated) | |
| ABSTRACT: | Mako Mining Corp. (TSX-V: MKO) (“Mako” or the “Company”) is pleased to announce additional positive drill results from the Las Conchitas area of its wholly-owned San Albino-Murra property located in Nueva Segovia, Nicaragua. The objective of the 2019 drilling campaign is to test high priority exploration targets within the Las Conchitas area, identified by trenching, geochemical soil surveys, extensive geological mapping and sampling of historical workings. The El Limon Zone was identified by a large 570 m by 280 m gold in soils anomaly, oriented in a northeast-southwest direction. The El Limon soil anomaly appears to be a continuation of the Mango gold geochemical anomaly which has been tested and confirmed by drilling (see press release dated May 6, 2019). The Company has completed 13 shallow drill holes totaling 1,060 m at the El Limon Zone (see the attached map), with a goal to test the strike and dip extension of the Mango Zone, where the Company intersected the highest gold grade drilled to date of 376.49 g/t Au over 1 m in drill hole LC19-70 (see press release dated May 6, 2019). Drill hole LC19-101 intersected two mineralized zones, separated by a 2.5 m interval of low grade gold mineralization as follows: 4.62 g/t Au and 12.0 g/t Ag over 2.1 m and 19.55 g/t Au and 40.6 g/t Ag over 1.2 m (see table below and attached cross section). This hole is located approximately 320 m southwest, and along strike, of drill hole LC11-01, which intersected 69.96 g/t Au and 61.7 g/t Ag over 3.0 m (see Golden Reign Resources Ltd. press release dated February 22, 2012). | |
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