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Mako Mining Corp.
Summary
| Project: | San Albino | |
|---|---|---|
| Deposit: | Las Conchitas | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 1/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-1-2020: Mako Mining Corp. announces an Exploration/Drilling Update report for its Las Conchitas deposit at the San Albino project. Drilling results incl. 1.4m @ 56.80g/t Au, 70.3g/t Ag from 62.10m. Mako Mining Corp. (TSX-V: MKO) (“Mako” or the “Company” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John M. Kowalchuk (Not stated) | |
| ABSTRACT: | Mako Mining Corp. (TSX-V: MKO) (“Mako” or the “Company”) is pleased to report positive drill results from the Las Conchitas area of its wholly-owned San Albino-Murra property located in Nueva Segovia, Nicaragua. The Las Conchitas area is located approximately 2.5 kilometers south of the fully permitted San Albino gold project currently under construction. The goal of the 2019 drill program at Las Conchitas was to confirm near surface, shallow dipping, high-grade gold mineralization previously encountered in trenches and drill holes across eight separate gold bearing zones and to prioritize targets to begin delineating a maiden resource at Las Conchitas. The Company completed 81 shallow drill holes totaling 5,994.60 meters (“m”) within the Las Conchitas area in 2019 (see the attached map). Akiba Leisman, Chief Executive Officer of Mako states “our 2019 Las Conchitas drilling was designed to prioritize drilling targets to the south of our San Albino gold project currently under construction. The surface area with known gold mineralization at Las Conchitas is already larger than that of San Albino, and we have had numerous near surface intercepts of over one ounce gold at the Mango Zone, which has become our most advanced target. In 2020, drilling at Las Conchitas will be focused on delineating a maiden resource at the Mango Zone.” This press release contains results from 21 holes totaling 1,794.90 m drilled into five zones. Results from the 2019 drill program at Las Conchitas were previously reported in press releases dated May 6, 2019, May 21, 2019, August 19, 2019 and September 10, 2019. There are 19 additional drill holes still awaiting assay results from the laboratory as the Company has prioritized receiving assays from the recently completed 15,312.52-meter San Albino infill drill program to the north. | |
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