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Mako Mining Corp.
Summary
| Project: | San Albino | |
|---|---|---|
| Deposit: | Naranjo Zone | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 9/23/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-9-2019: Mako Mining Corp. announces an Exploration/Drilling Update report for its Naranjo Zone deposit at the San Albino project. Amended report - drilling results incl. 1.30m @ 17.80g/t Au, 18.9g/t Ag from 78.60m. Mako Mining Corp. (TSX-V: MKO) (“Mako | |
| 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 report positive results from predevelopment work at its wholly-owned San Albino gold project (“San Albino”) located in Nueva Segovia, Nicaragua. Pre-development work at San Albino consists of exploration pits, trenches and infill grade-control drilling (see attached map). The pre-development work commenced in May 2019, with the objectives of: testing the outer boundaries of the starter pits (West and Central Pits); confirming gold mineralization within historic mine dumps; improving the understanding of structural controls; verifying the geometry, grade and thickness of the mineralized zones; providing detailed grade control information; and affirming the continuity and grade of the “in-pit” resources. The Company utilized the existing model in design of the exploration pit and trenching program, which resulted in the discovery of the surface exposure of the Naranjo Zone within the West Pit and its projected continuation outside of the existing planned pit boundary. These trenches have exposed and confirmed the continuity of high-grade, near surface mineralization in the Naranjo Zone over a strike length of 186 m. The highlight of the trenching program was near surface, high-grade gold mineralization of 545.96 g/t Au identified in SA19-TR-48 (Naranjo Zone), which lies outside the current West Pit limit at San Albino. | |
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