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Mako Mining Corp.
Summary
| Project: | San Albino | |
|---|---|---|
| Deposit: | San Albino | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 10/17/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-10-2019: Mako Mining Corp. announces an Exploration/Drilling Update report for its San Albino deposit at the San Albino project. Drilling results incl. 2.3m @ 59.48g/t Au, 41.9g/t Ag. Mako Mining Corp. (TSX-V: MKO) (“Mako” or the “Company”) is pleased | |
| 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 further positive results from the infill drilling program at its wholly-owned San Albino gold project (“San Albino”) located in Nueva Segovia, Nicaragua. To date, 6,138 m of infill grade-control drilling has been completed in 146 diamond drill holes, with assays reported for 19 of these holes in this press release. A breakdown of the results is as follows: 9 holes intersected the San Albino Zone as projected; 3 holes encountered historic workings where the San Albino Zone was projected; 1 hole intersected historic dump material in the shallow projections of the San Albino Zone; 2 holes intersected historic workings with a portion of the San Albino vein preserved; and 4 holes did not intersect significant results where the San Albino Zone was projected (these holes were testing an area outside of the currently modeled San Albino Zone and did not have a detrimental impact on the model). The Company views these results positively, as the geological model, which was reinterpreted earlier this year, is continuing to yield highly predicable results. One of the objectives of this round of drilling was to confirm a high-grade area where the Company plans to initiate mining in early 2020. The highlight from drilling in this area was SA19-196, which intersected 59.48 g/t Au and 41.9 g/t Ag over 2.3 m (2.1 m estimated true width) five meters from surface. SA19-196 was drilled to confirm grade in nearby reverse circulation hole SA16-RC-61, which intersected 38.38 g/t Au and 43.6 g/t Ag over 3.0 m (see press release dated October 6, 2016). | |
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