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Mako Mining Corp.
Summary
| Project: | San Albino | |
|---|---|---|
| Deposit: | San Albino | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 5/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-5-2019: Mako Mining Corp. announces an Exploration/Drilling Update report for its San Albino deposit at the San Albino project. Drilling results incl. 1.7m @ 36.55g/t Au, 47.8g/t Ag from 42.90m. Mako Mining Corp. (TSX-V: MKO) (“Mako” or the “Company”) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Kowalchuk (Independent) | |
| ABSTRACT: | Mako Mining Corp. (TSX-V: MKO) (“Mako” or the “Company”) is pleased to announce positive drill results from the Las Conchitas area of its wholly-owned San Albino-Murra property located in Nueva Segovia, Nicaragua. The goal of the 2019 drill program at Las Conchitas was to confirm the near surface, shallow dipping, high-grade gold mineralization previously encountered in trenches and drill holes. The Company has now completed 14 shallow drill holes totaling 827.30 meters (“m”) within the Mango Zone in 2019 (see the attached map). Additionally, five drill holes were completed in 2011 totaling 1,397.45 meters (see Golden Reign Resources Ltd. press release dated February 22, 2012). The Mango Zone is part of the Las Conchitas area and is located approximately 2.5 kilometers south of the fully permitted San Albino gold project. This press release contains results from an additional nine holes totaling 557.75 m drilled into the Mango Zone. Results from the first five holes were previously reported in a press release dated May 6, 2019. The highest grade interval reported in this press release was in drill hole LC19-72, which encountered 36.55 g/t Au and 47.8 g/t Ag over 1.7 m. This interval was located approximately 80 m south-southeast of LC19-70, which intersected the highest gold grade drilled to date of 376.49 g/t Au over 1 m (see press release dated May 6, 2019). The results reported in this and previous press releases confirm near surface, high-grade gold mineralization very similar in styles of mineralization, widths and general morphology to that found at the San Albino gold project, which the Company is presently advancing toward production (see press release dated May 6, 2019, including legal disclaimers regarding a production decision). The Mango Zone remains open along strike and down dip. | |
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