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Mako Mining Corp.
Summary
| Project: | San Albino | |
|---|---|---|
| Deposit: | San Albino | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 11/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-11-2019: Mako Mining Corp. announces an Exploration/Drilling Update report for its San Albino deposit at the San Albino project. Drilling results incl. 2.2m @ 47.09g/t Au, 49.9g/t Ag from 13.00m. Mako Mining Corp. (TSX-V: MKO) (“Mako” or the “Company”) | |
| 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 2019 infill drilling program at its wholly-owned San Albino gold project (“San Albino”) located in Nueva Segovia, Nicaragua. To date, 11,032 m of infill grade-control drilling has been completed in 242 diamond drill holes, with assays reported for 40 of these holes in this press release. 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 SA19-287, which intersected 47.09 g/t Au and 49.9 g/t Ag over 2.2 m (2.1 m estimated true width) 13 m from surface. Other noteworthy holes in this area were SA19-256, which intersected 42.44 g/t Au and 80.5 g/t Ag over 1.7 m (1.6 m estimated true width) 14 m from surface and SA 19-283, which intersected 25.23 g/t Au and 53.9 g/t Ag over 3.0 m (2.8 m estimated true width) 3.6 m from surface. Additionally, one drill rig continues to be solely focused on confirming the strike and dip extension of the near surface and high-grade Porcelana-style mineralization encountered in holes SA19-155 and SA19-207, which intersected 60.72 g/t Au and 66.4 g/t Ag over 6.5 m (3.1 m estimated true width) and 50.78 g/t Au and 13.0 g/t Ag over 5.3 m (5.1 m estimated true width), respectively (see press releases dated September 4, 2019 and September 26, 2019). Highlights from drilling of the Porcelana-style mineralization are holes SA19-223 and SA19-225. | |
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