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Mako Mining Corp.
Summary
| Project: | San Albino | |
|---|---|---|
| Deposit: | San Albino | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 9/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-9-2019: Mako Mining Corp. announces an Exploration/Drilling Update report for its San Albino deposit at the San Albino project. Drilling results incl. 5.3m @ 50.78g/t Au, 13.0g/t Ag. Mako Mining Corp. (TSX-V: MKO) (“Mako” or the “Company”) is pleased t | |
| 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, 5,072 m of infill grade-control drilling has been completed in 115 diamond drill holes, with assays reported for 39 of these holes. A breakdown of the results is as follows: 21 drill holes intersected the San Albino Zone as projected; 8 drill holes encountered historic workings where the San Albino Zone was projected; 8 drill holes intersected historic dump material in the shallow projections of the San Albino Zone; and 2 holes did not intersect significant results where the San Albino Zone was projected. The Company views these results positively, as the geological model, which was reinterpreted earlier this year, is leading to highly predicable results. One of the main objectives of this program is to find the strike and dip extension of the near surface and high-grade Porcelana-style mineralization encountered in hole SA19-155 of 60.72 g/t Au and 66.4 g/t Ag over 3.1 m (estimated true width) (see press release dated September 4, 2019). After reallocating one drill rig for this purpose, Mako is pleased to report initial results where hole SA19-207 intersected 50.78 g/t Au and 13.0 g/t Ag over 5.3 m (5.1 m estimated true width), including 173.3 g/t Au and 26.0 g/t Ag over 1.1 m (1.0 m estimated true width). This intercept was 18 m below surface and within the open pit mine plan for San Albino. | |
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