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Mako Mining Corp.
Summary
| Project: | San Albino | |
|---|---|---|
| Deposit: | San Albino | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 11/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-11-2018: Mako Mining Corp. announces an Exploration/Drilling Update report for its San Albino deposit at the San Albino project. Drilling results incl. 6.1m @ 16.48g/t Au, 27.7g/t Ag. Mako Mining Corp. (TSX-V: MKO) (the “Company” or “Mako Mining”) anno | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Kowalchuk (Independent) | |
| ABSTRACT: | Mako Mining Corp. (TSX-V: MKO) (the “Company” or “Mako Mining”) announces positive drill and trench results from the Las Conchitas area of its wholly-owned San Albino-Murra Property (the “Property”) located in Nueva Segovia, Nicaragua. The goal of the 2018 drilling program at Las Conchitas was to confirm the sub-surface down-dip continuation of mineralization encountered in trenches and to test for additional veins within the area. The Company has completed 49 shallow drill holes totaling 2191.74 metres. This press release contains results from the 30 holes for 1,367.19 metres drilled into the San Pablo, Mina Francisco, Intermediate and Las Dolores Zones (see the attached map). The results from the remaining meterage will be released once final assays are received and which are expected within the next two weeks. Kevin Bullock, Mako Mining’s CEO stated “We are pleased with the 2018 drill program at Los Conchitas in that the results support our view that there is potential to find further high-grade, open pittable, mineralization along the Corona de Oro Gold Belt. These results at Las Conchitas have only tested the very near surface mineralization at quite a shallow depth.” The Las Conchitas area represents an important component of a large gold bearing system lying within a 20 kilometre structural corridor (Corona de Oro Gold Belt), spanning the Company's landholdings. Las Conchitas is situated between two past-producers, San Albino Mine and El Golfo Mine. It lies only 500 meters south of the San Albino Gold Deposit, which the Company is planning to construct, develop, and operate on a 500 tonne per day mining and milling basis (see insert map). The San Albino Gold Deposit, covers only 0.6 square kilometres of the Company's highly prospective 138 square kilometre land package. The structural setting and style of mineralization found at Las Conchitas are similar to the San Albino Gold Deposit. | |
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