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Mako Mining Corp.
Summary
| Project: | San Albino | |
|---|---|---|
| Deposit: | San Albino | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 9/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-9-2019: Mako Mining Corp. announces an Exploration/Drilling Update report for its San Albino deposit at the San Albino project. Drilling results incl. 6.50m @ 60.72g/t Au, 66.4g/t Ag from 13.0m. Mako Mining Corp. (TSX-V: MKO) (“Mako” or the “Company”) i | |
| 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 positive results from the infill drilling program at its wholly-owned San Albino gold project (“San Albino”) located in Nueva Segovia, Nicaragua. As part of the ongoing pre-development work at San Albino, approximately 2,200 m of infill grade-control drilling has been completed in 69 diamond drill holes focused on the San Albino Zone within the West Pit (see attached map). Assay results have been received for the first 16 holes, nine of which intersected the San Albino Zone as projected, four holes encountered historic workings where the San Albino Zone was projected and three holes intersected historic dump material in the shallow projections of the San Albino Zone. The highlight of the infill drilling program thus far is hole SA19-155 which intersected 21.8 g/t Au and 63.0 g/t Ag over 3.0 m (1.5 m estimated true width) and 60.72 g/t Au and 66.4 g/t Ag over 6.5 m (3.1 m estimated true width). The mineralization starts approximately four meters from surface and the two intercepts are separated by only 1.5 m grading 0.86 g/t Au and 6.1 g/t Ag (see attached cross section). The mineralization in SA19-155 is hosted in what the Company is calling Porcelana-style mineralization, which is described as a very large, coherent, unfractured quartz vein that typically contains visible gold (“Porcelana”). This style of mineralization is part of the San Albino Zone and was first drilled in 2016 as part of a metallurgical/infill drilling program (see press release dated June 16, 2016). Importantly, the 2016 and 2019 drill holes containing Porcelana are not included in the Company’s Preliminary Economic Assessment for the San Albino Gold Deposit dated April 29, 2015 (the “PEA”) and available on the Company’s website and under the profile of the Company on SEDAR at www.sedar.com. | |
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