Announcement Date: 2022-10-24
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Mako Mining Corp.
Project name: San Albino-Murra
Location: Nicaragua
Commodities: Gold,Silver
Highlight: Drilling results incl. 2.1m at 42.59g/t Au, 31.3g/t Ag from 165.9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BC, Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) (“Mako” or the “Company”) is pleased to report additional results from its recent definition and expansion drilling program at the Las Conchitas area on its wholly-owned San Albino-Murra property. The Las Conchitas area is located immediately south of the San Albino Mine which is currently in commercial production. Seven diamond drill rigs are currently drilling on the property with five of the rigs dedicated to the Las Conchitas area, which is located between the San Albino Mine and the historical El Golfo Mine on the Company’s El Jicaro Concession. Las Conchitas comprises an area of approximately 3.75 km2 and is subdivided into three primary areas: Las Conchitas North (“LC-N”), Las Conchitas Central (“LC-C”) and Las Conchitas South (“LC-S”). Each of these areas host multiple subparallel, northeast-southwest striking, gently dipping gold bearing veins. In 2022, the Company has completed 208 drill holes to-date totaling 30,558 meters (m). The objective of the drilling at the Las Conchitas area is to test the strike and dip extension of the gold mineralization amenable to both open pit and underground mining methods, and to provide sufficient information for a mineral resource estimate currently being prepared by the Company.
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