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Mako Mining Corp V.MKO

Alternate Symbol(s):  MAKOF

Mako Mining Corp. is a gold mining, development, and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua. It also owns the Eagle Mountain Gold Project in Guyana, South America. The Company’s primary asset is San Albino mine, an open pit mine located in Nicaragua. Its San Albino gold project is an open pit development project located in Nueva Segovia, Nicaragua, approximately 173 kilometers north of Managua and accessible through a paved highway. Its Las Conchitas area is located approximately 2.5 kilometers south of its high-grade San Albino Gold Deposit and is situated near the southern end of the Corona de Oro Gold Belt. The Eagle Mountain Project comprises two gold deposits, Eagle Mountain and Salbora, in addition to several other exploration targets. Its subsidiaries include Gold Belt, S.A., Nicoz Resources, S.A., and Mako US Corp.


TSXV:MKO - Post by User

Bullboard Posts
Post by barrywhiton Mar 25, 2020 8:53am
126 Views
Post# 30844761

Good Drilling Results again.

Good Drilling Results again.The goal of the 2020 drill program at Las Conchitas is to focus on the most promising zones of near surface, shallow dipping, high-grade gold mineralization in order to delineate a maiden resource estimate. Since 2019, the Company has completed 148 shallow drill holes totaling 11,450.1 meters (m) within the Las Conchitas area. This press release includes six holes with assay results from the Bayacun Zone (see attached map). All six holes intersected gold-bearing structures at the predicted locations, confirming both lateral and vertical continuity. Importantly, five of the six holes intersected gold grades in excess of 23 g/t Au as highlighted below (ranked by grade x thickness). LC20-181: 84.64 g/t Au and 80.2 g/t Ag over 1.60 m, 80 m from surface LC20-183: 25.78 g/t Au and 18.3 g/t Ag over 3.85 m, 45 m from surface LC20-182: 24.85 g/t Au and 18.0 g/t Ag over 2.10 m, 107.5 m from surface LC20-164: 23.57 g/t Au and 20.5 g/t Ag over 1.20 m, 35 m from surface LC20-163: 37.90 g/t Au and 14.8 g/t Ag over 0.50 m, 55.5 m from surface The highest grade interval reported in this press release comes from hole LC20-181, which was designed to test the strike extension of the Bayacun Zone encountered in previous drilling. Specifically, LC20-181 intersected the Bayacun Zone 35 m northeast of hole LC20-162, which returned 30.61 g/t Au and 37.1 g/t Ag over 3.4 m (see attached cross section and press release dated March 11, 2020).
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