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Mako Mining: Infill Drilling at San Albino Intersects 59.48 g/t Gold Over 2.1 Meters (estimated True Width) Five Meters from Surface

Mining News - Published on Tue, 22 Oct 2019

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Mako Mining Corp has reported 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, 6,138 m of infill grade-control drilling has been completed in 146 diamond drill holes, with assays reported for 19 of these holes in this press release. A breakdown of the results is as follows: 9 holes intersected the San Albino Zone as projected; 3 holes encountered historic workings where the San Albino Zone was projected; 1 hole intersected historic dump material in the shallow projections of the San Albino Zone; 2 holes intersected historic workings with a portion of the San Albino vein preserved; and 4 holes did not intersect significant results where the San Albino Zone was projected (these holes were testing an area outside of the currently modeled San Albino Zone and did not have a detrimental impact on the model). The Company views these results positively, as the geological model, which was reinterpreted earlier this year, is continuing to yield highly predicable results.

One of the objectives of this round of drilling was to confirm a high-grade area where the Company plans to initiate mining in early 2020. The highlight from drilling in this area was SA19-196, which intersected 59.48 g/t Au and 41.9 g/t Ag over 2.3 m (2.1 m estimated true width) five meters from surface. SA19-196 was drilled to confirm grade in nearby reverse circulation hole SA16-RC-61, which intersected 38.38 g/t Au and 43.6 g/t Ag over 3.0 m

Additionally, one drill rig continues to be solely focused on finding the strike and dip extension of the near surface and high-grade Porcelana-style mineralization encountered in holes SA19-155 and SA19-207, which intersected 60.72 g/t Au and 66.4 g/t Ag over 6.5 m (3.1 m estimated true width) and 50.78 g/t Au and 13.0 g/t Ag over 5.3 m (5.1 m estimated true width), respectively

Highlights from drilling of the Porcelana-style mineralization are holes SA19-214 and SA19-216. SA19-214 intersected 35.60 g/t Au and 33.2 g/t Ag over 2.5 m (2.1 m estimated true width) and was approximately 55 m southwest and 105 m down dip from SA19-155 (see press release dated September 4, 2019). SA19-216 intersected 23.86 g/t Au and 17.0 g/t Ag over 3.0 m (2.5 m estimated true width) and was approximately 65 m southwest and 70 m down dip of SA19-155. Importantly, this area of near surface high-grade is still open down dip and along strike.

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Posted By : Rabi Wangkhem on Tue, 22 Oct 2019
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