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Mako Mining Drilling Update for Bayacun Zone in San Albino-Murra Property in Nicaragua

Mining News - Published on Tue, 23 Jun 2020

Image Source: Mako Mining
Mako Mining Corp has reported positive drill results from the Bayacun Zone within the Las Conchitas area of its wholly-owned San Albino-Murra property located in Nueva Segovia in Nicaragua. The Las Conchitas area is located approximately 2.5 kilometers south of the fully permitted San Albino gold project currently under construction. 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 to delineate a maiden resource estimate. Since 2019, the Company has completed 65 shallow diamond drill holes totaling 4,351.70 meters within the Bayacun Zone, which is among the most promising zones within the Las Conchitas area. A total of 15,052.75 m within 197 holes have been drilled at Las Conchitas since the start of the 2019-20 drilling campaign.

Holes LC20-246 and LC20-247 were designed to further test the strike and dip extension and to improve the understanding of structural controls of the Bayacun Zone.

Drill hole LC20-246 intersected a mineralized interval of 40.52 g/t Au and 67.3 g/t Ag over 4.30 m (2.10 m estimated true width), including a sample with the highest gold values encountered at the Bayacun Zone to date of 137.10 g/t Au over 1.0 m approximately 20 m from the surface. As a reminder, the sample with the highest gold value encountered within the Las Conchitas area was LC19-70, which intersected 376.49 g/t Au over 1 m at the Mango Zone

LC20-246 was designed to confirm continuity and grades of the mineralization in drill hole LC20-220, which intersected 93.3 g/t Au and 61.4 g/t Ag over 0.9 m (see press release dated June 15, 2020) and extended the zone an additional 22 m by strike and 4.5 m updip (see attached long section). LC20-246 has also extended the mineralization encountered in hole LC20-229, which intersected 21.70 g/t Au and 34.0 g/t Ag over 1.10 m, by 33 m updip

Additionally, LC20-246 intersected a separate mineralized interval of 6.54 g/t Au and 12.9 g/t Ag over 2.80 m (1.50 m estimated true width) approximately 13 m from the surface.

Drill hole LC20-247 intersected 16.90 g/t Au and 22.9 g/t Ag over 4.50 m (4.30 m estimated true width) approximately 26.5 m from surface. The intercept in this hole is the most northeasterly reported drill hole, extending the strike length of the Bayacun Zone for an additional 20.7 m from hole LC20-229

Moreover, LC20-247 is located 110 m downdip from the surface exposure of the Bayacun Zone encountered in exploration pit LC20-EP142 reported earlier this month (see attached long section and press release dated June 15, 2020). The results of this hole, combined with the surface exposures in the exploration pit, indicate an additional 110 m of dip continuity over an additional 20.7 m of strike.

The Bayacun Zone is still open along strike and downdip and there are 25 additional drill holes awaiting assay results.

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Posted By : Yogender Pancholi on Tue, 23 Jun 2020
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