Business
Makara Mining Provides Corporate Update
VANCOUVER, BC / ACCESSWIRE / November 11, 2020 / Makara Mining Corp. (CSE:MAKA) (FSE:MK0) (OTC PINK:MAKAF) ("Makara" or the "Company") is pleased to provide the
About this update from Hardcore Discoveries Ltd.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / November 11, 2020 / Makara Mining Corp. (CSE:MAKA) (FSE:MK0) (OTC PINK:MAKAF) (\"Makara\" or the \"Company\") is pleased to provide the following corporate update on its three properties. Rude Creek, Yukon Geological logging of the Rude Creek reverse circulation (RC) drill holes has been completed. The alteration of the granodiorite host rock first seen in the limited 2019 RC drilling program continues to be observed in the 2020 drilling. Makara is waiting for the assay information from the laboratory in Vancouver and initial results from the large number of samples submitted are expected near the end of November 2020. Although the assay results will be correlated directly with the drill logs, the Company will be seeking additional detail on the geology and widespread alteration and will engage Corescan Pty. Ltd. (\"Corescan\") for further detailed mineralogical mapping of the RC chips. Corescan's expertise is in (i) data acquisition, core photography, 3D laser profiling and hyperspectral imaging, (ii) data processing, mineral identification, mineral mapping and spectral parameters through hyperspectral measurements covering a spectral range of 450 nm to 2500 nm at a spectral resolution of 4 nm. Integration of the Company's contiguous Idaho Property data and the Company's newly staked Win claims with Rude Creek is underway as we plan the 2021 Yukon projects program. Davis Mine and Paradise Valley Project, Nevada Field work at Makara's gold project near Gabbs, Nevada is underway. Preliminary geological mapping has begun, and senior consultants have been chosen by Almadex Minerals Ltd., our partner. The plan is to have the northern Davis Mine area ready for drilling by March 2021. This work will involve compiling all past mapping with new mapping and integration of the previous drilling results. The major ground mapping effort of 2021 will be at the contiguous Paradise Valley project. Significant hydrothermal alteration of the geology has been noted at several locations at Paradise Peak, so the Company has chosen to use the new Worldview 2 Satellite Alteration Mapping system to map the project. The Worldview 2 system operates at an altitude of 770 kilometers and provides 46 cm panchromatic resolution and 1.85-meter multispectral resolution. Results from the Worldview 2 system are expected later this m...