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Mako Mining Announces a Discovery 17 km from the San Albino Gold Mine, Intersects 41.99 g/t Au and 28.70 g/t Ag over 1.4 m (Estimated True Width), 34 m from Surface and Confirms Orogenic Deposit Type
VANCOUVER, BC / ACCESSWIRE / May 30, 2023 / Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) ("Mako" or...
About this update from Mako Mining Corp.
[{"type":"text","content":"Mako Mining Announces a Discovery 17 km from the San Albino Gold Mine, Intersects 41.99 g/t Au and 28.70 g/t Ag over 1.4 m (Estimated True Width), 34 m from Surface and Confirms Orogenic Deposit TypeVANCOUVER, BC / ACCESSWIRE / May 30, 2023 / Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) (\"Mako\" or the \"Company\") announces positive drill results on its La Segoviana concession (\"La Segoviana\" or Concession), located approximately 17 km to the north of the company's 100% owned San Albino gold mine which is currently in commercial production. In addition, results of fluid inclusion studies from the Colorado School of Mines (\"CSM\") confirm the orogenic nature of gold mineralization across the 28 km of strike contained within the Company's 188 square kilometer (km2) land package in northern Nicaragua.Highlights of this press releaseSan Luis - New Discovery41.99 g/t Au and 28.7 g/t Ag over 2.10 m (1.4 m ETW)Contained within a larger zone of 17.99 g/t Au and 12.5 g/t Ag over 5.0 m (3.2 m ETW)Identified additional style of gold mineralization - stockwork/breccia zoneFluid inclusion studies by the CSM confirm the orogenic nature of gold mineralization within the land packageFrank Powell, Mako's Senior Exploration Manager announces that \"We are very excited to initiate drilling outside of the San Albino/Conchitas area and to start assessing our 188 km2 land package. There are very few places in the world where you can sample high grade gold over 10's of kilometers of strike that have not been previously drilled or explored with modern exploration techniques. The fact that we have discovered similar shallow high-grade gold 17 km away from a producing mine, with dozens of high-grade gold occurrences in between, leads us to believe that we have a burgeoning gold district on our hands\".Reconnaissance geological mapping and sampling has identified numerous gold bearing structures outside the San Albino/Conchitas areas that have never been drill tested (see map below). At La Segoviana, detailed sampling and mapping of recent, small-scale underground and surface workings confirmed near surface, high-grade gold mineralization at several prospects situated approximately 17 km north of San Albino Mine (see press release dated March 24th, 2022). Sampling and mapping in this area indicates significant strike potential over a linear distance of ...