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Mako Mining Intersects 37.80 g/t Au and 50.0 g/t Ag over 2.8m (Estimated True Width) at Las Conchitas, 16m from Surface, Outside of Current Mineral Resource Estimate
Mako Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) (" Mako " or the " Company ") is pleased to pr...
About this update from Mako Mining Corp.
[{"type":"text","content":" Mako Mining Intersects 37.80 g/t Au and 50.0 g/t Ag over 2.8m (Estimated True Width) at Las Conchitas, 16m from Surface, Outside of Current Mineral Resource EstimateMako Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) (\"Mako\" or the \"Company\") is pleased to provide an update of results from the ongoing reverse circulation (RC) drill program at Mako's newest mining area, Las Conchitas, located immediately south of the company's San Albino gold mine.In the 2024 RC drilling campaign, Mako has completed 244 drill holes totaling 15,314 meters. The main objective of this campaign is to test possible extensions of the high-grade mineralized blocks and mineralization trends beyond the limits of the Company's most recent mineral resource estimate (\"MRE\") at the San Albino Project (see press release of December 6th, 2023). The results reported in this release are from 3 of the 4 principal zones within the southern portion of Las Conchitas: El Limon, Mango and Las Dolores.HighlightsDrilling in the southern portion of Las Conchitas (\"LC-S\"), together with prior results drilled since the MRE, support the potential to expand the high-grade gold mineralization outside of the pits defined by the current MRE.Las Dolores Highlights37.80 g/t Au and 50.0 g/t Ag over 3.0m - (2.8m Estimated True Width -ETW)34.10 g/t Au and 29.4 g/t Ag over 1.0m - (0.9m ETW)16.77 g/t Au and 32.5 g/t Ag over 2.0m - (2.0m ETW)16.56 g/t Au and 12.8 g/t Ag over 2.0m - (1.9m ETW)El Limon and Mango Highlights11.25 g/t Au and 18.3 g/t Ag over 3.0m - (3.0m ETW)9.83 g/t Au and 20.4 g/t Ag over 4.0m - (4.0m ETW)Akiba Leisman, CEO of Mako states, \"results from the expansion drilling at Las Conchitas continue to be excellent, although not surprising. There are many drill targets across the 28km of strike potential within our 188 square kilometer land package that are still waiting to be drilled. The cashflow coming from the mine allows the Company to reinvest in exploration in Nicaragua, as well as our newly acquired Eagle Mountain project in Guyana, without the need for external financing, while growing our cash balance and returning capital to shareholders.\"The key objective of this year's drilling program at the Las Dolores area is to demonstrate extensions of high-grade zones beyond the current MRE, mainly within shallow oxide material. Drill holes LC24-RC331 and LC24-RC...