Mako Mining Reports Updated and Extended Mineral Resource for the San Albino Project; Measured and Indicated Resources of 250,200 Ounces Au With a Diluted Grade of 11.61 g/t Au and Inferred Resources of 129,900 Ounces Au With a Diluted Grade of 10.54 g/t Au

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[{"type":"text","content":"Mako Mining Reports Updated and Extended Mineral Resource for the San Albino Project; Measured and Indicated Resources of 250,200 Ounces Au With a Diluted Grade of 11.61 g/t Au and Inferred Resources of 129,900 Ounces Au With a Diluted Grade of 10.54 g/t AuVANCOUVER, BC / ACCESSWIRE / October 31, 2023 / Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) (\"Mako\" or the \"Company\") is pleased to report the results of an updated mineral resource estimate prepared by RESPEC, out of Reno, Nevada, for the San Albino Project, which includes the Las Conchitas deposit, located in Nueva Segovia, Nicaragua. An updated technical report for the San Albino Project with an effective date of October 11th, 2023, including the updated mineral resource estimate, is being prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects (\"NI 43-101\") and will be filed under the Company's SEDAR+ profile at www.sedarplus.ca within 45 days of this news release, and posted on the Company's website at www.makominingcorp.com. All dollar amounts referred to in this news release are United States dollars.The San Albino Project open pit and underground mineral resource (see Figure 1 map below) includes a Measured and Indicated mineral resource of 670,100 tonnes at a diluted grade of 11.61 grams per tonne (g/t) Au for 250,200 gold ounces, and an Inferred mineral resource of 383,300 tonnes at a diluted grade of 10.54 g/t Au for 129,900 gold ounces (see table below). These mineral resources are constrained within two major and three smaller open pit shells at the Las Conchitas deposit, and four pit shells at the San Albino mine, two of which are currently in operation. The underground mineral resources are constrained by shells defined by stope optimizations.Open Pit, Underground and DumpsAll MeasuredCutoffTonnesAu g/tOz AuAg g/tOz Agvariable47,2009.8815,00017.827,000All IndicatedCutoffTonnesAu g/tOz AuAg g/tOz Agvariable622,90011.74235,20016.4328,000All Measured and IndicatedCutoffTonnesAu g/tOz AuAg g/tOz Agvariable670,10011.61250,20016.5355,000All InferredCutoffTonnesAu g/tOz AuAg g/tOz Agvariable383,30010.54129,90014.8182,600 Akiba Leisman, CEO of Mako states, \"even after nearly 4 years of depletion from the San Albino mine, our mineral resource is now materially larger and higher grade than the last mineral resource we publ...

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