In a news release, Mako Mining Corp. (MKO:TSX.V; MAKOF:OTCMKTS) announced that drilling in the Las Conchitas area of its San Albino-Murra property in Nicaragua extended near-surface, high-grade gold mineralization.
Results are available for 17 holes totaling 1,669 meters (1,669m) and drilled in five zones. Assays are pending for another 52 holes.
Of this batch of results, two holes, in the Bayacun zone, returned intervals with the highest grade: LC20-165 and LC20-162. Hole LC20-165 intersected 32.73 grams per ton (32.73 g/t) gold and 33.7 g/t silver over 3.1m at about 56m from surface. Hole LC20-162 intersected 30.61 g/t gold and 37.1 g/t silver over 3.4m at roughly 63m from surface.
"These results at the Bayacun zone of Las Conchitas further support our thesis that the San Albino deposit is part of a larger high-grade, near surface gold system on the company's 150 square kilometer land package," Mako Mining CEO Akiba Leisman said in the release.
"As we continue drilling and as we gain invaluable information from mining the San Albino deposit to the north, we expect to advance Las Conchitas to the point where it can become our second area of mining over the next couple of years." Las Conchitas is about 2.5 kilometers south of San Albino that is under construction.
Another highlight hole, LC20-148, this one in the Limon zone, demonstrated 20.94 g/t gold and 6.13 g/t silver over 2.3m at about 73m from surface. The gold mineralization there remains open to the southwest.
The ultimate goal of Mako's 2020 drill program at Las Conchitas is to establish a maiden resource, the company stated.
[NLINSERT]Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
