Mako Mining Corp. (TSXV: MKO) has received high-grade results from its recent definition and expansion drilling programme at the Las Conchitas area on its wholly-owned San Albino-Murra property in Nicaragua.
The Las Conchitas area is located immediately south of the San Albino Mine which is currently in commercial production, and north of the historical El Golfo Mine located within the company’s El Jicaro Concession.
Las Conchitas contains numerous mineralised structures over a 1,700m by 800m area, which has been subdivided into three primary areas: Las Conchitas north (LC-North), Las Conchitas central (LC-Central) and Las Conchitas south (LC-South).
Highlights of the recent drilling at Las Conchitas – Central
- 85.10 g/t Au and 153.0 g/t Ag over 1.30m (0.8 m ETW)
- 16.40 g/t Au and 13.1 g/t Ag over 1.00m (0.9 ETW)
- 12.80 g/t Au and 8.2 g/t Ag over 1.10m (ETW) – additional zone
“Las Conchitas Central has thus far received the least amount of drilling since inception, but in this area, we are still finding similar high grade, shallow dipping, auriferous veins as we have throughout our 188 sq. kmland package,” Akiba Leisman, CEO of Mako, said.
“The importance of LC22-813 is that not only did it intersect 85.1 g/t Au over minable widths, but it was able to connect two zones previously interpreted as separate. Now we have nearly 300m of strike delineated at Mina Bonanza – Cruz Grande, and open along strike and down dip. Additionally, LC22-818 has confirmed an unusually thick part of this zone 68 meters from surface. Results from this hole will be received over the course of the next few weeks.”
The Las Conchitas area covers approximately 3.75 sq. km which hosts multiple subparallel, shallow, northeast-southwest striking and gently dipping mineralised veins, with stylolitic and/or brecciated textures which often contain visible gold. The company is planning to continue drilling the area with five of the seven diamond drill rigs on site with the objective of further expansion of the mineralized structures in all three areas in preparation for a maiden resource by Q1 2023.
To date, the drilling programme at Las Conchitas has focused on two high priority targets, Las Conchitas North and South; however, no systematic exploration had been conducted in the Central part of Las Conchitas area until recently.
During the 2018 drilling campaign at the LC-Central area, 19 drill holes, totalling 824.5m were completed and confirmed two high grade gold bearing structures, Mina Bonanza and Cruz Grande, which were interpreted to be separate structures, located on opposite sides of a ridge. Until recently there had been no drill testing of the gap between the zones.
In May 2022, Mako initiated a drilling programme to systematically test this gap.
The company has completed 18 drill holes totalling 2,227.5m confirming that these two zones have continuity within the previously interpreted gap. Drill hole LC22-813 intersected 85.10 g/t Au and 153.0 g/t Ag over 1.30m (0.8m ETW), at a vertical depth of 51.0m, connecting two zones that were previously separate and confirming continuity along strike over 295.0m (see attached longitudinal section).
An additional hole, LC22-804 targeting the same gap, intersected 19.40 g/t Au and 64.2 g/t Ag over 0.90m (0.8m ETW) (see press release dated July 28, 2022 and table below).
Drill hole LC22-803 intersected 16.40 g/t Au and 13.1 g/t Ag over 1.00m (0.9m ETW), starting at vertical depth of 71.9m, confirming a 55.0m down dip extension of the high-grade mineralization previously intersected in hole CG18-25 which graded 11.31 g/t Au and 12.2 g/t Ag over 4.15m (see press release dated December 05, 2018). The same drill hole intersected three additional mineralised intervals, currently interpreted as quartz vein splays, including 13.00 g/t Au and 6.9 g/t Ag over 0.60m (0.5m ETW) indicating further untested potential within the area.
In addition, the company has received results from drill hole LC22-804, which intersected 12.80 g/t Au and 8.2 g/t Ag over 1.10m (ETW) at a vertical depth of 6.3m from surface. This mineralized structure, which lies above the Cruz Grande zone, was originally discovered in 2017, during sampling of surface exposures at the Cruz Grande area where a vertical sample in trench SAM17-TR17 returned 13.20 g/t Au and 8.5 g/t Ag over 1.20m. This drill hole confirmed a 21.0m down dip extension of a high grade, near surface mineralisation warranting additional drilling to better define the continuity of the zone.
Drill hole LC22-818 (results pending), intersected a 7.5m wide mineralised interval, starting at a vertical depth of 68.0m. The interval contains two mineralised quartz veins with similar minerology as in a hole CG18-24, including the presence of visible gold, collared 82m up-dip, which intersected an interval of 23.63 g/t Au and 25.1 g/t Ag over 5.65m. Results for LC22-818 are expected in early September.
For further information please visit: https://makominingcorp.com/