- Mako Mining (MKO) has successfully intersected gold at its San Albino-Murra Property in Nicaragua
- The company is releasing additional results from the recent definition and expansion drilling program at the mine’s Las Conchitas area
- Highlights include one hole that returned 85.10 grams per tonne of gold and 153 grams per tonne of silver over 1.3 metres
- No systematic exploration had been conducted in the Central part of Las Conchitas area until recently
- Mako Mining is up 2.17 percent, trading at $0.24 at 9:30 am ET
Mako Mining (MKO) has successfully intersected gold at its San Albino-Murra Property in Nicaragua.
The Vancouver-based mineral resource company is releasing additional results from the recent definition and expansion drilling program at the mine’s Las Conchitas area.
The area is immediately south of the San Albino Mine which is currently in commercial production, and north of the historical El Golfo Mine.
Highlights include one hole that returned 85.10 grams per tonne of gold and 153 grams per tonne of silver over 1.3 metres.
Las Conchitas contains numerous mineralized structures over a 1,700-metre by 800-metre area.
Drilling at Las Conchitas has focused on two high-priority targets, Las Conchitas North and South. No systematic exploration had been conducted in the Central part of the Las Conchitas area until recently.
“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 km2 land package. 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,” said Mako CEO Akiba Leisman.
Mako Mining is up 2.17 percent, trading at $0.24 at 9:30 am ET.