- Mako Mining Corp. (MKO) has discovered additional high-grade gold-silver southwest of its current operations at the San Albino West Pit in Nicaragua
- Results of drilling in this area confirmed multiple high-grade shallow zones
- The highest values were 98.50 grams of gold per tonne and 76.1 grams of silver per tonne
- Mako Mining also completed a reconnaissance drill program in an untested area, which found gold present in three holes
- Mako Mining Corp. (MKO) is down 2.86 per cent, trading at $0.17 per share as of 2:18 p.m. EST
Mako Mining Corp. (MKO) has discovered additional high-grade gold-silver southwest of its current operations at the San Albino West (SW) Pit in Nicaragua.
Results of drilling in this area confirmed multiple high-grade shallow zones with the highest values at 98.50 grams of gold per tonne and 76.1 grams of silver per tonne. Last year, a total of 16,472 metres in 126 drill holes were drilled in the SW Pit area.
The company stated its drilling focused on near-surface, high-grade gold mineralization in the pit and closer to the area’s permitted limits.
Akiba Leisman, CEO of Mako Mining, commented,
“Last year we were able to extend the mineralized zone… and now we have been able to extend this zone with multiple high-grade intercepts, over higher than average widths, along strike, and up and down dip.”
There is an existing minimal resource at the SW Pit, which the company is in the process of updating.
Additionally, Mako Mining completed a reconnaissance drill program to test for mineralization across a major northwest-trending fault in an area of no previous drilling. Eight diamond drill holes were completed, three of which intersected gold mineralized intervals. The company will continue testing the projected extension to the southwest.
Mako Mining Corp. (MKO) is down 2.86 per cent, trading at $0.17 per share as of 2:18 p.m. EST.