TSX-V: MKO
VANCOUVER, Sept. 26, 2019 /CNW/ - Mako Mining
Corp. (TSX-V: MKO) ("Mako" or the
"Company") is pleased to report further positive results
from the infill drilling program at its wholly-owned San
Albino gold project ("San Albino") located in Nueva Segovia, Nicaragua.
To date, 5,072 m of infill
grade-control drilling has been completed in 115 diamond drill
holes, with assays reported for 39 of these holes. A
breakdown of the results is as follows: 21 drill holes intersected
the San Albino Zone as projected; 8 drill holes encountered
historic workings where the San Albino Zone was projected; 8 drill
holes intersected historic dump material in the shallow projections
of the San Albino Zone; and 2 holes did not intersect significant
results where the San Albino Zone was projected. The Company
views these results positively, as the geological model, which was
reinterpreted earlier this year, is leading to highly predicable
results.
One of the main objectives of this program is to find the strike
and dip extension of the near surface and high-grade
Porcelana-style mineralization encountered in hole SA19-155 of
60.72 g/t Au and 66.4 g/t Ag over 3.1
m (estimated true width) (see press release dated
September 4, 2019). After
reallocating one drill rig for this purpose, Mako is pleased to
report initial results where hole SA19-207 intersected 50.78 g/t Au
and 13.0 g/t Ag over 5.3 m
(5.1 m estimated true width),
including 173.3 g/t Au and 26.0 g/t Ag over 1.1 m (1.0 m
estimated true width). This intercept was 18 m below surface and within the open pit mine
plan for San Albino.
SA19-207 was 35 m along strike
from SA19-155. The texture and visual appearance of SA19-207
is similar to SA19-155, and confirms geological continuity of
high-grade mineralization between the two holes, which bodes well
as the Company finalizes the initial mine plan for San Albino later
this year. Importantly, this area of near surface high-grade
is still open along strike.
Furthermore, hole SA19-194 intersected 28.36 g/t Au and 44.40
g/t Ag over 5.4 m (4.8 m estimated true width). This intercept
was approximately 11 m below surface
and within the initial open pit mine plan for San Albino.
Akiba Leisman, Chief Executive
Officer of Mako states "we are more than 70% complete with the
infill drill program at San Albino and the results have come in
beyond our expectations. Specifically, the wide, multi-ounce
intercepts within 20 meters from surface encountered in holes
SA19-155 and SA19-207 are extraordinary. We are evaluating
the feasibility of bringing these ounces into our mine plan earlier
while we wait for additional assay results. Few open pit
mines exist in the world today with grades such as these, and we
are excited to see further results as we continue advancing the
project into production for late summer next year."
2019 Infill Drilling Program Assay Results
|
Drill
Hole
|
From
(m)
|
To
(m)
|
Width
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
Zone /
Comments
|
Interval
Averages
|
True
Width
(m)***
|
|
SA19-160
|
0.50
|
1.50
|
1.00
|
3.52*
|
10.9
|
Historic
Dump**
|
---
|
---
|
|
1.50
|
2.50
|
1.00
|
2.30*
|
3.5
|
|
2.50
|
3.90
|
1.40
|
3.79*
|
8.4
|
|
3.90
|
5.40
|
1.50
|
---
|
---
|
Void
|
---
|
---
|
|
SA19-161
|
0.00
|
1.50
|
1.50
|
0.41
|
1.1
|
Historic
Dump**
|
---
|
---
|
|
1.50
|
3.00
|
1.50
|
1.09
|
3.5
|
|
3.00
|
4.50
|
1.50
|
0.78
|
2.4
|
|
4.50
|
6.00
|
1.50
|
0.47
|
1.0
|
|
6.00
|
7.50
|
1.50
|
1.99
|
2.0
|
|
7.50
|
8.50
|
1.00
|
3.15
|
8.2
|
|
SA19-162
|
24.60
|
27.40
|
2.80
|
---
|
---
|
Void
|
---
|
---
|
|
SA19-163
|
0.00
|
1.00
|
1.00
|
2.73
|
45.9
|
Historic
Dump**
|
---
|
---
|
|
1.00
|
2.00
|
1.00
|
3.83
|
95.0
|
|
2.00
|
3.50
|
1.50
|
1.13
|
31.4
|
|
3.50
|
4.80
|
1.30
|
0.93
|
41.8
|
|
17.00
|
18.00
|
1.00
|
7.19*
|
31.7
|
San Albino
Zone
|
7.19 g/t Au and
31.7
g/t Ag over 1 m
|
0.9
|
|
SA19-164
|
0.00
|
1.00
|
1.00
|
2.55
|
8.0
|
Historic
Dump**
|
---
|
---
|
|
1.00
|
2.00
|
1.00
|
1.97
|
5.9
|
|
2.00
|
3.00
|
1.00
|
2.18
|
4.1
|
|
3.00
|
4.00
|
1.00
|
0.94
|
3.1
|
|
4.00
|
5.00
|
1.00
|
0.90
|
3.2
|
|
12.00
|
16.00
|
4.00
|
---
|
---
|
Void
|
---
|
---
|
|
SA19-165
|
0.00
|
1.00
|
1.00
|
2.99
|
9.1
|
Historic
Dump**
|
---
|
---
|
|
1.00
|
2.00
|
1.00
|
2.42
|
16.9
|
|
2.00
|
3.00
|
1.00
|
2.24
|
3.5
|
|
28.50
|
29.50
|
1.00
|
5.70*
|
21.4
|
San Albino
Zone
|
4.34 g/t Au and
35.3
g/t Ag over 3 m
|
2.4
|
|
29.50
|
30.50
|
1.00
|
5.13*
|
27.3
|
|
30.50
|
31.50
|
1.00
|
2.20*
|
57.2
|
|
SA19-166
|
0.00
|
1.00
|
1.00
|
2.65
|
6.1
|
Historic
Dump**
|
---
|
---
|
|
1.00
|
2.00
|
1.00
|
2.75
|
12.1
|
|
2.00
|
3.00
|
1.00
|
4.41
|
9.1
|
|
3.00
|
4.00
|
1.00
|
1.02
|
9.7
|
|
4.00
|
5.00
|
1.00
|
2.43
|
12.5
|
|
5.00
|
6.00
|
1.00
|
4.69
|
20.4
|
|
6.00
|
7.50
|
1.50
|
4.17*
|
10.3
|
San Albino
Zone
|
10.66 g/t Au and
25.0
g/t Ag over 2.5 m
|
|
|
7.50
|
8.50
|
1.00
|
22.48*
|
52.1
|
2.3
|
|
SA19-167
|
0.00
|
1.00
|
1.00
|
3.68
|
5.8
|
Historic
Dump**
|
---
|
---
|
|
1.00
|
2.00
|
1.00
|
4.40
|
15.3
|
|
2.00
|
3.00
|
1.00
|
19.50
|
46.2
|
|
3.00
|
4.10
|
1.10
|
2.23*
|
15.9
|
|
SA19-168
|
30.10
|
30.60
|
0.50
|
16.60*
|
43.9
|
San Albino
Zone
|
16.62 g/t Au and
22.0
g/t Ag over 0.5 m
|
0.5
|
|
SA19-169
|
22.95
|
25.15
|
2.20
|
---
|
---
|
Void
|
---
|
---
|
|
SA19-170
|
18.50
|
19.50
|
1.00
|
7.84 *
|
37.1
|
San Albino
Zone
|
7.84 g/t Au and
37.1
g/t Ag over 1 m
|
0.9
|
|
SA19-171
|
0.00
|
1.00
|
1.00
|
2.23
|
10.4
|
Historic
Dump**
|
---
|
---
|
|
15.20
|
16.20
|
1.00
|
5.13
|
8.3
|
San Albino
Zone
|
6.38 g/t Au and
12.5
g/t Ag over 3 m
|
3.0
|
|
16.20
|
17.20
|
1.00
|
10.50
|
19.9
|
|
17.20
|
18.20
|
1.00
|
3.51
|
9.3
|
|
SA19-172
|
0.00
|
1.00
|
1.00
|
3.10
|
8.5
|
Historic
Dump**
|
---
|
---
|
|
1.00
|
2.50
|
1.50
|
3.85
|
9.5
|
|
2.50
|
4.00
|
1.50
|
6.86
|
16.5
|
|
4.00
|
5.50
|
1.50
|
1.19
|
3.5
|
|
15.30
|
16.30
|
1.00
|
6.04
|
16.1
|
San Albino
Zone
|
6.04 g/t Au and
16.1
g/t Ag over 1 m
|
0.9
|
|
SA19-173
|
0.00
|
1.00
|
1.00
|
3.01
|
9.1
|
Historic
Dump**
|
---
|
---
|
|
1.00
|
2.50
|
1.50
|
2.96
|
10.2
|
|
2.50
|
4.00
|
1.50
|
8.95
|
18.4
|
|
4.00
|
5.50
|
1.50
|
1.64
|
6.2
|
|
8.50
|
9.50
|
1.00
|
1.54
|
2.8
|
|
10.60
|
15.00
|
4.40
|
---
|
---
|
Void
|
---
|
---
|
|
SA19-174
|
0.00
|
1.50
|
1.50
|
6.84
|
62.0
|
Historic
Dump**
|
---
|
---
|
|
1.50
|
3.00
|
1.50
|
21.90
|
59.9
|
|
SA19-175
|
0.00
|
1.00
|
1.00
|
14.90
|
17.6
|
Historic
Dump**
|
---
|
---
|
|
1.00
|
8.00
|
7.00
|
---
|
---
|
Void
|
---
|
---
|
|
SA19-176
|
0.00
|
0.80
|
0.80
|
10.80
|
30.2
|
Historic
Dump**
|
---
|
---
|
|
0.80
|
2.30
|
1.50
|
5.77
|
8.6
|
|
SA19-177
|
0.00
|
1.00
|
1.00
|
1.94
|
2.7
|
Historic
Dump**
|
---
|
---
|
|
57.20
|
58.20
|
1.00
|
1.16
|
4.6
|
Naranjo
zone
|
1.16 g/t Au and
4.6
g/t Ag over 1 m
|
0.9
|
|
SA19-178
|
24.80
|
25.80
|
1.00
|
34.93*
|
108.0
|
San Albino
Zone
|
21.84 g/t Au and
66.8
g/t Ag over 2 m
|
1.9
|
|
25.80
|
26.80
|
1.00
|
8.74*
|
25.6
|
|
SA19-179
|
20.20
|
24.90
|
4.70
|
---
|
---
|
Void
|
---
|
---
|
|
SA19-180
|
20.00
|
21.00
|
1.00
|
1.38
|
3.5
|
San Albino
Zone
|
1.38 g/t Au and
3.5
g/t Ag over 1 m
|
1
|
|
SA19-181
|
28.00
|
29.30
|
1.30
|
0.14
|
2.2
|
San Albino
Zone
|
---
|
3.3
|
|
29.30
|
30.30
|
1.00
|
0.32
|
6.2
|
|
30.30
|
31.30
|
1.00
|
0.42
|
3.3
|
|
SA19-182
|
12.50
|
13.50
|
1.00
|
17.80
|
17.3
|
San Albino
Zone
|
17.80 g/t Au and
17.3
g/t Ag over 1 m
|
0.9
|
|
SA19-183
|
5.50
|
7.00
|
1.50
|
0.59
|
1.4
|
No Significant
intersect
|
---
|
---
|
|
SA19-184
|
0.00
|
1.00
|
1.00
|
1.48
|
12.4
|
Historic
Dump**
|
---
|
---
|
|
1.00
|
2.50
|
1.50
|
1.78
|
11.3
|
|
9.70
|
11.00
|
1.30
|
18.40
|
33.6
|
San Albino
Zone
|
23.92 g/t Au and
33.6
g/t Ag over 1.3
|
1.3
|
|
SA19-185
|
16.50
|
17.70
|
1.20
|
1.98
|
4.0
|
San Albino
Zone
|
10.44 g/t Au and
37.6
g/t Ag over 2.2m
|
1.9
|
|
17.70
|
18.70
|
1.00
|
20.60
|
77.9
|
|
SA19-186
|
12.10
|
12.70
|
0.60
|
18.80
|
35.0
|
San Albino
Zone
|
10.37 g/t Au and
19.3
g/t Ag over 1.5m
|
1.5
|
|
12.70
|
13.60
|
0.90
|
4.76
|
8.9
|
|
SA19-187
|
6.00
|
7.00
|
1.00
|
1.90
|
4.9
|
San Albino
Zone
|
1.90 g/t Au and
4.9
g/t Ag over 1 m
|
0.9
|
|
SA19-188
|
3.90
|
5.90
|
2.00
|
---
|
---
|
Void
|
---
|
---
|
|
SA19-189
|
0.00
|
1.00
|
1.00
|
1.29
|
9.2
|
Historic
Dump**
|
---
|
---
|
|
1.00
|
2.00
|
1.00
|
0.69
|
2.1
|
|
2.00
|
3.00
|
1.00
|
2.81
|
4.5
|
|
3.00
|
4.20
|
1.20
|
5.81
|
4.3
|
|
4.20
|
6.00
|
1.80
|
2.63
|
5.8
|
|
SA19-190
|
0.00
|
1.50
|
1.50
|
2.16
|
22.7
|
Historic
Dump**
|
---
|
---
|
|
1.50
|
3.00
|
1.50
|
4.12
|
4.5
|
|
SA19-191
|
0.00
|
1.20
|
1.20
|
3.22
|
5.50
|
Historic
Dump**
|
---
|
---
|
|
1.20
|
2.50
|
1.30
|
3.24
|
10.8
|
|
2.50
|
3.50
|
1.00
|
3.65
|
24.0
|
|
4.70
|
6.00
|
1.30
|
4.90
|
11.0
|
|
6.00
|
7.25
|
1.25
|
11.30
|
8.7
|
|
7.25
|
11.00
|
3.75
|
---
|
---
|
Void
|
---
|
---
|
|
SA19-192
|
1.50
|
3.00
|
1.50
|
1.58
|
2.7
|
Historic
Dump**
|
---
|
---
|
|
3.00
|
4.60
|
1.60
|
3.97
|
7.7
|
|
8.60
|
9.90
|
1.30
|
5.92
|
9.2
|
|
9.90
|
10.35
|
0.45
|
130.00
|
101.0
|
San Albino
Zone
|
73.15 g/t Au and
69.1
g/t Ag over 1.1 m
|
1.1
|
|
10.35
|
11.00
|
0.65
|
33.80
|
47.0
|
|
SA19-193
|
1.00
|
2.00
|
1.00
|
2.12
|
9.7
|
Historic
Dump**
|
---
|
---
|
|
2.00
|
3.50
|
1.50
|
2.03
|
5.1
|
|
3.50
|
5.00
|
1.50
|
3.30
|
7.5
|
|
5.00
|
6.00
|
1.00
|
9.45
|
13.5
|
|
6.00
|
7.50
|
1.50
|
2.20
|
4.5
|
|
7.50
|
8.80
|
1.30
|
9.00
|
25.6
|
|
8.80
|
10.00
|
1.20
|
7.07
|
27.8
|
|
SA19-194
|
11.10
|
12.25
|
1.15
|
1.14
|
4.0
|
San Albino
Zone
|
28.36 g/t Au and
44.4
g/t Ag over 5.4 m
|
4.8
|
|
12.25
|
12.90
|
0.65
|
15.30
|
28.0
|
|
12.90
|
13.75
|
0.85
|
---
|
---
|
Void
(internal
dilution)
|
|
13.75
|
14.50
|
0.75
|
22.50
|
53.0
|
San Albino
Zone
|
|
14.50
|
14.90
|
0.40
|
60.60
|
67.0
|
|
14.90
|
15.45
|
0.55
|
138.90
|
189.0
|
|
15.45
|
16.50
|
1.05
|
23.20
|
44.0
|
|
SA19-195
|
Results
Pending
|
|
SA19-196
|
Results
Pending
|
|
SA19-197
|
Results
Pending
|
|
SA19-198
|
Results
Pending
|
|
SA19-199
|
Results
Pending
|
|
SA19-200
|
Results
Pending
|
|
SA19-201
|
Results
Pending
|
|
SA19-202
|
Results
Pending
|
|
SA19-203
|
Results
Pending
|
|
SA19-204
|
Results
Pending
|
|
SA19-205
|
40.90
|
42.00
|
1.10
|
11
|
15.5
|
San Albino
Zone
|
16.16 g/t Au and
10.8
g/t Ag over 4.6 m
|
2.3
|
|
42.00
|
43.15
|
1.15
|
46.6
|
22.6
|
|
43.15
|
44.15
|
1.00
|
4.30
|
5.0
|
|
44.15
|
45.45
|
1.30
|
2.73
|
0.8
|
|
45.45
|
46.95
|
1.50
|
---
|
---
|
Void
|
|
|
|
46.95
|
47.45
|
0.50
|
1.60
|
3.0
|
San Albino
Zone
|
1.43 g/t Au and
2.7
g/t Ag over 1.5 m
|
0.75
|
|
47.45
|
48.45
|
1.00
|
1.35
|
2.5
|
|
SA19-206
|
Results
Pending
|
|
SA19-207
|
18.00
|
19.10
|
1.10
|
5.17
|
5.3
|
San Albino
Zone
|
50.78 g/t Au and
13.0
g/t Ag over 5.3 m
|
5.1
|
|
19.10
|
20.60
|
1.50
|
173.3
|
26.0
|
|
20.60
|
21.80
|
1.20
|
1.34
|
14.5
|
|
21.80
|
23.30
|
1.50
|
1.25
|
4.3
|
|
SA19-208
|
Results
Pending
|
|
SA19-209
|
33.50
|
34.50
|
1.00
|
1.64
|
5.5
|
San Albino
Zone
|
6.00 g/t Au and
6.9
g/t Ag over 7.0 m
|
6.0
|
|
34.50
|
35.50
|
1.00
|
14.90
|
11.2
|
|
35.50
|
36.80
|
1.30
|
6.70
|
17.4
|
|
36.80
|
37.90
|
1.10
|
3.70
|
2.7
|
|
37.90
|
39.00
|
1.10
|
9.27
|
3.3
|
|
39.00
|
40.50
|
1.50
|
1.67
|
1.7
|
|
SA19-210
|
36.00
|
37.50
|
1.50
|
7.19
|
2.6
|
San Albino
Zone
|
8.60 g/t Au and
10.4
g/t Ag over 8.1 m
|
7.7
|
|
37.50
|
38.70
|
1.20
|
1.80
|
3.9
|
|
38.70
|
40.00
|
1.30
|
24.00
|
35.2
|
|
40.00
|
41.00
|
1.00
|
12.10
|
5.9
|
|
41.00
|
42.00
|
1.00
|
3.82
|
3.0
|
|
42.00
|
43.00
|
1.00
|
1.66
|
3.4
|
|
43.00
|
44.10
|
1.10
|
7.21
|
15.7
|
|
SA19-211
|
Results
Pending
|
|
SA19-212
|
Results
Pending
|
|
SA19-213
|
Results
Pending
|
The mineralized intervals shown above utilize a 1.0 g/t gold
cut-off grade with not more than 1.0 meter of internal dilution.
* Indicates use of metallic screening method for assays. **
Historic Dump is interpreted to be "waste" material from the mining
operations during the period 1870-1920 and possibly during Spanish
times. The grade and distribution of Dump material is erratic
and unpredictable. *** True width is estimated from interpreted
sections.
Sampling, Assaying, QA/QC and Data Verification
Drill core was continuously sampled from inception to
termination of the drill hole. Sample intervals were
typically one meter. Drill core diameter was HQ (6.35
centimeters). Geologic and geotechnical data was captured
into a digital database, core was photographed, then one-half split
of the core was collected for analysis and one-half was retained in
the core library. Samples were kept in a secured logging and
storage facility until such time that they were delivered to the
Managua facilities of Bureau
Veritas and pulps were sent to the Bureau Veritas laboratory in
Vancouver for analysis. Gold
was analyzed by standard fire assay fusion, 30gram aliquot, AAS
finish. Samples returning over 10.0 g/t gold are analyzed
utilizing standard Fire Assay-Gravimetric method. Due to the
presence of coarse gold, the Company has used 500-gram metallic
screened gold assays for analyzing samples that yielded a fire
assay result greater than 1 g/t, and samples immediately above and
below drilled veins. This method, which analyzes a larger
sample, can be more precise in high-grade vein systems containing
coarse gold. All reported drill results in this press release used
the standard Fire Assay-Gravimetric method unless otherwise
indicated as using the metallic screening method. The Company
follows industry standards in its QA&QC procedures. Control
samples consisting of duplicates, standards, and blanks were
inserted into the sample stream at a ratio of 1 control sample per
every 10 samples. Analytical results of control samples
confirmed reliability of the assay data.
Qualified Person
John M. Kowalchuk, P.Geo, a
geologist and qualified person (as defined under NI 43-101) has
read and approved the technical information contained in this press
release. Mr. Kowalchuk is a senior geologist and a consultant to
the Company.
On behalf of the Board,
Akiba
Leisman
CEO
About Mako
Mako Mining Corp. is a publicly listed gold mining, development
and exploration firm. The Company is developing its high-grade San
Albino gold project in Nueva
Segovia, Nicaragua. Mako's
primary objective is to bring San Albino into production quickly
and efficiently, while continuing exploration of prospective
targets in Nicaragua.
Forward-Looking Statements: Some of the
statements contained herein may be considered "forward-looking
information" within the meaning of applicable securities
laws. Forward-looking information is based on certain
expectations and assumptions, including that the Company's
exploration and in-fill drilling programs will be successfully
completed; that any outstanding assay results will be as
anticipated; that the Porcelana-style mineralization discovered is
anticipated to have a material impact on the economics of the San
Albino gold project; that the Company will be able to successfully
adjust its mine plan based on anticipated successful drilling
results; that although the Company's production decision at its San
Albino project is not based on a technical study supporting mineral
reserves, and therefore not based on demonstrated economic
viability, management currently believes the project is on track to
achieve its first gold pour by the late summer of 2020; that the
Company will be successful in any proposed financing plans
necessary for the construction at the San Albino project. and such
other risk factors as outlined in the continuous disclosure
documents of the Company filed on SEDAR at www.sedar.com.
Such forward-looking information is subject to a variety of risks
and uncertainties which could cause actual events or results to
differ materially from those reflected in the forward-looking
information, including, without limitation, the risks that
additional satisfactory exploration results at San Albino will not
be obtained; that the PEA is preliminary in nature and there is no
certainty that the PEA will be realized; the risk of economic
and/or technical failure at the San Albino project associated with
basing a production decision on the PEA without demonstrated
economic and technical viability; that exploration results will not
translate into the discovery of an economically viable deposit;
risks and uncertainties relating to political risks involving the
Company's exploration and development of mineral properties
interests; the inherent uncertainty of cost estimates and the
potential for unexpected costs and expense; commodity price
fluctuations, the inability or failure to obtain adequate financing
on a timely basis and other risks and uncertainties. Such
information contained herein represents management's best judgment
as of the date hereof, based on information currently available and
is included for the purposes of providing investors with the
Company's plans and expectations at its San Albino project and may
not be appropriate for other purposes. Mako does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Mako Mining Corp.