The Prospector News

Drilling at Las Conchitas Extends Near Surface, High-Grade Gold Mineralization, Highlighted by Intercepts of 56.8 g/t Gold Over 1.4 Meters and 44.6 g/t Gold Over 0.7 Meter at the Mango Zone

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Drilling at Las Conchitas Extends Near Surface, High-Grade Gold Mineralization, Highlighted by Intercepts of 56.8 g/t Gold Over 1.4 Meters and 44.6 g/t Gold Over 0.7 Meter at the Mango Zone

 

 

 

 

 

Mako Mining Corp(TSX-V: MKO) is pleased to report positive drill results from the Las Conchitas area of its wholly-owned San Albino-Murra property located in Nueva Segovia, Nicaragua. The Las Conchitas area is located approximately 2.5 kilometers south of the fully permitted San Albino gold project currently under construction.

 

The goal of the 2019 drill program at Las Conchitas was to confirm near surface, shallow dipping, high-grade gold mineralization previously encountered in trenches and drill holes across eight separate gold bearing zones and to prioritize targets to begin delineating a maiden resource at Las Conchitas. The Company completed 81 shallow drill holes totaling 5,994.60 meters within the Las Conchitas area in 2019 (see the attached map). 

 

Akiba Leisman, Chief Executive Officer of Mako states “our 2019 Las Conchitas drilling was designed to prioritize drilling targets to the south of our San Albino gold project currently under construction. The surface area with known gold mineralization at Las Conchitas is already larger than that of San Albino, and we have had numerous near surface intercepts of over one ounce gold at the Mango Zone, which has become our most advanced target. In 2020, drilling at Las Conchitas will be focused on delineating a maiden resource at the Mango Zone.”

 

This press release contains results from 21 holes totaling 1,794.90 m drilled into five zones. Results from the 2019 drill program at Las Conchitas were previously reported in press releases dated May 6, 2019, May 21, 2019, August 19, 2019 and September 10, 2019. There are 19 additional drill holes still awaiting assay results from the laboratory as the Company has prioritized receiving assays from the recently completed 15,312.52-meter San Albino infill drill program to the north.

 

The highest grade interval reported in this press release was in drill hole LC19-135, which intersected 56.80 g/t Au and 70.3 g/t Ag over 1.4 m (see the attached cross and long sections).  LC19-135 successfully tested the southwest extension of the Mango Zone for an additional 30 m from hole LC11-01 which intersected 62.96 g/t Au and 61.7 g/t Ag over 3.0 meters (see press release dated February 22, 2012) and confirmed a 140 m down dip extension from the surface exposure observed in trench LC11-TR01 (see press release dated February 25, 2013).  LC19-135 is approximately 52 meters to the north of LC19-70 which intersected 376.49 g/t Au and 103 g/t Ag over 1.0 meters (see press release dated May 6, 2019).

 

Additionally, drill hole LC19-141, which was collared 130 m along strike from drill hole LC11-01 (see press release dated February 22, 2012), intersected three strongly mineralized intervals as follows:

 

  • Upper Mango Zone – 4.11 g/t Au and 4.1 g/t Ag over 0.5 m from 27.5 m to 28 m downhole
  • Mango Zone – 3.22 g/t Au and 4.5 g/t Ag over 0.5 m from 61 m to 61.5 m downhole
  • Mango Zone – 44.6 g/t Au and 43.1 g/t Ag over 0.7 m from 68.2 m to 68.9 m downhole

 

Drilling at the Mango Zone has confirmed high-grade, near surface gold mineralization and remains open both at depth and along strike.

 

Furthermore, drill hole LC19-124 was designed to test the southwest extension of the Intermediate Zone, which intersected 7.20 g/t Au and 14.2 g/t Ag over 21.3 meters, including 28.45 g/t Au and 53.7 g/t Ag over 5.0 meters (see press release dated September 11, 2013) and to test the down dip extension of the Mango Zone further downhole.  LC19-124 intersected two voids where the southwest extension of the Intermediate Zone was projected and intersected two intervals representing the Mango Zone of 8.68 g/t Au and 24.9 g/t Ag over 0.8 m and 26.8 g/t Au and 50.1 g/t Ag over 0.7 m, respectively.  The second interval contains visible gold and intersected mineralization at a vertical depth of 155 meters.

 

Las Conchitas Assay Results Reported In This Press Release

 

 

Drill

Hole

From
(m)
To
(m)
Width
(m)*
Au
(g/t)
Ag
(g/t)
Interval Average/Comments Zone
LC19-108 6.00 7.50 1.50 0.21 0.5 Anomalous Values California
13.00 14.00 1.00 0.13 0.4
47.50 48.50 1.00 0.12 0.7
LC19-109 13.00 14.00 1.00 0.15** 0.4 Anomalous Values
16.00 17.50 1.50 0.10** 0.3 Anomalous Values
LC19-110 24.40 25.20 0.80 5.32** 7.8 5.32 g/t Au and 0.4 g/t Ag over 0.8 m
LC19-111 33.60 35.00 1.40 0.17** 0.7 Anomalous Values
LC19-112 29.50 30.60 1.10 0.10 0.6 Anomalous Values
42.00 43.00 1.00 0.19** 0.3
44.00 45.00 1.00 0.16** <0.3
LC19-113           No Significant Results
LC19-114 36.70 37.90 1.20 0.22** 0.8 Anomalous Values El Portillo
LC19-115 22.50 23.50 1.00 0.34 0.3 Anomalous Values
48.80 50.00 1.20 5.7** 10.9 5.70 g/t Au and 10.9 g/t Ag over 1.2 m
50.00 51.00 1.00 0.13** 0.5
51.00 51.90 0.90 0.95** 0.8
LC19-116           No Significant Results
LC19-117 52.50 53.80 1.30 0.34** 2.8 Anomalous Values
LC19-118 40.50 41.50 1.00 0.13** 1.6 1.81 g/t Au and 3.4 g/t Ag over 1.0 m
41.50 42.50 1.00 0.08** 0.8
42.50 43.50 1.00 0.31** 1.0
43.50 44.50 1.00 1.81** 3.4
44.50 45.50 1.00 0.22** 1.0
45.50 46.50 1.00 0.20** 0.6
46.50 47.50 1.00 0.19** 0.5
LC19-119           No Significant Results
LC19-120 9.50 10.60 1.10 0.10** 2.5 Anomalous Values La Fortuna
10.60 12.00 1.40 0.44** 2.6
13.50 14.50 1.00 0.15** 0.6
40.00 41.60 1.60 0.34** 7.3
47.50 49.00 1.50 0.55 11.0
56.60 57.20 0.60 0.20** 43.2
57.20 28.20 1.00 0.16** 55.8
60.30 61.40 1.10 0.32** 1.3
67.30 68.50 1.20 0.13** 0.4
LC19-121 25.00 26.00 1.00 0.35** 0.6 Anomalous Values
29.80 31.00 1.20 0.38 0.5
LC19-122 5.50 7.00 1.50 0.11 0.3 Anomalous Values
LC19-123           Results Pending
LC19-124 27.70 28.70 1.00     Void SW
Extension of
Intermediate Zone
41.40 42.50 1.10     Void
199.80 200.60 0.80 8.68** 24.9 8.68 g/t Au and 24.9 g/t Ag over 0.8 m Down Dip
Extension of
Mango Zone
202.70 203.40 0.70 26.80** 50.1 26.80 g/t Au and 50.1 g/t Ag over 0.7 m
LC19-125           Results Pending SW
Extension of
Intermediate
Zone
LC19-126           Results Pending
LC19-127           Results Pending
LC19-128           Results Pending
LC19-129           Results Pending
LC19-130 92.20 93.70 1.50 0.80 1.2 Anomalous Values / Partially Received Results Mango Zone
94.90 96.10 1.20 0.18 0.5
96.10 97.00 0.90 0.10 0.7
LC19-131           No Significant Results
LC19-132 96.00 97.10 1.10 2.15 5.1 2.15 g/t Au and 5.1 g/t Ag over 1.1 m
LC19-133           Results Pending
LC19-134           Results Pending
LC19-135 62.10 63.50 1.40 56.80 70.3 56.80 g/t Au and 70.3 g/t Ag over 1.4 m
LC19-136           Results Pending
LC19-137           Results Pending
LC19-138           Results Pending
LC19-139           Results Pending
LC19-140           Results Pending
LC19-141 27.5 28 0.5 4.11 4.1 4.11 g/t Au and 4.1 g/t Ag over 0.5 m
61 61.5 0.5 3.22 4.5 3.22 g/t Au and 4.5 g/t Ag over 0.5 m
68.2 68.9 0.7 44.6 43.1 44.6 g/t Au and 43.1 g/t Ag over 0.7 m
LC19-142           Results Pending
LC19-143           Results Pending
LC19-144           Results Pending
LC19-145           Results Pending
LC19-146           Results Pending
LC19-147           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. *Lengths are reported as core lengths. True widths vary depending on drill hole dip, the veins are shallow dipping and typical true widths are 80-100% of the downhole width. **Indicates assays determined using the metallic screening method

 

 

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, 30 gram 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 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.  No top cut has been applied to the reported assay results.

 

Qualified Person

 

John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under National Instrument 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.

 

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.

 

 


Drilling at Las Conchitas Extends Near Surface, High-Grade Gold Mineralization, Highlighted by Intercepts of 56.8 g/t Gold Over 1.4 Meters and 44.6 g/t Gold Over 0.7 Meter at the Mango (CNW Group/Mako Mining Corp.)

 


Drilling at Las Conchitas Extends Near Surface, High-Grade Gold Mineralization, Highlighted by Intercepts of 56.8 g/t Gold Over 1.4 Meters and 44.6 g/t Gold Over 0.7 Meter at the Mango (CNW Group/Mako Mining Corp.)

 


Drilling at Las Conchitas Extends Near Surface, High-Grade Gold Mineralization, Highlighted by Intercepts of 56.8 g/t Gold Over 1.4 Meters and 44.6 g/t Gold Over 0.7 Meter at the Mango (CNW Group/Mako Mining Corp.)

 

Posted January 6, 2020

Share this news article

MORE or "UNCATEGORIZED"


Talisker Closes $9.15 Million Private Placement

Talisker Resources Ltd. (TSX: TSK) (OTCQB: TSKFF) is pleased to a... READ MORE

August 11, 2022

GoGold Releases 2022 Q3 Financial Results

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) is pleased to an... READ MORE

August 11, 2022

Bunker Hill Discovers High-Grade Silver Mineralization

HIGHLIGHTS New high-grade silver and lead vein system discovered ... READ MORE

August 11, 2022

Goliath Drills 59.1 Meters of Continuous Sulphide Mineralization Confirming a Mineralized Footprint of 5.25 Square Kilometers; System Remains Wide Open in All Directions

Drill Highlights: 100% of all holes completed to date on the Sure... READ MORE

August 11, 2022

Titan Reports Record Production from Empire State Mines on Q2 2022 Results

Titan Mining Corporation (TSX: TI) announces the results for the... READ MORE

August 11, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News