ENPNewswire-May 7, 2020--Mako Mining Corp. - Infill Drilling at Arras Zone within San Albino Intersects 30.27 gt Gold over 4.2 Meters 2 Meters from Surface
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Release date- 06052020 - Mako Mining Corp. (TSX-V: MKO; OTCQB: MAKOF) ('Mako' or the 'Company') is pleased to report positive results from infill drilling at its wholly-owned San Albino gold project ('San Albino') located in Nueva Segovia, Nicaragua.
To date, 5,491.90 meters ('m') of drilling in 134 diamond drill holes has been completed within the Arras Zone, which is the area outlined by the Central and Northeast pits in the Company's preliminary economic assessment ('PEA'), dated April 29, 2015 and available under the Company's profile on SEDAR at www.sedar.com, with assays reported for 28 of these holes in this press release.
The 2019-20 drilling program targeting the Arras Zone was focused on identifying shallow mineralization that can augment the initial phase of mining at the West pit. The Company followed a systematic approach of drilling shallow holes every 20 m along strike and 20-40 m down dip. The results indicate a zone of approximately 80 m along strike by 100 m down dip with grades and thickness that are variable within the zone. Importantly, the Arras Zone remains open down dip with previous wide-spaced drilling intersecting the zone at over 600 m down dip.
The highlights of this press release are drill holes AR20-162 and AR20-166. Both holes were drilled to test mineralization encountered in tunnel AR13-TNL-03, which had a couple of channel samples of vein material that assayed over 30 g/t Au. Drill hole AR20-162 tested the surface expression of the vein exposed in tunnel AR13-TNL-03 and drill hole AR20-166 tested the same vein along the strike and down dip.
AR20-162 intersected 30.27 g/t Au and 31.2 g/t Ag over 5.5 m (4.2 m estimated true width) approximately 2 m from surface. This hole tested the surface expression of the vein encountered in tunnel AR13-TNL-03. Results from AR20-162 indicate a similar grade approximately 10 m up dip over a wider interval.
AR20-166 was collared approximately 36 m north and down dip from AR20-162 and intersected a zone with an estimated true thickness of 2.7 m approximately 1.5 m from surface. The mineralized zone encountered in AR20-166 had a total of five significant intercepts although the drill hole had poor recovery and possibly encountered several historic workings. The two...