Mako Mining has reported additional high-grade drill results from an area beginning approximately 50m southwest of the current open pit mining operations at the San Albino West Pit in northern Nicaragua. Recent drilling has confirmed gold mineralization over an area of approximately 530m x 470m in an area that was identified in the 2020 Mineral Resource Estimate as the SW Pit. At the time of the resource estimate, this area measured approximately 50m x 50m. Mako Mining CEO Akiba Leisman said “when we updated our mineral resource estimate in 2020, we intentionally limited significant intercepts if we did not have complete confidence in the geological continuity of a specific zone. The SW Pit was reduced to a de minimis size despite expecting that these excluded areas would inevitably be included in subsequent mineral resource updates with additional drilling. These high grade and shallow results have both established geological continuity and extended areas of mineralization beyond anything that has been drilled to date. Specifically, hole SA22-615, which intersected 42.9 g/t gold over 4.1m estimated true width only 35.5m from surface, was drilled just outside our permitted pit, and directly underneath our mining contractor’s workshop. Plans to move this workshop are currently underway to support future mining activities in this area.”Mako Mining operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally. Mako’s primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.
Mako Mining has reported additional high-grade drill results from an area beginning approximately 50m southwest of the current open pit mining operations at the San Albino West Pit in northern Nicaragua. Recent drilling has confirmed gold mineralization over an area of approximately 530m x 470m in an area that was identified in the 2020 Mineral Resource Estimate as the SW Pit. At the time of the resource estimate, this area measured approximately 50m x 50m. Mako Mining CEO Akiba Leisman said “when we updated our mineral resource estimate in 2020, we intentionally limited significant intercepts if we did not have complete confidence in the geological continuity of a specific zone. The SW Pit was reduced to a de minimis size despite expecting that these excluded areas would inevitably be included in subsequent mineral resource updates with additional drilling. These high grade and shallow results have both established geological continuity and extended areas of mineralization beyond anything that has been drilled to date. Specifically, hole SA22-615, which intersected 42.9 g/t gold over 4.1m estimated true width only 35.5m from surface, was drilled just outside our permitted pit, and directly underneath our mining contractor’s workshop. Plans to move this workshop are currently underway to support future mining activities in this area.”Mako Mining operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally. Mako’s primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.
