High-Grade Gold Intercepts at the Bayacun Zone
Mako Mining Corp reports positive drill results from the Bayacun Zone within 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 2020 drill program at Las Conchitas is to focus on the most promising zones of near surface, shallow dipping, high-grade gold mineralization in order to delineate a maiden resource estimate. Since 2019, the Company has completed 65 shallow diamond drill holes totaling 4,351.70 meters within the Bayacun Zone, which is among the most promising zones within the Las Conchitas area. A total of 15,052.75 m within 197 holes have been drilled at Las Conchitas since the start of the 2019-20 drilling campaign.
This includes 23 holes with assay results from the Bayacun Zone. Additionally, the Company has previously released assay results from 15 holes from the Bayacun Zone. A breakdown of the 38 holes reported to date. In addition to drilling, assay results from sampling within exploration pit LC20-EP142 indicate that the strike dimensions of the Bayacun Zone have the potential of being meaningfully expanded.
Akiba Leisman, Chief Executive Officer of Mako states, “these high-grade shallow intercepts at Bayacun have been extremely predictable now that our understanding of the geologic controls at this zone have been refined. Although the results at Bayacun are noteworthy, it is important to remember that Bayacun is only a part of the overall Las Conchitas area.
There remain a multitude of targets at Las Conchitas that have seen promising results with only limited drilling, and our overall goal is to link these targets together into a maiden resource to supplement mining activities a few kilometers to the north at San Albino.”
