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Be the first with the news that moves the market- Mako Mining Corp (MKO) has intersected further gold at its San Albino-Murra Property in Nicaragua
- Results are from its recent definition and expansion drilling program at the Las Conchitas area of the project
- That area is immediately south of the San Albino Mine, currently in commercial production
- The Vancouver-based resource company intersected 25.81 grams per tonne of gold over 1.1. metres at the Conchitas North target
- Mako Mining is up 7.14 percent, trading at $0.22 at 11:19 am ET
Mako Mining Corp (MKO) has intersected further gold at its San Albino-Murra Property in Nicaragua.
Results are from its recent definition and expansion drilling program at the Las Conchitas area of the project.
That area is immediately south of the San Albino Mine, currently in commercial production, and north of the historical El Golfo Mine.
The Vancouver-based resource company intersected 25.81 grams per tonne of gold over 1.1. metres at the Las Conchitas North target.
It currently has five of its seven diamond drill rigs in the Las Conchitas area, subdivided into three primary areas, including Las Conchitas North.
To date, a total of 63,136 metres have been completed in 610 diamond drill holes within the entire Las Conchitas area.
“At Las Conchitas – Central, hitting 15.3 g/t Au over 6.7 meters ETW, less than 70 meters from surface is a great result for the Company. More importantly, this is showing continuity, with similar grades and widths over significant strike and dip extensions from this hole. LC-C is still a relatively untested area of Las Conchitas, but it is shaping up to be yet another high grade and open-pittable target across our 188 square kilometer land package. Additional results at Las Conchitas are showing continuity along strike and down dip, and will be important as Mako continues the process of updating our resource in Q1 2023 to include all of these areas within Las Conchitas which were not included in any previous resource estimate,” said Akiba Leisman.
Mako Mining is up 7.14 percent, trading at $0.22 at 11:19 am ET.
