Mako measures gold resource over 177K Oz

San Albino, a highest-grade open pit in the world! 

Mako Mining Corp reports the results of an updated mineral resource estimate prepared by Mine Development Associates (MDA), a division of RESPEC, out of Reno, Nevada, at Mako’s wholly-owned San Albino gold project located in Nueva Segovia, Nicaragua. This updated technical report is part of the corporate objectives established for Mako following the management changes that were announced in 2019. 

 In 2019, an infill drill program was initiated, which grew to over 24,000 meters that focused primarily on the first 120 m from surface at San Albino.  Mako Mining Reports Results of an Updated Mineral Resource Estimate for San Albino by highlighting a Measured and Indicated Resource of 177,800 Ounces with a Diluted Grade of 10.21 g/t Gold.

MDA believes that the exploration procedures, sampling and data derived by Mako is high quality and that the Company’s internal geological model was sound and required few changes.  MDA has also been retained to begin evaluating the exploration work being performed at the Las Conchitas area, with the goal of preparing a maiden mineral resource estimate.

Akiba Leisman, Chief Executive Officer of Mako states that “this updated technical report confirms San Albino’s rank among the highest-grade open pit gold projects in the world. 

Importantly, it is the first time a mineral resource estimate has been calculated at San Albino where the domains used for estimation are an accurate representation of the geological controls that define the high-grade mineralization.  

In addition, MDA, led by Principal Geologist Steve Ristorcelli, has conservatively reflected the selective open pit mining methods presently being utilized at San Albino, such that management has confidence that the fully diluted open pit grade of 9.54 g/t Au in the Measured and Indicated categories can be met or exceeded when mined.  

It should also be noted that the mineralization at San Albino remains open along strike and at depth, and that while a substantial portion of the underground resource in the Inferred mineral resource category from the 2015 PEA was not included in this resource update, it is in part due to the lack of drilling below 120 m at San Albino since 2013. 

The Company plans to begin addressing the underground potential at San Albino in 2021 and looks forward to continuing to work with MDA on future mineral resource estimates at San Albino, Las Conchitas and other exploration targets on our approximately 188 square kilometer land package.”