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Wednesday, Feb 8, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Gold

Mako Mining intersects high-grade gold results at Nicaragua site

33.91 g/t Au over 1.7 m and 12.73 g/t Au over 4.2 m were noteworthy findings

Mako Mining intersects high-grade gold results at Nicaragua site
San Albino plant, Nicaragua. Photo via Mako Mining

Mako Mining Corp. (TSX-V: MKO) (OTCQX: MAKOF) recently intersected high concentrations of gold mineralization during its latest expansion drilling program in Nicaragua.

On Tuesday, the Vancouver gold company announced finding 33.91 g/t Au over 1.7 metres.

The drilling program also yielded additional high-grade gold results and 3,792 g/t of silver over 1 metre at the Las Conchitas area of the company’s San Albino-Murra property.

Read more: NevGold starts drilling at Nutmeg Mountain property

Read more: 2023 will be a ‘very strong’ year for gold mining: NevGold

The Las Conchitas area of the company’s wholly-owned property is located directly south of the San Albino Mine, currently in the midst of commercial production. Mako says that San Albino is one of the highest-grade open-pit gold mine’s on earth.

Additional gold and silver intercepts from the recent drilling program include the following:

  • 16.56 g/t Au and 38.8 g/t Ag over 1.80 metres Estimated True Width (ETW)
  • 24.10 g/t Au and 44.8 g/t Ag over 0.90 metres (0.8m ETW)
  • 22.60 g/t Au and 21.4 g/t Ag over 0.70 metres (0.6m ETW)
  • 33.91 g/t Au and 30.0 g/t Ag over 2.00 metres (1.7m ETW)
  • 12.73 g/t Au and 24.7 g/t Ag over 6.00 metres (4.2m ETW)

“Las Conchitas continues to yield high-grade, near-surface intercepts. Additionally, we intersected a completely different style of mineralization, containing high-grade silver across all areas of Las Conchitas, with grades up to 3,792 g/t Ag over 1.0m,” said Akiba Leisman, CEO of Mako Mining.

“We will continue to investigate the significance of these silver results, which may have a positive impact on the economics of the mine.”

Read more: NevGold issues $1.5M in shares to GoldMining Inc. for Nutmeg Mountain project

Read more: NevGold’s oxide gold drill program in Nevada finds positive results

NevGold Corp. (TSX-V: NAU) (OTCQX: NAUFF) (FSE: 5E50) is another Vancouver-based gold producer with a robust pipeline of exploration and investment opportunities.

The company has been observing consistent positive results in recent days from its ongoing drilling at the Limousine Butte project in Nevada.

Between its Nevada and Idaho operations, NevGold plans to be able to deliver north of a 3 million ounce near surface oxide gold resource by the end of June this year.

 

NevGold is a sponsor of Mugglehead news coverage

 

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