Drilling at Las Conchitas Extends Near Surface, High-Grade GOLD Mineralization Across Multiple Intercepts at the Bayacun Zone, Highlighted BY 84.64 G/T GOLD over 1.6 Meters
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595 Burrard Street, Suite 2833
Vancouver, BC V7X 1K8
Tel: (604) 646-1580
www.makominingcorp.com
TSX-V: MKO | OTCQB: MAKOF
March 25, 2020
PRESS RELEASE - #20-5
TSX-V: MKO; OTCQB: MAKOF
DRILLING AT LAS CONCHITAS EXTENDS NEAR SURFACE, HIGH-GRADE GOLD
MINERALIZATION ACROSS MULTIPLE INTERCEPTS AT THE BAYACUN ZONE,
HIGHLIGHTED BY 84.64 g/t GOLD OVER 1.6 METERS
Mako Mining Corp. (TSX-V: MKO; OTCQB: MAKOF) (“Mako” or the “Company”) is pleased to report positive
drill results from 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 148 shallow drill holes totaling 11,450.1 meters (“m”) within the Las Conchitas area.
This press release includes six holes with assay results from the Bayacun Zone (see attached map) . All six holes
intersected gold-bearing structure s at the predicted locations, confirming both la teral and vertical continuity.
Importantly, five of the six holes intersected gold grades in excess of 23 g/t Au as highlighted below (ranked by grade
x thickness).
• LC20-181: 84.64 g/t Au and 80.2 g/t Ag over 1.60 m, 80 m from surface
• LC20-183: 25.78 g/t Au and 18.3 g/t Ag over 3.85 m, 45 m from surface
• LC20-182: 24.85 g/t Au and 18.0 g/t Ag over 2.10 m, 107.5 m from surface
• LC20-164: 23.57 g/t Au and 20.5 g/t Ag over 1.20 m, 35 m from surface
• LC20-163: 37.90 g/t Au and 14.8 g/t Ag over 0.50 m, 55.5 m from surface
The highest grade interval reported in this press release comes from hole LC20-181, which was designed to test the
strike extension of the Bayacun Z one encountered in previous drilling . Specifically, LC20 -181 intersec ted the
Bayacun Zone 35 m northeast of hole LC20-162, which returned 30.61 g/t Au and 37.1 g/t Ag over 3.4 m (see attached
cross section and press release dated March 11, 2020).
From the same drill pad, vertical drill hole LC20-182 intersected 24.85 g/t Au and 18.0 g/t Ag over 2.10 m and
extended the down-dip length of mineralization from a surface exposure down to 140 m (see attached cross section).
Results to date from the Bayacun Zone indicate approximate dimensions of 70 m along strike by 110 m down dip
and continues to be open along strike and at depth.
Akiba Leisman, Chief Executive Officer of Mako states, “ every hole referenced in this press release hit significant
gold mineralization with grades as high as 84.6 g/t Au over 1.6 m. The Bayacun Zone of the Las Conchitas area is
proving to be a predictable and high -grade target at relatively shallow depths. Even th ough precautions are being
taken across our Nicaraguan operations to reduce the threat of COVID -19, a drill rig will continue to focus on
exploration drilling at Las Conchitas with the goal of delineating a maiden resource next calendar year.”
The thickest intercept was encountered in hole LC20-183, which intersected 25.78 g/t Au and 18.3 g/t Ag over 3.85
m, approximately 45 m from surface. LC20-183 was designed to test the strike extension from holes LC20-181 and
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182 for an additional 60 m and the down-dip extension of the mineralized zone intersected by holes LC19-104 and
LC19-105, which returned 42.79 g/t Au and 59.9 g/t Ag over 1.70 m and 19.34 g/t Au and 13.6 g/t Ag over 4.90 m,
respectively (see press release dated September 10, 2019).
Additionally, LC20-183 intersected a highly mineralized zone approximately 95 m down-dip from an exploration pit
at the Rosibel Zone, where a shallow -dipping quartz vein was exposed. Vertical sampling of the zone in the pit
returned 29.30 g/t Au and 44.7 g/t Ag over 1.5 m.
This press release contains results from six holes totaling 537 m drilled into the Bayacun Zone . There are 19
additional drill holes still awaiting assay results from the Bayacun Zone.
Las Conchitas Assay Results Reported In This Press Release
Drill Hole From
(m)
To
(m)
Width
(m)*
Au
(g/t)
Ag
(g/t) Interval Average Zone
LC20-163 55.50 56.00 0.50 37.90 14.8 37.90 g.t Au and 14.8 g/t Ag over 0.50 m
Bayacun
LC20-164 52.90 53.60 0.70 10.40 8.2 23.57 g/t Au and 20.5 g/t Ag over 1.20 m 53.60 54.10 0.50 42.00 37.7
LC20-167
50.20 51.00 0.80 0.49 1.1
3.50 g/t Au and 15.4 g/t Ag over 3.00 m 51.00 52.00 1.00 8.77 11.4
52.00 53.00 1.00 0.12 1.6
53.00 54.00 1.00 1.61 33.2
LC20-181 91.65 92.35 0.70 113.50 119.0 84.64 g/t Au and 80.2 g/t Ag over 1.60 m 92.35 93.25 0.90 62.20 50.0
LC20-182 107.50 108.30 0.80 11.60 10.3 24.85 g/t Au and 18.0 g/t Ag over 2.10 m 108.30 109.60 1.30 33.00 22.7
LC20-183
60.65 61.50 0.85 18.80 8.9
25.78 g/t Au and 18.3 g/t Ag over 3.85 m 61.50 62.80 1.30 51.50 33.6
62.80 63.50 0.70 21.70 24.7
63.50 64.50 1.00 1.14 2.0
The mineralized intervals shown above utilize a 1.0 g/t gold cut -off grade with not more than 1.0 meter of internal
dilution. *Lengths are reported as core lengths. True widths vary depending on drill hole dip, the veins are shallow
dipping and typical true widths are 80-100% of the downhole width.
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Sampling, Assaying, QA/QC and Data Verification
Drill core was continuously sampled from inception to termination of the drill hole. Sample intervals were typically
one meter. Drill core diameter was HQ (6.35 centimeters). Geologic and geotechnical data was captured into a
digital database, core was photographed, then one -half split of the core was collected for analysis and one -half was
retained in the core library. Samples were kept in a secured loggi ng and storage facility until such time that they
were delivered to the Managua facilities of Bureau Veritas and pulps were sent to the Bureau Veritas laboratory in
Vancouver for analysis. Gold was analyzed by standard fire assay fusion, 30 gram aliquot, AAS finish. Samples
returning over 10.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric method. Due to the presence of
coarse gold, the Company has used 500-gram metallic screened gold assays for analyzing samples from mineralized
veins and samples immediately above and below drilled veins. This method, which analyzes a larger sample, can be
more precise in high-grade vein systems containing coarse gold. All reported drill results in this press release using
the metallic screening method are indicated. The Company follows industry stan dards in its QA&QC procedures.
Control samples consisting of duplicates, standards, and blanks were inserted into the sample stream at a ratio of 1
control sample per every 10 samples. A nalytical results of control samples confirmed reliability of the assay data.
No top cut has been applied to the reported assay results.
Qualified Person
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John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under National Instrument 43-101) has read
and approved the technical information contained in this press release. Mr. Kowalchuk is a senior geologist and a
consultant to the Company.
On behalf of the Board,
Akiba Leisman
Chief Executive Officer
About Mako
Mako Mining Corp. is a publicly listed gold mining, development and exploration firm. The Company is developing
its high-grade San Albino gold project in Nueva Segovia, Nicaragua. Mako’s primary objective is to bring San Albino
into production quickly and efficiently, while continuing exploration of prospective targets in Nicaragua.
For further information: Mako Mining Corp., Akiba Leisman, Chief Executive Officer, Telephone: 203-862-7059,
E-mail: [email protected] or visit our website at www.makominingcorp.com and SEDAR
www.sedar.com.
Forward-Looking Statem ents: Some of the statements contained herein may be considered “forward -looking information”
within the meaning of applicable securities laws. Forward -looking information is based on certain expectations and
assumptions, including that the results pending from the remaining 19 additional drill holes for which the Company is awaiting
results from the laboratory will support strike and dip continuity of gold mineralization; that the Company’s exploration
programs will be successfully completed; that a maiden resource at the Las Conchitas are may be delineated as a result of the
Company’s 2020 drilling; and that the Company will be successful in any financing plans necessary for drilling and construction
at the San Albino project. Such forward-looking information is subject to a variety of risks and uncertainties which could cause
actual events or results to differ materially from those reflected in the forward-looking information, including, without limitation,
the risks that additional satisfactory explorat ion results at the Bayacun Zone will not be obtained; the risk that the Company’s
drilling at Las Conchitas in 2020 will not delineate a maiden resource at the Las Conchitas area; that exploration results will
not translate into the discovery of an economically viable deposit; risks and uncertainties relating to political risks involving the
Company’s exploration and development of mineral properties interests; the inherent uncertainty of cost estimates and the
potential for unexpected costs and expense; co mmodity price fluctuations, the inability or failure to obtain adequate financing
on a timely basis and other risks and uncertainties. Such information contained herein represents management’s best judgment
as of the date hereof, based on information curre ntly available and is included for the purposes of providing investors with the
Company’s plans and expectations at its San Albino project and the Las Conchitas area, and may not be appropriate for other
purposes.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.