Infill Drilling at the Arras Zone at San Albino Intersects 24.02 g/t Gold Over 4.4 Meters (Estimated True Width) 15 Meters from Surface and Outside the Resource Pit Shell
LEGAL*52716275.1
March 29, 2021
TSX-V: MKO; OTCQX: MAKOF
Infill Drilling at the Arras Zone at San Albino Intersects 24.02 g/t Gold Over 4.4 Meters
(Estimated True Width) 15 Meters from Surface and Outside the Resource Pit Shell
Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) (“Mako” or the “Company”) is pleased to report
positive drill results from infill drilling at the Arras Zone within its San Albino gold project (“San Albino”)
in northern Nicaragua.
The objective of the drill program at the Arras Zone is to increase the level of c onfidence in the currently
defined resources and to define additional, shallow, high-grade resources.
The Company is following a systematic approach of drilling shallow holes by spacing them approximately
every 10 meters (“m”) along strike and every 10-15 m down dip. During 2021, over 2,645 m have been
drilled at the Arras Zone in 65 diamond drill holes.
The Arras Zone is located approximately 170 m to the east of the San Albino West Pit, which is currently
being mined by the Company. Mineral resources in the Arras Zone account for only 10.9% of the total
Measured and Indicated and 26.5% of the Inferred mineral resources estimated by Mine Development
Associates (“MDA”), a division of RESPEC, out of Reno, Nevada. A technical report for the updated
mineral resource estimate (the “MDA Resource”) was filed in accordance with National Instrument 43-
101, Standards of Disclosure for Mineral Projects (“NI 43-101”) under the Company’s SEDAR profile at
www.sedar.com and available on the Company’s website at www.makominingcorp.com (see press release
dated October 19, 2020).
Highlights
Select intercepts of shallow high-grade mineralization include:
o 24.02 g/t Au and 29.5 g/t Ag over 5.10 m (4.4 m estimated true width), approximately 15
m from surface, in drill hole AR21-284. This interval was intersected below the resource
pit shell of the MDA Resource.
o 15.27 g/t Au and 19.5 g/t Ag over 3.30 m (3.0 m estimated true width), approximately 3.4
m from surface and 7.18 g/t Au and 16.0 g/t Ag over 1.20 m (1.1 m estimated true width),
approximately 14.3 m from surface, in drill hole AR21-253.
o 19.70 g/t Au and 16.3 g/t Ag over 1.00 m (0.9 estimated true width), in drill hole AR21-
311. This zone is located immediately above a 2 m historical working indicating the zone
is likely wider than the 1 m intersected in AR21-311.
o 9.99 g/t Au and 10.8 g/t Ag over 2.70 m (2 .5 m true width) appr oximately 24.3 m from
surface and 16.71 g/t Au and 19.4 g/t Ag over 2.40 m (1.8 m true width) approximately
29.3 m from surface, in drill hole AR21-319.
LEGAL*52716275.1
Akiba Leisman, Chief Executive Officer of Mako states that, “we are continuing to systematically drill the
Arras Zone, which we plan to begin mining next calendar year. The Arras Zone is more complex than the
nearby San Albino Zone currently being mined, but despite the complexity, it is yielding positive surprises.
For example, the shallow intercept of 24.02 g/t gold over 4.4 meters true width in hole AR21-284, which
lies outside the current MDA Resource and is open dow n dip where limited drilling has been completed.
We expect this infill program to have a positive imp act on the size of the Cent ral Pit which encompasses
the Arras Zone.”
Specific comments on significant results reported in this press release are as follows:
The infill-drilling results continue to demonstrate structural continuity and the resource expansion potential
of the Arras Zone which has now been measured over a strike length of approximately 380 m and
approximately 700 m down dip (see attached drill plan). Continuity of individual areas along strike and
down dip varies between 30-50 meters. The Arras Zone remains open down dip.
Drill hole AR21-284, at 14.5 m vertical depth (see attached cross section) intersected 24.02 g/t Au and 29.5
g/t Ag over 5.10 m (4.4 m estimated true width). An interpretation of the drill results indicates that the
Arras Zone is affected by subvertical faults, as well as low angle thrust faults. Locally, the low angle faults
appear to offset the vein in a manner that produces thickening or duplication of the mineralized zone. The
results of hole AR21-284 also confirmed the lateral and down dip continuity of the modeled vein domain.
This interval was located below the resource pit shell of the MDA Resource.
Several drill holes intersected multiple mineralized intervals. Drill hole AR21-295, intersected two
mineralized intervals. The first was at 20 m below surface with assays of 13.22 g/t Au and 23.0 g/t Ag over
1.50 m (1.1 m estimated true width) and the second in terval was approximately 5 m below the first with
assays of 2.59 g/t Au and 21.9 g/t Ag over 0.80 m (0.3 m estimated true width).
AR21-319 intersected two mineralized intervals separat ed by 2.3 m of anomalous material. The first
interval was at 24.3 m below surface with assays of 9. 99 g/t Au and 10.8 g/t Ag over 2.70 m (2.5 m true
width). The second interval was at 29.3 m below surf ace and assayed 16.71 g/t Au and 19.4 g/t Ag over
2.40 m (1.8 m true width).
AR21-253 intersected a mineralized interval 3.4 m below surface that assayed at 15.27 g/t Au and 19.5 g/t
Ag over 3.30 m (3.0 m estimated true width). At 14 m below surface, a second interval assayed at 7.18 g/t
Au and 16.0 g/t Ag over 1.20 m (1.1 m estimated true width). The mineralized intervals are located directly
below historical dump material which assayed 3.38 g/t Au and 9.1 g/t Ag over 3.4 m.
Historical dump material has been mapped throu gh trenching and drilling over approximately 365 m,
generally following a local valley (see attached drill plan). Drilling indicates the historical dump can extend
up to 7.0 m in depth with an average width of 1.5 m. Often this material contains remnants of a mineralized
vein. Assay results of 108 channel samples from 13 exploration pits in the historical dump material reported
a weighted average of 1.78 g/t Au and 4.2 g/t Ag w ith the highest values of 20.40 g/t Au and 17.3 g/t Ag
over 1.0 m. Assay results from drilling of the historical dump material are shown in the table below.
While the Arras Zone has had historical mining, drilling has confirmed that most of the historical mining
activities were limited to superficial workings which pa rtially explains the sporadic continuity in the
shallow drill holes. Many drill holes intersected the remn ants of the vein and confirmed that the vein is
only partially removed. AR21-311 intersected a 2 m wide historical working with a portion of the preserved
mineralized vein, which assayed at 19.70 g/t Au and 16.3 g/t Ag over 1.00 m (0.9 m estimated true width)
above the void and 2.44 g/t Au and 4.1 g/t Ag over 3.00 m (2.3 m estimated true width) below the void.
LEGAL*52716275.1
Assay Results Reported in This Press Release
Drill Hole From
(m)
To
(m)
Width
(m)*
Au
(g/t)
Ag
(g/t)
Interval
(m)
True
Width
(m)**
AR19-133 20.50 21.80 1.30 5.13 3.9 5.13 g/t Au and 3.9 g/t Ag over 1.30m 1.00
AR19-138 17.15 18.50 1.35 9.63 30.9 9.63 g/t Au and 30.9 g/t Ag over 1.35m 1.20
AR19-152 1.30 2.70 1.40 2.18 13.2 Historical Dump 1.40
AR19-153
1.50 3.00 1.50 12.90 9.9
Historical Dump 2.50 3.00 4.50 1.50 8.57 55.3
4.50 6.00 1.50 6.32 24.6
6.00 7.70 1.70 5.77 21.3
7.70 9.00 1.30 1.02 8.1 1.02 g/t Au and 8.1 g/t Ag over 1.30m 0.50
AR19-154 0.00 1.50 1.50 4.72 4.9 4.72 g/t Au and 4.9 g/t Ag over 1.50m 1.10
AR19-155 9.55 11.50 1.95 2.14 6.0 2.14 g/t Au and 6.0 g/t Ag over 1.95m 1.80
AR20-167 0.00 1.00 1.00 1.82 16.3 Historical Dump 1.00 2.00 1.00 1.48 30.3
AR20-168 0.00 1.50 1.50 6.44 13.9 Historical Dump 1.35
AR20-169 1.50 3.00 1.50 1.26 2.8 Historical Dump 1.40
AR20-174 0.00 1.50 1.50 2.73 12.0 Historical Dump 1.40
AR20-175 0.00 1.50 1.50 2.08 9.4 Historical Dump 1.30
AR20-178 0.00 1.00 1.00 2.80 23.3 2.80 g/t Au and 23.3 g/t Ag over 1.00m 0.80
AR20-183 0.00 1.50 1.50 0.43 4.2 Historical Dump 1.50 3.00 1.50 0.39 3.2
AR20-191 4.50 6.00 1.50 1.57 3.1 1.57 g/t Au and 3.1 g/t Ag over 1.50m 1.40
AR20-206 0.00 1.50 1.50 2.25 13.9 Historical Dump
AR20-207 2.00 3.50 1.50 1.48 7.2 Historical Dump
AR20-211 0.00 1.10 1.10 6.19 13.1 6.19 g/t Au and 13.1 g/t Ag over 1.10m 1.10
AR20-216 1.50 3.00 1.50 0.95 7.9 Historical Dump 3.00 4.50 1.50 0.70 23.7
AR20-217
0.00 1.30 1.30 0.14 1.4
Historical Dump 1.30 4.20 2.90 0.12 3.2
4.20 5.00 0.80 0.13 7.1
AR20-220 30.65 34.05 3.40 Void
AR20-227 0.00 1.50 1.50 1.73 1.3 Historical Dump
AR20-228 7.50 8.90 1.40 5.27 7.1 5.27 g/t Au and 7.1 g/t Ag over 1.40m
AR20-230 3.00 4.50 1.50 21.90 12.9 13.05 g/t Au and 18.8 g/t Ag over 3.00m 4.50 6.00 1.50 4.20 24.6
AR20-241 7.50 8.50 1.00 1.84 2.4 1.84 g/t Au and 2.4 g/t Ag over 1.00m
14.25 15.50 1.25 2.62 4.0 2.62 g/t Au and 4.0 g/t Ag over 1.25m
AR20-242 7.55 8.80 1.25 1.45 3.1 1.45 g/t Au and 3.1 g/t Ag over 1.25m
AR20-244 9.60 10.35 0.75 1.46 2.2 1.46 g/t Au and 2.2 g/t Ag over 0.75m 0.70
AR20-246 4.20 5.50 1.30 1.66 2.3 1.56 g/t Au and 2.3 g/t Ag over 2.80m 5.50 7.00 1.50 1.47 2.2
AR20-248 5.50 6.50 1.00 12.80 9.6 12.8 g/t Au and 9.6 g/t Ag over 1.00m 0.90
LEGAL*52716275.1
AR20-249
2.00 3.00 1.00 2.31 6.4 Historical Dump 3.00 4.00 1.00 2.49 5.5
13.50 17.50 Void
17.50 18.20 0.70 7.50 12.3 Muck
AR20-250
0.00 1.50 1.50 0.95 3.8 1.27 g/t Au and 5.1 g/t Ag over 3.00m 1.50 3.00 1.50 1.59 6.3
6.00 7.00 1.00 1.17 7.2 1.17 g/t Au and 7.2 g/t Ag over 1.00m 0.90
8.30 11.00 2.70 Void
AR20-251
0.00 1.50 1.50 2.89 10.4
Historical Dump 1.50 2.50 1.00 3.15 22.0
2.50 4.00 1.50 6.40 10.1
4.00 4.90 0.90 2.69 1.7
4.90 6.00 1.10 0.19 0.7 Anomalous Values 6.00 7.00 1.00 0.13 1.5
7.00 8.00 1.00 9.50 5.9 9.5 g/t Au and 5.9 g/t Ag over 1.00m 1.00
8.00 9.00 1.00 0.97 4.4
Anomalous Values 9.00 9.60 0.60 0.78 5.1
9.60 10.50 0.90 0.10 3.6
10.50 12.00 1.50 3.97 7.8 3.97 g/t Au and 7.8 g/t Ag over 1.50m 1.40
AR20-252
0.00 1.50 1.50 6.85 29.2
Historical Dump 1.50 3.00 1.50 1.45 4.9
3.00 4.50 1.50 0.38 10.7
4.50 5.50 1.00 0.26 4.3
Anomalous Values 5.50 6.50 1.00 0.13 1.5
6.50 7.50 1.00 0.18 1.8
7.50 8.20 0.70 6.44 12.1 6.44 g/t Au and 12.1 g/t Ag over 0.70m 0.60
AR20-253
0.00 1.50 1.50 5.39 6.6
Historical Dump 1.50 2.50 1.00 2.53 3.7
2.50 3.40 0.90 0.97 19.3
3.40 4.50 1.10 2.04 6.0
15.27 g/t Au and 19.5 g/t Ag over 3.3m 3.00 4.50 5.60 1.10 41.60 47.7
5.60 6.70 1.10 2.19 4.7
14.30 15.50 1.20 7.18 16.0 7.18 g/t Au and 16.0 g/t Ag over 1.20m 1.10
AR20-254
0.00 1.50 1.50 5.53 10.2
Historical Dump 1.50 3.00 1.50 9.20 10.2
3.00 4.50 1.50 1.87 8.4
4.50 6.00 1.50 8.84 42.5
AR20-255 1.50 3.00 1.50 2.94 6.6 Historical Dump
17.50 19.00 1.50 5.39 2.1 5.39 g/t Au and 2.1 g/t Ag over 1.50m 1.30
AR20-257 32.00 33.00 1.00 5.63 9.3 5.63 g/t Au and 9.3 g/t Ag over 1.00m 0.70
AR20-258 13.40 14.00 0.60 2.68 8.0 2.68 g/t Au and 8.0 g/t Ag over 0.60m 0.50
AR20-259 14.90 15.60 0.70 19.30 38.5 10.23 g/t Au and 21.2 g/t Ag over 1.40m 1.30 15.60 16.30 0.70 1.16 3.8
AR20-260 9.20 10.50 1.30 6.79 16.7 6.79 g/t Au and 16.7 g/t Ag over 1.30m 1.20
25.50 26.00 0.50 20.60 44.2 20.60 g/t Au and 44.2 g/t Ag over 0.50m 0.50
LEGAL*52716275.1
AR20-274 44.00 44.80 0.80 3.35 7.5 3.35 g/t Au and 7.5 g/t Ag over 0.80m 0.70
AR20-275 40.00 40.60 0.60 3.13 6.7 3.13 g/t Au and 6.7 g/t Ag over 0.60m 0.50
43.30 44.15 0.85 4.45 4.2 4.45 g/t Au and 4.2 g/t Ag over 0.85m 0.60
AR20-276 34.50 35.30 0.80 1.89 3.3 1.89 g/t Au and 3.3 g/t Ag over 0.80m 0.60
38.60 39.00 0.40 48.00 26.1 48.00 g/t Au and 26.1 g/t Ag over 0.40m 0.30
AR20-277 31.65 32.10 0.45 18.10 12.7 18.10 g/t Au and 12.7 g/t Ag over 0.45m 0.40
AR20-278 29.70 31.00 1.30 1.66 3.6 1.66 g/t Au and 3.6 g/t Ag over 1.30m 1.10
AR20-279
21.20 22.00 0.80 2.49 7.1 2.19 g/t Au and 5.2 g/t Ag over 1.80m 1.70 22.00 23.00 1.00 1.94 3.7
34.00 35.00 1.00 4.32 9.5 4.32 g/t Au and 9.5 g/t Ag over 1.00m 0.90
AR20-281 41.60 42.00 0.40 16.20 36.8 16.20 g/t Au and 36.8 g/t Ag over 0.40m 0.30
AR20-282 27.70 28.30 0.60 9.83 8.7 9.83 g/t Au and 8.7 g/t Ag over 0.60m 0.60
41.00 41.50 0.50 11.80 12.9 11.80 g/t Au and 12.9 g/t Ag over 0.50m 0.50
AR21-283 0.00 1.30 1.30 1.50 5.7 Historical Dump
22.50 23.70 1.20 1.15 3.4 1.15 g/t Au and 3.4 g/t Ag over 1.20m 1.00
AR21-284
12.40 13.30 0.90 52.50 72.8
24.02 g/t Au and 29.5 g/t Ag over 5.10m 4.40
13.30 14.50 1.20 18.50 17.8
14.50 15.40 0.90 0.54 3.9
15.40 16.30 0.90 15.20 35.2
16.30 17.00 0.70 8.30 8.5
17.00 17.50 0.50 66.10 45.0
18.70 19.60 0.90 2.03 13.6 2.03 g/t Au and 13.6 g/t Ag over 0.90m 0.80
AR21-285 0.00 1.40 1.40 0.69 3.9 Historical Dump 1.40 2.50 1.10 0.48 38.9
AR21-286 0.00 1.50 1.50 1.20 3.7 Historical Dump 1.50 3.20 1.70 1.92 12.4
AR21-287
0.00 1.50 1.50 3.85 8.1
Historical Dump 1.50 3.00 1.50 4.36 43.7
3.00 4.10 1.10 3.20 61.2
AR21-288 0.00 1.40 1.40 7.47 10.5 Historical Dump
1.40 2.70 1.30 2.89 3.8 2.89 g/t Au and 3.8 g/t Ag over 1.30m 1.20
AR21-289
0.00 1.50 1.50 1.10 9.3 Historical Dump
16.20 16.80 0.60 3.03 11.8 3.03 g/t Au and 11.8 g/t Ag over 0.60m 0.50
18.00 19.00 1.00 2.77 10.0 2.77 g/t Au and 10.0 g/t Ag over 1.00m 0.90
AR21-290 0.00 2.00 2.00 12.20 30.9 Historical Dump
AR21-291 24.70 25.20 0.50 6.47 6.6 6.47 g/t Au and 6.6 g/t Ag over 0.50m 0.25
AR21-292 3.80 5.30 1.50 1.65 11.2 Historical Dump
AR21-293 15.30 16.00 0.70 2.18 7.4 2.18 g/t Au and 7.4 g/t Ag over 0.70m 0.70
34.30 34.80 0.50 8.19 12.5 8.19 g/t Au and 12.5 g/t Ag over 0.50m 0.50
AR21-294
13.10 13.80 0.70 1.68 8.7 4.13 g/t Au and 17.4 g/t Ag over 1.30m 1.10 13.80 14.40 0.60 6.98 27.5
35.70 36.30 0.60 1.13 4.5 1.13 g/t Au and 4.5 g/t Ag over 0.60m 0.10
AR21-295
23.00 23.45 0.45 3.70 10.9
13.22 g/t Au and 23.0 g/t Ag over 1.50m 1.10 23.45 23.90 0.45 34.00 54.6
23.90 24.50 0.60 4.77 8.3
LEGAL*52716275.1
28.70 29.50 0.80 2.59 21.9 2.59 g/t Au and 21.9 g/t Ag over 0.80m 0.30
AR21-297
3.40 4.00 0.60 0.77 3.6 Anomalous Values
4.00 6.80 2.80 Void
6.80 7.10 0.30 4.02 13.7
7.37 g/t Au and 12.1 g/t Ag over 1.17m 1.10 7.10 7.60 0.50 11.30 13.3
7.60 7.97 0.37 4.78 9.2
7.97 8.60 0.63 0.22 1.4 Anomalous Values
8.60 12.60 4.00 Void
AR21-298
0.00 0.50 0.50 2.11 6.7
Historical Dump 0.50 1.00 0.50 2.94 12.2
1.00 1.80 0.80 3.42 5.9
2.40 3.10 0.70 2.18 1.8 2.18 g/t Au and 1.8 g/t Ag over 0.70m 0.60
4.50 5.10 0.60 5.40 5.3 5.40 g/t Au and 5.3 g/t Ag over 0.60m 0.50
5.10 7.70 2.60 Void
7.70 8.40 0.70 3.94 6.4 3.94 g/t Au and 6.4 g/t Ag over 0.70m 0.60
14.70 17.90 3.20 Void
17.90 18.60 0.70 6.95 19.1
1.97 g/t Au and 5.2 g/t Ag over 4.75m 3.64
18.60 19.30 0.70 2.00 4.0
19.30 19.85 0.55 1.76 3.5
19.85 20.50 0.65 0.21 1.9
20.50 21.10 0.60 1.94 2.4
21.10 21.60 0.50 0.11 2.1
21.60 22.10 0.50 0.13 2.5
22.10 22.65 0.55 1.29 3.1
AR21-299
0.00 1.50 0.00 2.36 8.6 Historical Dump
3.50 4.50 4.50 3.07 21.8 Historical Dump
4.50 13.80 9.30 Void
AR21-303
6.70 7.50 0.80 2.71 11.2 2.30 g/t Au and 9.9 g/t Ag over 1.60m 1.50 7.50 8.30 0.80 1.90 8.5
8.30 11.40 3.10 Void
AR21-305 25.40 26.20 0.80 2.42 11.7 4.83 g/t Au and 17.7 g/t Ag over 1.50m 1.00 26.20 26.90 0.70 7.57 24.6
AR21-307 0.00 1.50 1.50 1.09 2.5 Historical Dump
AR21-308
0.00 1.50 1.50 4.09 1.8
Historical Dump 1.50 3.00 1.50 1.64 36.2
3.00 4.00 1.00 1.36 42.9
4.00 5.20 1.20 2.52 20.3
5.20 5.80 0.60 41.50 24.5 41.5 g/t Au and 24.5 g/t Ag over 0.60m 0.60
9.90 11.00 1.10 3.84 2.8 2.60 g/t Au and 3.2 g/t Ag over 2.10m 2.00 11.00 12.00 1.00 1.24 3.7
AR21-309
0.00 1.00 1.00 1.14 5.8
Historical Dump 1.00 2.50 1.50 4.06 19.60
2.50 3.50 1.00 1.05 10.2
21.90 22.50 0.60 1.54 7.3 1.54 g/t Au and 7.3 g/t Ag over 0.60m 0.50
AR21-310 8.60 9.50 0.90 1.08 3.8 1.08 g/t Au and 3.8 g/t Ag over 0.90m 0.80
LEGAL*52716275.1
13.30 14.20 0.90 2.15 5.2 2.15 g/t Au and 5.2 g/t Ag over 0.90m 0.70
15.60 16.20 0.60 1.12 11.7 1.12 g/t Au and 11.7 g/t Ag over 0.60m 0.50
23.10 23.90 0.80 9.00 7.7 9.00 g/t Au and 7.7 g/t Ag over 0.80m 0.60
AR21-311
13.00 14.00 1.00 19.70 16.3 19.70 g/t Au and 16.3 g/t Ag over 1.00m 0.90
14.00 16.00 Void
16.00 17.00 1.00 5.50 5.9
2.44 g/t Au and 4.1 g/t Ag over 3.00 m 2.30 17.00 18.00 1.00 0.04 1.7
18.00 19.00 1.00 1.78 4.8
20.90 21.50 0.60 1.23 4.8 1.23 g/t Au and 4.8 g/t Ag over 0.60m 0.50
AR21-312
0.00 1.40 1.40 3.98 4.6
Historical Dump 1.40 2.90 1.50 1.40 10.0
2.90 3.80 0.90 1.43 4.8
AR21-314 Results Pending
AR21-316
0.00 1.50 1.50 4.51 13.3 Historical Dump
1.50 7.70 6.20 Void
7.70 8.70 1.00 0.69 6.8 Muck
AR21-317
0.00 1.50 1.50 0.23 0.8
Historical Dump
1.50 3.00 1.50 0.14 3.5
3.00 4.00 1.00 2.96 7.8
4.00 5.00 1.00 0.86 5.4
5.00 5.70 0.70 0.11 9.3
12.10 13.10 1.00 1.10 3.6 1.10 g/t Au and 3.6 g/t Ag over 1.00m 0.95
AR21-318
0.00 3.50 3.50 0.13 1.4
Historical Dump 3.50 4.60 1.10 0.11 25.8
4.60 5.90 1.30 0.77 5.9
7.40 11.60 4.20 Void
25.60 26.50 0.90 5.63 18.4 5.63 g/t Au and 18.4 g/t Ag over 0.90m 0.70
AR21-319
16.80 20.40 3.60 Void
24.30 25.50 1.20 3.64 4.5
9.99 g/t Au and 10.8 g/t Ag over 2.70m 2.50 25.50 26.30 0.80 14.70 15.6
26.30 27.00 0.70 15.50 16.0
29.30 29.70 0.40 3.47 8.3
16.71 g/t Au and 19.4 g/t Ag over 2.40m 1.80
29.70 30.30 0.60 47.90 51.3
30.30 30.70 0.40 0.58 1.6
30.70 31.20 0.50 1.48 1.4
31.20 31.70 0.50 18.00 22.0
AR21-320
0.00 1.00 1.00 0.17 0.8 Historical Dump
1.00 1.40 0.40 4.61 12.7
4.15 g/t Au and 13.8 g/t Ag over 2.00m 1.70 1.40 2.00 0.60 0.06 1.1
2.00 3.00 1.00 6.41 21.8
AR21-321 9.00 9.50 0.50 15.50 94.8 15.50 g/t Au and 94.8 g/t Ag over 0.50m 0.40
36.00 36.50 0.50 3.31 11.5 3.31 g/t Au and 11.5 g/t Ag over 0.50m 0.45
AR21-322
10.50 11.00 0.50 1.23 9.3
6.91 g/t Au and 24.3 g/t Ag over 2.00m 1.50 11.00 11.70 0.70 16.60 52.0
11.70 12.50 0.80 1.97 9.4
LEGAL*52716275.1
AR21-323 to
AR21-347 Results Pending
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. *Widths are reported as drill core le ngths. ** True width is estimated from interpreted
sections.
In addition to the drill holes reported in the table above, the drill holes listed below intersected anomalous
values or no significant values.
Drill holes with anomalous values: AR19-137, AR19-140, AR19-141, AR19-143, AR19-145 to AR19-150,
AR19-157 to AR20-164, AR20-170 to AR20-173, AR20-176, AR20-179 to AR20-181, AR20-187, AR20-189,
AR20-193, AR20-194, AR20-198 to AR20-201, AR20-203, AR20-204, AR20-209, AR20-210, AR20-212,
AR20-213, AR20-215, AR20-218, AR20-219, AR20-232, AR20-233, AR20-235, AR20-237, AR20-243,
AR20-245, AR20-256, AR20-280, AR21-296, AR21-301, AR21-302, AR21-304 and AR21-313.
Drill holes with no significant values: AR19-136, AR19-139, AR19-142, AR19-144, AR20-184 to AR20-
186, AR20-188, AR20-190, AR20-192, AR20-195, AR20-196, AR20-197, AR20-202, AR20-205, AR20-208,
AR20-214, AR20-221, AR20-222, AR20-225, AR20-226, AR20-231, AR20-234, AR20-236, AR20-238 to
AR20-240, AR20-247, AR21-300, AR21-306 and AR21-315.
Arras Zone History
One of the first documented gold discoveries in Cent ral America was in the Arras Zone where gold was
mined by the Spanish. According to the “Report on San Albino Gold Mines Situated in Nueva Segovia,
Nicaragua” by Rodgers Peale, San Francisco, California date January 12, 1948 “the vein was flat and dipped
with the surface of the hill so that it was mined as an open pit by the Spaniards.” It is believed that the gold
from the Arras Zone was transported to Ciudad Anti gua approximately 21 km to the southwest. Ciudad
Antigua was one of the few inland cities raided by pi rates, in 1654 it was attacked by one of the most
infamous English pirates of the time, the notorious Henry Morgan.
A review of a 1948 report by Rodgers Peale indicates that the Arras Zone was one of the last areas mined
at San Albino. The area is described as being hist orically mined as late as 1943 and with several shoots
extending 30 m along strike and 20 m down dip. Overall, the Arras Zone is described as having a strike
extent of 200 m, a dip of 60 m and an average width of 1.6 m. Subvertical and low angle faults are described
to have offset the veins.