Mako Mining Intersects 42.59 g/t Au over 2.1 m (Estimated True Width) at Las Conchitas North, 25.07 g/t Au over 2.2 m (ETW) at Las Conchitas Central and 65.45 g/t Au over 1.8 m (ETW) at Las Conchitas
LEGAL*57303549.1
595 Burrard Street, Suite 2833
Vancouver, BC V7X 1K8
Tel: (604) 646-1580
www.makominingcorp.com
TSX-V: MKO | OTCQX: MAKOF
Suite 700 - 838 West Hastings St.
Vancouver, BC - V6C 0A6
IR: (647) 203-8793
www.makominingcorp.com
TSX-V: MKO | OTCQX: MAKOF
October 24th, 2022
TSX-V: MKO; OTCQX: MAKOF
Mako Mining Intersects 42.59 g/t Au over 2.1 m (Estimated True Width) at Las Conchitas
North, 25.07 g/t Au over 2.2 m (ETW) at Las Conchitas Central and 65.45 g/t Au over 1.8 m
(ETW) at Las Conchitas South
VANCOUVER, BC, Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) (“Mako” or the “Company”) is
pleased to report additional results from its recent definition and expansion drilling program at the Las
Conchitas area on its wholly -owned San Albino -Murra property. The Las Conchitas area is located
immediately south of the San Albino Mine which is currently in commercial production.
Seven diamond drill rigs are currently drilling on the property with five of the rigs dedicated to the Las
Conchitas area, which is located between the San Albino Mine and the historical El Golfo Mine on the
Company’s El Jicaro Concession. Las Conchitas comprises an area of approximately 3.75 km2 and is
subdivided into three primary areas: Las Conchitas North (“LC-N”), Las Conchitas Central (“LC -C”) and
Las Conchitas South (“LC-S”). Each of these areas host multiple subparallel, northeast-southwest striking,
gently dipping gold bearing veins.
In 2022, the Company has completed 208 drill holes to-date totaling 30,558 meters (m). The objective of
the drilling at the Las Conchitas area is to test the strike and dip extension of the gold mineralization
amenable to both open pit and underground mining methods, and to provide sufficient information for a
mineral resource estimate currently being prepared by the Company.
Highlights of the recent drilling at Las Conchitas:
Las Conchitas - North
o Mina Francisco (“MF”)
▪ 42.59 g/t Au and 31.3 g/t Ag over 2.10 m (ETW)
▪ 26.66 g/t Au and 47.7 g/t Ag over 2.50 m (2.4 m ETW)
▪ 20.30 g/t Au and 55.8 g/t Ag over 2.00 m (1.9 m ETW) 5 meters from surface
o Intermediate (“Int”)
▪ 22.89 g/t Au and 7.2 g/t Ag over 1.40 m (1.3 m ETW)
Las Conchitas - Central
o Cruz Grande (“CG”)
▪ 25.07 g/t Au and 31.0 g/t Ag over 2.20 m (ETW)
▪ 27.30 g/t Au and 20.9 g/t Ag over 1.10 m (ETW)
Las Conchitas - South
o El Limon (“EL”)
▪ 14.50 g/t Au and 10.8 g/t Ag over 0.60 m (0.5 m ETW)
▪ 65.45 g/t Au and 41.7 g/t Ag over 1.80 m (1.7 m ETW)
LEGAL*57303549.1
o Mango (“Mg”)
▪ 7.55 g/t Au and 1.6 g/t Ag over 1.00 m (0.9 m ETW)
Note * ETW is estimated true width measured from interpreted sections
Akiba Leisman, CEO of Mako states that “every single zone that we are targeting with our five rigs at Las
Conchitas is hitting high grade mineralization over minable widths and shallow depths. These results, along
with the high-grade results we announced earlier this month at the SW Pit immediately to the north of Las
Conchitas, is clearly demonstrating the potential for a significantly larger resource. Now that the US$17.2
million exploration program we announced in March 2022 is fully ramped up, the scale of the San Albino–
Murra district is beginning to come into focus. Over the course of the next few years, we plan to
methodically test the 28 kilometers of mineralized strike throughout our district scale land package, to
confirm the potential of this new orogenic gold mining camp.”
Las Conchitas – North
In 2022, an aggressive drilling campaign was implemented within the LC -N area, result ing in the new
discoveries of the Mina Francisco and Crucita zones (see press releases dated June 1, 2022 and July 28,
2022). Currently, three diamond drill rigs are operating at the LC-N area. Two rigs are testing the extension
of the Mina Francisco structure, as well as testing the extensions of the San Pablo and Tirado gold bearing
veins. The third rig is test ing the continuity of the previously identified Intermediate zone and to test for
additional high grade gold structures. To date, a total of 19,530 m in the 2022 drilling campaign have been
completed in 131 drill holes at the LC-N area.
The Company successfully tested the southwest extension of the MF structure with results from two drill
holes (see attached drill plan and table below). These holes were south of discovery hole LC22-515, which
intersected an interval of 12.72 g/t Au and 8.6 g/t Ag over 1.70 m (1.5 m ETW) (see press release on June
1, 2022). Drill hole LC22 -558 intersected an interval 20.30 g/t Au and 55.8 g/t Ag over 2.00 m (1.9 m
ETW), only 5 m from surface. Drill hole LC22 -553, collared 116 m down dip from hole LC22 -558,
intersected 31.90 g/t Au and 20.1 g/t Ag over 0.60 m (ETW) at a vertical distance of 138.2 m, confirming
the high-grade gold mineralization is open to the southwest (see drill plan) with significant down dip
continuity.
Several drill holes were designed to test within the recently discovered Mina Francisco area which now
measures 265 m (by dip) and up to 229 m (by strike). Drill hole LC22-724 intersected three mineralized
intervals (see table below), including an interval of 42.59 g/t Au and 31.3 g/t Ag over 2.10 m (ETW), at a
vertical depth of 122 m (see cross section). This drill hole confirmed a 179 m down dip extension of the
high-grade mineralization intersected by hole LC22-524 of 51.80 g/t Au and 29.8 g/t Ag over 0.90 m (ETW)
(see press release dated June 1, 2022). The other two intervals (see table below), situated above the MF
zone, are interpreted as the San Pablo zone (SP).
LC22-726 intersected two mineralized intervals. The upper interval of 18.70 g/t Au and 51.4 g/t Ag over
1.10 m (1.0 m ETW) at 151m from surface was interpreted as a splay of the MF zone. The lower interval
of 26.66 g/t Au and 47.7 g/t Ag over 2.50 m (2.4 m ETW) was interpreted as the MF zone, 170.7 m from
surface, representing a 44.5 m northeast strike extension from drill hole LC22-724, described above.
LEGAL*57303549.1
Drilling in the Intermediate zone intersected 22.89 g/t Au and 7.2 g/t Ag over 1.40 m (1.3 m ETW), in hole
LC22-911, at a vertical distance of 66.5 m. This drill hole extended the strike by 42 m to the west-southwest
of the high-grade mineralization of 15.69 g/t Au and 15.5 g/t Ag over 2.50 m, intersected by INT13-01 (see
press release dated September 11, 2013).
Las Conchitas – Central
At LC-C, drill hole LC22-825 intersected 25.07 g/t Au and 31.0 g/t Ag over 2.20 m (ETW), at a vertical
distance from surface of 19 m. This hole was designed to intersect the most northeasterly strike extension
of the high-grade Cruz Grande mineralization, testing an area between Cruz Grande and the newly
discovered Crucita vein at LC-N. This drill hole intersected 54 m from a collapsed historical tunnel, where
vertical channel sampling of the vein graded up to 55.90 g/t Au and 170.0 g/t Ag over 0.9 m and 37.60 g/t
Au and 209.0 g/t Ag over 0.7 m. The Company believes that additional drilling will confirm that the two high
grade gold bearing structures, Cruz Grande and Crucita, previously interpreted as separate structures and
located on op posite sides of a depression, are in fact the same vein ( see longitudinal section).
Confirmation of this continuity would significantly expand the strike length of this zone.
Drill hole LC22 -830 intersected an interval 27.30 g/t Au and 20.9 g/t Ag over 1.10 m (ETW), at vertical
depth of 58.6 m. This interval confirmed a down dip continuity of the high -grade mineralization for a total
of 144 m.
Las Conchitas – South
LC-S is the most advance d area in terms of drilling, where 396 drill holes, totaling 36,290 m have been
completed. This area is comprised of four mineralized zones; however, the recent drilling by the Company
was designed to test the continuity of just the El Limon and Mango zones.
The best results in the LC-S area were in drill hole LC22-478 which tested the southwest extension of the
El Limon and Mango mineralized structures and intersected two intervals, 2.95 g/t Au and 1.9 g/t Ag over
0.80 m, 50.6 m below surface and 65.45 g/t Au and 41.7 g/t Ag over 1. 80 m (1.7 m ETW), 80.1 m below
surface which was interpreted as El Limon.
Drill hole LC22-471, which was designed to test the down dip extension of both the El Limon and Mango
zones. This hole intersected 14.50 g/t Au and 10.8 g/t Ag over 0.60 m (0.5 m ETW) at 57.6 m vertical
depth, confirming a 98.3 m up dip extension of El Limon vein from drill hole LC22 -467 which intersected
37.02 g/t Au and 54.4 g/t Ag over 2.0 m ETW (see press release July 28, 2022). The second intercept of
7.55 g/t Au and 1.6 g/t Ag over 1.00 m (0.9 m ETW), 103.5m from the surface , was interpreted as the
Mango zone. This intercept represents a 232 m down dip extension of the mineralization exposed in LC19-
Tunnel-2, a historical working at surface. Vertical sampling of the vein at LC19-Tunnel-2 yielded 1.5m @
25.92 Au and 42.0 Ag; 1.5m @ 21.71 Au and 49.1 Ag and 1.3m @ 54.17 Au and 57.5 Ag (see press
release dated March 17, 2022).
LEGAL*57303549.1
Table: Assay Results Reported in This Press Release
Area Drill Hole From (m) To (m) Width
(m)** Au g/t Ag g/t Interval ETW
(m)*** Zone
LC22-535 29.0 29.5 0.5 9.7 7.5 9.65 g/t Au and 7.5 g/t Ag over 0.50 m 0.5 MF
92.3 92.8 0.5 1.3 2.6
92.8 93.6 0.8 3.4 3.6
93.6 94.3 0.7 20.0 9.1
94.3 94.8 0.5 3.6 8.6
97.3 98.0 0.7 1.6 1.3 1.56 g/t Au and 1.3 g/t Ag over 0.70 m 0.5 MF
88.6 89.1 0.6 9.2 13.1 9.19 g/t Au and 13.1 g/t Ag over 0.55 m* 0.5 MF
121.8 122.5 0.7 2.4 6.4 2.42 g/t Au and 6.4 g/t Ag over 0.65 m 0.6 MF
LC22-544 34.5 35.5 1.0 1.4 1.0 1.39 g/t Au and 1.0 g/t Ag over 1.00 m 0.8 MF
34.5 35.1 0.6 2.4 4.4 2.39 g/t Au and 4.4 g/t Ag over 0.60 m 0.5 SP
71.0 71.6 0.6 2.1 4.0 2.10 g/t Au and 4.0 g/t Ag over 0.60 m 0.5 SP2
101.7 102.2 0.5 7.5 12.8 7.47 g/t Au and 12.8 g/t Ag over 0.50 m 0.5 MF
LC22-546 9.8 11.0 1.2 12.0 6.1 12.00 g/t Au and 6.1 g/t Ag over 1.20 m 1.1 SP
62.0 63.1 1.1 8.5 20.9 8.53 g/t Au and 20.9 g/t Ag over 1.10 m 1.1 SP
137.0 137.5 0.5 3.0 12.0 2.98 g/t Au and 12.0 g/t Ag over 0.50 m 0.4 MF
32.0 32.8 0.8 5.1 11.7 5.12 g/t Au and 11.7 g/t Ag over 0.80 m 0.7 Lens
85.0 86.0 1.0 1.4 0.8 1.42 g/t Au and 0.8 g/t Ag over 1.00 m 0.6 MF-Lens
61.0 62.0 1.0 38.8 49.9
62.0 63.0 1.0 0.0 0.6
63.0 63.6 0.6 0.1 0.7
63.6 64.1 0.5 2.1 9.5
79.0 79.6 0.6 1.5 6.0 1.53 g/t Au and 6.0 g/t Ag over 0.60 m 0.5 SP
109.3 109.8 0.5 2.0 3.0 2.03 g/t Au and 3.0 g/t Ag over 0.50 m 0.4 MF-Lens
161.4 161.9 0.5 8.7 49.2 8.69 g/t Au and 49.2 g/t Ag over 0.50 m 0.5 MF
89.3 90.0 0.7 9.9 4.1 9.87 g/t Au and 4.1 g/t Ag over 0.70 m 0.6 SP
109.3 110.0 0.7 9.4 5.2 9.36 g/t Au and 5.2 g/t Ag over 0.70 m 0.7 MF-Lens
156.6 157.7 1.1 18.0 14.4 18.00 g/t Au and 14.4 g/t Ag over 1.10 m 0.9 MF
82.5 83.5 1.0 1.2 2.1 1.18 g/t Au and 2.1 g/t Ag over 1.00 m 0.9 SP
102.2 103.0 0.8 22.9 14.4 22.90 g/t Au and 14.4 g/t Ag over 0.80 m 0.8 MF-Lens
LC22-553 138.2 138.8 0.6 31.9 20.1 31.90 g/t Au and 20.1 g/t Ag over 0.60 m 0.6 MF2
LC22-554 to
LC22-557 Pending
5.50 6.50 1.00 6.80 41.5
6.50 7.50 1.00 33.80 70.1
LC22-559 to
LC22-563 Pending
LC22-717 1.50 2.60 1.10 2.01 1.4 2.01 g/t Au and 1.4 g/t Ag over 1.10 m 1.1 MF
134.50 135.10 0.60 1.16 1.4 1.16 g/t Au and 1.4 g/t Ag over 0.60 m 0.6 MF-Lens
154.00 154.30 0.30 7.47 30.6
154.30 155.40 1.10 3.71 14.0
7.50 8.00 0.50 3.43 3.0 3.43 g/t Au and 3.0 g/t Ag over 0.50 m 0.5 Tirado
67.60 68.30 0.70 3.47 9.5 3.47 g/t Au and 9.5 g/t Ag over 0.70 m 0.7 SP
162.50 163.50 1.00 1.21 0.5 1.21 g/t Au and 0.5 g/t Ag over 1.00 m 1.0 MF
LC22-720 42.10 42.70 0.60 15.90 18.9 15.90 g/t Au and 18.9 g/t Ag over 0.60 m 0.6 SP
51.60 52.00 0.40 41.60 39.3 41.60 g/t Au and 39.3 g/t Ag over 0.40 m 0.4 SP
179.90 180.40 0.50 4.34 34.6
180.40 181.00 0.60 43.70 54.3
Las Conchitas North
0.9
1.3
MF
MF
SP
MF
MF
LC22-550
LC22-721 25.81 g/t Au and 45.4 g/t Ag over 1.10 m*
LC22-719
LC22-551
LC22-545
LC22-536
7.69 g/t Au and 5.9 g/t Ag over 2.50 m; incl
20.00 g/t Au and 9.1 g/t Ag over 0.70 m 2.3
LC22-718 4.52 g/t Au and 17.6 g/t Ag over 1.40 m
LC22-547
LC22-541
LC22-549
12.88 g/t Au and 18.0 g/t Ag over 3.10 m; incl
38.80 g/t Au and 49.9 g/t Ag over 1.00 m* 2.7
LC22-548
20.30 g/t Au and 55.8 g/t Ag over 2.00 m 1.9LC22-558
LEGAL*57303549.1
38.50 39.00 0.50 16.10 12.8 16.10 g/t Au and 12.8 g/t Ag over 0.50 m 0.5 SP
136.20 137.20 1.00 4.52 14.1 4.52 g/t Au and 14.1 g/t Ag over 1.00 m 1.0 MF
72.50 73.00 0.50 4.08 6.0 4.08 g/t Au and 6.0 g/t Ag over 0.50 m 0.4 SP-Lens
77.20 77.70 0.50 2.06 15.8 2.06 g/t Au and 15.8 g/t Ag over 0.50 m 0.4 SP
174.10 174.90 0.80 15.50 17.1
174.90 175.30 0.40 29.50 15.2
68.00 68.70 0.70 2.78 4.2
68.70 69.50 0.80 0.80 0.8
69.50 69.90 0.40 2.17 11.7
77.90 78.40 0.50 2.35 33.3 2.35 g/t Au and 33.3 g/t Ag over 0.50 m 0.5 SP
165.90 166.60 0.70 1.08 3.5
166.60 167.30 0.70 59.90 64.5
167.30 168.00 0.70 66.80 25.8
LC22-725 194.00 194.50 0.50 12.60 49.6 12.60 g/t Au and 49.6 g/t Ag over 0.50 m 0.5 MF
153.20 154.30 1.10 18.70 51.4 18.70 g/t Au and 51.4 g/t Ag over 1.10 m 1.0 MF-Lens
175.00 176.50 1.50 36.50 59.7
176.50 177.50 1.00 11.90 29.6
91.20 92.20 1.00 1.19 2.9 1.19 g/t Au and 2.9 g/t Ag over 1.00 m 0.9 SP
182.70 183.50 0.80 26.60 38.5 26.60 g/t Au and 38.5 g/t Ag over 0.80 m 0.8 MF
56.00 57.00 1.00 1.17 2.1 1.17 g/t Au and 2.1 g/t Ag over 1.00 m 0.9 SP
139.00 140.00 1.00 1.12 2.8 1.12 g/t Au and 2.8 g/t Ag over 1.00 m 0.8 MF-Lens
174.50 175.00 0.50 15.50 17.3 15.50 g/t Au and 17.3 g/t Ag over 0.50 m 0.5 MF
54.10 54.90 0.80 2.77 2.3 2.77 g/t Au and 2.3 g/t Ag over 0.80 m 0.5 SP
75.40 76.00 0.60 4.78 4.8 4.78 g/t Au and 4.8 g/t Ag over 0.60 m 0.6 SP-Lens
101.80 102.50 0.70 4.09 16.3 4.09 g/t Au and 16.3 g/t Ag over 0.70 m 0.7 MF-Lens
113.00 113.50 0.50 62.10 30.2 62.10 g/t Au and 30.2 g/t Ag over 0.50 m 0.5 MF
LC22-731 to
LC22-736 Pending
16.50 17.30 0.80 1.99 2.4 1.99 g/t Au and 2.4 g/t Ag over 0.80 m 0.8 Upper INT
77.90 78.60 0.70 2.26 4.6 2.26 g/t Au and 4.6 g/t Ag over 0.70 m 0.6 INT
62.50 63.00 0.50 3.03 2.2
63.00 63.50 0.50 0.11 0.4
63.50 63.90 0.40 76.20 21.9
178.30 179.00 0.70 2.00 7.8 2.00 g/t Au and 7.8 g/t Ag over 0.70 m 0.6 Crucita (Cc)
67.90 68.70 0.80 2.82 1.4 2.82 g/t Au and 1.4 g/t Ag over 0.80 m 0.8 INT
92.50 93.50 1.00 3.64 4.6 3.64 g/t Au and 4.6 g/t Ag over 1.00 m 0.9 INT 2
198.00 198.50 0.50 1.37 8.6
198.50 199.50 1.00 1.05 0.4
LC22-913 101.70 102.70 1.00 1.15 0.6 1.15 g/t Au and 0.6 g/t Ag over 1.00 m 0.9 INT 2
LC22-914 2.30 3.40 1.10 7.59 1.6 7.59 g/t Au and 1.6 g/t Ag over 1.10 m 1.0 Upper Cc
LC22-915 5.30 5.90 0.60 1.93 3.1 1.93 g/t Au and 3.1 g/t Ag over 0.60 m 0.4 Upper Cc
LC22-917 0.00 1.00 1.00 2.94 3.6 2.94 g/t Au and 3.6 g/t Ag over 1.00 m 0.9 Upper Cc?
LC22-919 to
LC22-922 Pending
Las Conchitas North
1.0
2.1
1.9
Cc
MF
INT
MF
SP-Lens
MF
42.59 g/t Au and 31.3 g/t Ag over 2.10 m; incl.
63.35 g/t Au and 45.2 g/t Ag over 1.40 m
LC22-723
20.17 g/t Au and 16.5 g/t Ag over 1.20 m*
LC22-724
1.82 g/t Au and 4.4 g/t Ag over 1.90 m
LC22-911
LC22-722
LC22-912
26.66 g/t Au and 47.7 g/t Ag over 2.50 m
1.15 g/t Au and 3.1 g/t Ag over 1.50 m
2.4
1.4
LC22-730
LC22-909
1.3
LC22-726
22.89 g/t Au and 7.2 g/t Ag over 1.40 m
LC22-727
LC22-728
LC22-729
LEGAL*57303549.1
LC22-812 30.00 30.90 0.90 26.10 7.1 26.10 g/t Au and 7.1 g/t Ag over 0.90 m 0.8 CG
109.80 110.30 0.50 19.00 88.4
110.30 111.10 0.80 0.35 6.8
111.10 112.40 1.30 2.08 18.9
12.00 13.00 1.00 1.02 0.5
13.00 14.00 1.00 3.27 2.9
110.70 111.60 0.90 1.17 4.9 1.17 g/t Au and 4.9 g/t Ag over 0.90 m 0.7 CG
40.40 41.40 1.00 1.35 3.7 1.35 g/t Au and 3.7 g/t Ag over 1.00 m 0.9 CG-Lens
70.40 71.40 1.00 37.00 32.5
71.40 72.40 1.00 34.70 29.0
72.40 73.30 0.90 0.73 0.9
73.30 73.90 0.60 4.64 2.0
73.90 75.00 1.10 0.14 1.6
75.00 75.75 0.75 0.54 1.4
75.75 76.25 0.50 0.15 1.9
76.25 77.60 1.35 25.80 35.6
83.00 83.50 0.50 1.63 1.8 1.63 g/t Au and 1.8 g/t Ag over 0.50 m* 0.5
LC22-819 117.00 118.00 1.00 1.71 1.5 1.71 g/t Au and 1.5 g/t Ag over 1.00 m 0.9 Lens
50.00 51.00 1.00 1.22 5.2 1.22 g/t Au and 5.2 g/t Ag over 1.00 m 0.9 Lens
54.50 55.20 0.70 1.07 4.5
55.20 55.90 0.70 0.01 0.4
55.90 56.40 0.50 8.33 21.6
70.50 71.50 1.00 8.20 3.9 8.20 g/t Au and 3.9 g/t Ag over 1.00 m 0.9 CG-Lens
77.50 78.50 1.00 3.75 2.2 3.75 g/t Au and 2.2 g/t Ag over 1.00 m 0.9 CG
67.50 68.00 0.50 1.70 24.2
68.00 68.50 0.50 4.15 16.3
68.50 69.00 0.50 1.84 18.7
69.00 69.60 0.60 8.29 17.2
71.50 72.50 1.00 1.48 2.5
72.50 73.50 1.00 1.07 3.6
77.50 78.30 0.80 15.10 6.4 15.10 g/t Au and 6.4 g/t Ag over 0.80 m 0.7 CG
42.50 43.50 1.00 3.49 15.3 3.49 g/t Au and 15.3 g/t Ag over 1.00 m 1.0 CG
51.50 52.50 1.00 3.12 2.3 3.12 g/t Au and 2.3 g/t Ag over 1.00 m 0.9 CG-Lens
LC22-824 49.40 50.30 0.90 2.59 1.5 2.59 g/t Au and 1.5 g/t Ag over 0.90 m 0.8 CG
20.80 21.80 1.00 43.10 47.2
21.80 22.50 0.70 1.21 2.1
22.50 23.00 0.50 22.40 39.2
23.80 24.60 0.80 5.08 8.2 5.08 g/t Au and 8.2 g/t Ag over 0.80 m 0.8 CG
26.80 27.80 1.00 2.48 7.6 2.48 g/t Au and 7.6 g/t Ag over 1.00 m 0.9 CG-Lens
LC22-828 to
LC22-829 Pending
LC22-830 70.35 71.45 1.10 27.30 20.9 27.30 g/t Au and 20.9 g/t Ag over 1.10 m 1.1 CG
LC22-831 to
LC22-834 Pending
CG-Lens
LC22-815 4.80 g/t Au and 28.5 g/t Ag over 2.60 m
LC22-822 1.27 g/t Au and 3.1 g/t Ag over 2.00 m
4.20 g/t Au and 19.0 g/t Ag over 2.10 m
25.07 g/t Au and 31.0 g/t Ag over 2.20 m 2.2 CG
1.7
2.4
Lens
CG
CG
6.7
Upper CG
CG
LC22-823
LC22-826
LC22-818
LC22-820
LC22-825
Las Conchitas Central
1.9
2.0
1.7
LC22-817
LC22-821
2.14 g/t Au and 1.7 g/t Ag over 2.00 m
2.59 g/t Au and 7.5 g/t Ag over 1.90 m
15.36 g/t Au and 16.0 g/t Ag over 7.20 m; incl
35.85 g/t Au and 30.8 g/t Ag over 2.00 m; and
25.80 g/t Au and 35.6 g/t Ag over 1.35 m*
LEGAL*57303549.1
Note: The mineralized intervals shown above utilize a 1.0 g/t gold cut-off grade with not more than 1.0 m of internal
dilution. * Previously reported intervals. **Widths are reported as drill core lengths. ***Estimated True Width is
estimated from interpreted sections. In addition to the drill holes presented in the table above, the following drill holes
returned only anomalous values: LC22 -543, LC22 -552, LC22 -706, LC22 -712, LC22 -716, LC22 -907, LC22 -916,
LC22-918, LC22-809, LC22-810, LC22-811, LC22-814, LC22-816, LC22-827, LC22-469, LC22-470 and LC22-472.
In addition to the drill holes presented in the table above, the following drill hole returned no significant values: LC22-
715.
Sampling, Assaying, QA/QC and Data Verification
Drill core was continuously sampled from inception to termination of the entire drill hole. Sample intervals
were typically one meter with a minimum sample width of 50 cm . 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 logging 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. The Company
follows industry standards 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.
Analytical results of control samples confirmed reliability of the assay data. No top cut has been appl ied
to the reported assay results.
Qualified Person
John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 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.
57.60 58.20 0.60 14.50 10.8 14.50 g/t Au and 10.8 g/t Ag over 0.60 m 0.5
60.50 61.00 0.50 2.64 4.8 2.64 g/t Au and 4.8 g/t Ag over 0.50 m 0.4
64.00 64.50 0.50 1.82 10.2 1.82 g/t Au and 10.2 g/t Ag over 0.50 m 0.4
103.50 104.50 1.00 7.55 1.6 7.55 g/t Au and 1.6 g/t Ag over 1.00 m 0.9 Mg
130.3 130.8 0.50 6.18 44.7
130.8 131.4 0.60 2.63 7.1
131.4 131.9 0.50 1.88 115.0
LC22-474 60.5 61.5 1.00 3.68 5.8 3.68 g/t Au and 5.8 g/t Ag over 1.00 m 0.8 Mg
LC22-476 Pending
LC22-477 163 163.9 0.90 7.90 5.6 7.90 g/t Au and 5.6 g/t Ag over 0.90 m 0.8 Mg
50.6 51.4 0.80 2.95 1.9 2.95 g/t Au and 1.9 g/t Ag over 0.80 m 0.7 EL-Lens
80.1 80.7 0.60 3.56 7.5
80.7 81.9 1.20 96.40 58.8
LC22-479 to
LC22-480 Pending
Mg
EL
LC22-473 3.51 g/t Au and 52.6 g/t Ag over 1.60 m 1.4
LC22-478 65.45 g/t Au and 41.7 g/t Ag over 1.80 m 1.7
ELLC22-471
Las Conchitas South
LEGAL*57303549.1
On behalf of the Board,
Akiba Leisman
Chief Executive Officer
About Mako
Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company
operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the
highest-grade open pit gold mines globally. Mako’s primary objective is to operate San Albino profitably
and fund exploration of prospective targets on its district-scale land package.
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 Information
Statements contained herein that are not historical fact are considered “forward-looking information” within
the meaning of applicable securities laws. Forward-looking information is based on management’s current
expectations, beliefs and assumptions, and includes, without limitation : the objectives of the drilling
campaign; the plan to methodically test over the course of the next few years the 28 kilometers of
mineralized strike throughout our district scale land package, to confirm the potential of the new orogenic
gold mining camp; that confirmation of mineralization continuity would significantly expand the strike length
of the Cruz Grande/Crucita zone ;and the Company’s objective of operating San Albino profitably while
continuing to fund exploration of prospective targets. 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 exploration results and drill testing will not be obtained and the potential of expansion of
mineralization will not be confirmed; the risk that the Company will not test on the timeline expected; the
risk that additional discoveries will not continue; 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; commodity price fluctuations, the inability or failure to
obtain adequate financing on a timely basis and other risks and uncertainties disclosed in the Company’s
public filings at www.sedar.com. Forward-looking information contained herein is based on management’s
best judgment as of the date hereof, based on information currently available and is included for the
purposes of providing investors with the results of the Company’s recent drilling program at 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
Figure 1 – Drill Hole Plan