Mako Mining (TSXV: MKO) has made further discoveries at its San Albino-Murra property. The latest discoveries were made at the Las Conchitas-North region of the property, where recent drilling has been focused by the company.
The most recent round of drilling has discovered both the Tirado and the Mina Francisco veins. Early indications point to similar grades and thicknesses as found at the firms San Albino mine, with the Mina Francisco vein already extended to a strike of over 200 metres.
Highlights from the results include:
- Tirado: 39.30 g/t gold and 49.0 g/t silver over 0.50 metres, 10.97 g/t gold and 23.2 g/t silver over 3.50 metres
- San Pablo: 27.60 g/t gold and 17.1 g/t silver over 0.50 metres
- Mina Francisco: 51.80 g/t gold and 29.8 g/t silver over 0.90 metres
A total of 35 drill holes have been completed to date under the current drill program, amounting to 4,670 metres in aggregate. 19 of those holes targeted Mina Francisco, which was found within a large geochemical soil anomaly, while 15 of the holes are said to have targeted the San Pablo and Tirado zones. Assays remain pending for much of these holes. Tirado is said to part of a larger vein system, which has “excellent potential for open pittable gold mineralization.”
“These results have great potential to yield additional open-pittable mineral resources. Now that we have seven core rigs at site, further exploration results are expected to be delivered throughout the year, with the goal of making additional discoveries,” said CEO Akiba Leisman.
A maiden resource for the region is currently expected to be produced between the fourth quarter of 2022 and the first quarter of 2023, while Mako also intends to complete the required metallurgical, environmental and engineering studies to begin the mine permitting process for Las Conchitas.
Mako Mining last traded at $0.30 on the TSX Venture.
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