In 2023, Mako completed 11,737.6 m in 262 RC drill holes in the ongoing resource expansion drill program. The results reported in this release are from two of three main zones at Las Conchitas (North and South), hosting the gold mineral resource estimate ('MRE') at the
Highlights
Results of 20 RC drill holes in the southern portion of Las Conchitas ('LC-S'), together with prior results, support the potential for expanded, high grade, low strip ratio, minable material within the currently defined open pit.
o 51.78 g/t Au and 37.8 g/t Ag over 4.0 m (3.9 m Estimated True Width - ETW) -
o 19.43 g/t Au and 36.8 g/t Ag over 2.0 m (1.9 m ETW) -
o 25.75 g/t Au and 27.2 g/t Ag over 2.0 m (1.9 m ETW) - Mango vein
o 22.30 g/t Au and 22.8 g/t Ag over 2.0 m (1.8 m ETW) -
At LC-S, drilling was successful in targeting extensions of
In addition, several drill holes were designed to test the down dip extension of the Mango zone, stratigraphically located between the El Limon and Bayacun zones. This post-resource drilling in the Mango zone supports the potential for additional shallow (open-pitable), high grade, low strip ratio, mineral resources. Highlights of the Mango drilling include drill hole LC23-RC261 which intersected 25.75 g/t Au and 27.2 g/t Ag over 2.0 m (1.9 m ETW), at 72 m vertical depth and 20 m below the currently optimized pit design. This high-grade intercept represents an extension of 38 m down dip from core drill hole LC20-177 that reported 29.78 g/t Au and 22.2 g/t Ag over 0.5 m (ETW),.
During the haul road construction for a bulk sampling program in the El Limon area, the Company confirmed and exposed additional high-grade mineralization in a road-cut, measuring approximately 80m down dip and 30m along strike. This area was not included in the current MRE. A total of 13 surface channel samples were collected within the area, with results ranging from 0.42 g/t Au and 4.3 g/t Ag over 1.0 m to 94.4 g/t Au and 25.7 g/t Ag over 0.8 m. Drill hole LC23-RC258 intersected the same high grade mineralization exposed in the road cut, at a vertical depth of 9.3 m, of 22.30 g/t Au and 22.8 g/t Ag over 2.0 m, inside the current pit-constrained resource model boundaries but not included in the MRE.
In addition, the Company is reporting 23 RC drill holes at the northern portion of Las Conchitas ('LC-N'), at the Tirado and San Pablo zones. The main objective was to gain a higher level of confidence in the geometry of gold mineralization and expand it within and beyond the Company's current MRE boundaries. Drill hole LC23-RC251 intersected a splay of the San Pablo quartz vein, at 51 m vertical depth of 16.20 g/t Au and 19.0 g/t Ag over 3.0 m. This interval of high-grade gold mineralization was intersected outside of the current resource model and supports the potential to expand resources.
Sampling, Assaying, QA/QC and Data Verification
All reverse circulation (RC) holes were drilled dry i.e above the water table and no water or other fluids were injected into the hole. RC drill samples were collected every 1 meter using a center-return hammer and samples were obtained from a Gilson chip splitter which is cleaned using compressed air after each sample. Samples were bagged and labeled at the drill site under a geologist's supervision and are logged on site by a geologist who selects visually mineralized intervals for fire assay. The mineralized interval(s) including 3-5 samples above and below the selected interval are continuously sampled and shipped to the
All surface samples reported in this press release were sent to BV in
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Forward-Looking Information
Some of the statements contained herein may be considered 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information can be identified by words such as, without limitation, 'estimate', 'project', 'believe', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' or variations thereon or comparable terminology. The forward-looking information contained herein reflects the Company's current beliefs and expectations, based on management's reasonable assumptions, and includes, without limitation, that the Company is expected to positively reconcile to the published mineral resource with additional drilling at Las Conchitas; that the Company high-grade production will generate significant cash flows for the foreseeable future. Mako's primary objective to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package. 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, changes in the Company's exploration and development plans and growth parameters and its ability to fund its growth to reach its expected new record production numbers; unanticipated costs; the
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