The La Segoviana Concession covers roughly roughly 38.5 km2 and is contiguous to the north and northwest of the firm’s San Albino-Murra concession in Nueva Segovia, Nicaragua
Preliminary mapping and sampling identified not lower than four potentialities internal the La Segoviana Concession with high-grade gold values and vein-traits savor those currently being mined on the San Albino Deposit 21 km south. Roughly 6 km of strike doable contain been identified internal the La Segoviana Concession.
Assay results from channel samples embody 40.70 g/t gold and 16.1 g/t silver over 1.0 metre; 43.50 g/t gold and 40.3 g/t silver over 1.0 metre; and 38.20 g/t gold and 33.1 g/t silver over 1.0 metre.
Akiba Leisman, CEO of Mako, mentioned that, “We are repeatedly engaged on three desires concurrently; commercializing our 500 tonne-per-day mining operation at San Albino, developing a useful resource at Las Conchitas to double the dimensions of our operations, and proving that we contain an orogenic gold mining district. This day’s reconnaissance results and those released last year on the Potrerillos Concession are section of an ongoing regional exploration program that will shortly embody drilling at these and others prospective targets in the future of our roughly 188 km2 land kit.”
The recent reconnaissance exploration program covers the northern half of the La Segoviana Concession and entails geological mapping and sampling of uncovered mineralized veins, local mine dumps and, the set aside safely accessible, underground workings.
The significant aim is to win key structural files of mineralized veins, verify the high-grade nature of gold mineralization and procedure historical ground and underground workings. This files shall be frail to prioritize targets for follow-up exploration and drilling.
Preliminary mapping and sampling on the La Segoviana Concession are confirming the existence of high-grade gold mineralization over a most well-known strike doable at four potentialities including, El Silencio, La Reforma, San Luis-Caballo and Minas America. Up to now, the grade, attitude, minerology, and width of the veins identified on the La Segoviana Concession are connected to the veins currently being mined on the San Albino Deposit. A total of 35 channel samples had been amassed with 23 samples representing the in-situ vein and 12 dump samples. Assays fluctuate from 0.02 to 43.5 g/t gold, with 12 samples reporting over 10 g/t gold and 15 samples reporting 1-10 g/t gold.