Mako Mining Announces High-Grade Gold and Silver Intercepts at Las Conchitas

Mako Mining Corp. has reported significant gold and silver findings from their drilling program at Las Conchitas, located south of the San Albino gold mine. Results from 12 reverse circulation (RC) drill holes indicate potential for expanding the high-grade gold mineralization beyond the current mineral resource estimate (MRE). Notably, a drill hole in the Mango vein revealed 13.43 g/t Au and 36.8 g/t Ag over 9.0 meters, marking one of the company's broadest high-grade intercepts to date.

CEO Akiba Leisman highlighted the importance of these results in potentially extending the mine life and contributing to the company's cash flow without needing external capital. Mako Mining, leveraging the income from its high-grade San Albino mine, continues to focus on exploration across its 188 square kilometer land package. The company, having achieved significant cash flow and maintaining a strong balance sheet, has not sought equity financing since July 2020.

The drilling initiative aims to confirm and extend high-grade zones outside the current MRE, with successful intercepts already identified. For instance, additional drilling in the El Limon and Mango zones suggests the presence of high-grade, low strip ratio mineral resources that extend beyond the areas previously mined. These recent findings support the potential for resource expansion and underline Mako's capacity to explore and develop within its extensive land package effectively.