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TICKERS: MKO; MAKOF

High-Grade Gold Mineralization Extended at Nicaragua Project
News Update

Source:

Mako Mining presents the highlights of recent positive drill results.

San Albino project

In a news release, Mako Mining Corp. (MKO:TSX.V; MAKOF:OTCMKTS) announced that drilling in the Las Conchitas area of its San Albino-Murra property in Nicaragua extended near-surface, high-grade gold mineralization.

Results are available for 17 holes totaling 1,669 meters (1,669m) and drilled in five zones. Assays are pending for another 52 holes.

Of this batch of results, two holes, in the Bayacun zone, returned intervals with the highest grade: LC20-165 and LC20-162. Hole LC20-165 intersected 32.73 grams per ton (32.73 g/t) gold and 33.7 g/t silver over 3.1m at about 56m from surface. Hole LC20-162 intersected 30.61 g/t gold and 37.1 g/t silver over 3.4m at roughly 63m from surface.

"These results at the Bayacun zone of Las Conchitas further support our thesis that the San Albino deposit is part of a larger high-grade, near surface gold system on the company's 150 square kilometer land package," Mako Mining CEO Akiba Leisman said in the release.

"As we continue drilling and as we gain invaluable information from mining the San Albino deposit to the north, we expect to advance Las Conchitas to the point where it can become our second area of mining over the next couple of years." Las Conchitas is about 2.5 kilometers south of San Albino that is under construction.

Another highlight hole, LC20-148, this one in the Limon zone, demonstrated 20.94 g/t gold and 6.13 g/t silver over 2.3m at about 73m from surface. The gold mineralization there remains open to the southwest.

The ultimate goal of Mako's 2020 drill program at Las Conchitas is to establish a maiden resource, the company stated.

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