Mako Mining Intersects 117.98 g/t Gold over 1.7m (Estimated True Width) at Las Conchitas

VANCOUVER, BC / ACCESS Newswire / May 14, 2025 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to provide additional exploration results from the ongoing reverse circulation ("RC") drill program at Mako's newest mining area, Las Conchitas in northern Nicaragua. Las Conchitas is located between the Company's San Albino Gold Mine and the nearby historical El Golfo Mine on the Company's El Jicaro Concession, where the Company has recently initiated an exploration drilling campaign (please see figure attached).

The RC and diamond drill program at Los Conchitas has two key objectives: 1) to identify extensions of high-grade gold veins beyond the mineralized limits of the deposit as defined by the Company's "Amended Technical Report and Estimate of Mineral Resources (MRE) for the San Albino Project Comprised of the San Albino and Las Conchitas Deposits, Nueva Segovia, Nicaragua" dated October 11, 2023 and updated on June 10, 2024; and 2) to further evaluate the underground resource potential and geotechnical characteristics to support the proposed Las Conchitas underground development.

The drill results reported in this release are from multiple subparallel, northeast-southwest striking and gently dipping gold-bearing quartz veins. These results allow the Company to assess and identify potential future mining areas within the permitted ultimate open pit, as well as to assess potential areas for underground mining.

Drilling Highlights

• Cruz Grande/El Limon Vein

  • 117.98 grams per tonne ("g/t") gold ("Au") and 37.0 g/t silver ("Ag") over 2.0 m (1.7 m Estimated True Width ("ETW"))

• Intermediate Vein

  • 14.76 g/t Au and 13.67 g/t Ag over 3.0 m (2.6 m ETW)

• Mina Francisco Vein

  • 18.14 g/t Au and 9.5 g/t Ag over 7.0 m (6.7 m ETW)

  • 29.57 g/t Au and 66.7 g/t Ag over 3.0 m (2.6 m ETW)

  • 24.59 g/t Au and 10.2 g/t Ag over 4.0 m (3.1 m ETW)

• Bayacun Vein (LMB Pit)

  • 24.95 g/t Au and 28.9 g/t Ag over 4.0 m (3.9 m ETW)

Akiba Leisman, CEO of Mako states, "these results demonstrate the high-grade nature of Las Conchitas, with clear potential to expand known areas that will be amenable to both open-pit and underground mining methods. Las Conchitas continues to be a profitable mining area for Mako since gold extraction began in July 2023, supplementing commercial production from the primary San Albino area since July 2021, and it will be an important contributor to Mako from its open pit and underground resources for the foreseeable future. However, Las Conchitas was selected as our second priority because of access and logistics, not because of resource potential. Our second priority was always at the historic El Golfo area to the southwest of Las Conchitas. Drilling at El Golfo commenced in April, with results due back imminently."

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