LAS CONCHITAS AREA

The Las Conchitas area is located immediately south (2.5 km) of Mako’s high-grade San Albino Gold Deposit and is situated near the southern end of the Corona de Oro Gold Belt, a corridor 3 km wide by 23 km long, bearing hundreds of historical mines and workings.

Exploration activities by the Company identified at least seven highly mineralized structures within the Las Conchitas area, with strike lengths ranging from 500 m to more than 1 km, all located within a roughly 2.5 sq. km area.

Mako has completed a significant trenching program at Las Conchitas covering 4,300 m in 134 trenches and exploration pits.

The preliminary metallurgical testing (gravity recovery followed by the cyanidation of gravity tailings), from composite trench samples at Las Conchitas, returned very positive results averaging:

95.7% gold and 68.5% silver recovery, grading on average 8.70 g/t Au and 20.10 g/t Ag.

These are excellent preliminary results and are comparable to those reported for the San Albino Gold Deposit.

Drilling at Las Conchitas has confirmed down-dip continuity of highly mineralized zones identified by trenching. Specifically, a 2,000 m diamond drilling program was completed in 2018 and a 6,100 m diamond drilling program was completed in 2019. Drilling program underway to delineate a maiden resource at Las Conchitas.

Las Conchitas Drill Hole Database

[](https://makominingcorp.com/_resources/projects/las-conchitas/images/Long-Section-Oct-30-2020.pdf)