TorontoVE:MKO

MAKO MINING ANNOUNCES OPERATIONAL UPDATE ON RECOVERIES

Retrieved on: 
Monday, October 3, 2022
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VANCOUVER B.C, Oct. 3, 2022 /PRNewswire/ - Mako Mining Corp.(TSXV:MKO) (OTCQX: MAKOF) ("Mako" or the "Company") is pleased to provide the following operational and corporate updates:

Key Points: 
  • VANCOUVER B.C, Oct. 3, 2022 /PRNewswire/ - Mako Mining Corp.(TSXV:MKO) (OTCQX: MAKOF) ("Mako" or the "Company") is pleased to provide the following operational and corporate updates:
    On July 20, 2022 the Company announced Q2 2022 production results showing recoveries of 74.5%, below the 86% recoveries announced in connection with its metallurgical testing from 2019 (see press release dated December 13, 2019).
  • Nonetheless, our team's quick and diligent response through a series of testing and improvements allowed us to get back to 85.9% recoveries since August 10th.
  • We expect our recoveries to remain around this level in the future.
  • On behalf of the Board,
    Mako Mining Corp. is a publicly listed gold mining, development and exploration company.

Mako Mining Intersects 15.36 g/t Au and 16.0 g/t Ag over 6.7m Estimated True Width at Las Conchitas Central with Additional Intercepts at Las Conchitas North and South

Retrieved on: 
Thursday, September 8, 2022
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Currently, the Company has five of its seven diamond drill rigs in the Las Conchitas area, which is subdivided into three primary areas: Las Conchitas North ("LC-N"), Las Conchitas Central ("LC-C") and Las Conchitas South ("LC-S").

Key Points: 
  • Currently, the Company has five of its seven diamond drill rigs in the Las Conchitas area, which is subdivided into three primary areas: Las Conchitas North ("LC-N"), Las Conchitas Central ("LC-C") and Las Conchitas South ("LC-S").
  • Each of these areas host multiple, subparallel, northeast-southwest striking, gently dipping, gold bearing veins interpreted to be orogenic in nature.
  • To date, a total of 63,136 meters (m) have been completed in 610 diamond drill holes within the entire Las Conchitas area.
  • More importantly, this is showing continuity, with similar grades and widths over significant strike and dip extensions from this hole.

Expansion Drilling at the SW Pit Intersects 64.9 g/t Au and 87.72 g/t Ag over 2.00m (Estimated True Width) 50m From Surface

Retrieved on: 
Tuesday, September 6, 2022
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Two of the Company's seven drill rigs are currently focused on this SW Pit area.

Key Points: 
  • Two of the Company's seven drill rigs are currently focused on this SW Pit area.
  • Drill hole SA22-626 intersected multiple intervals of high-grade, near surface gold mineralization, including 64.90 g/t Au and 87.7 g/t Ag over 2m (ETW), 50m below surface.
  • Drill hole SA22-663 intersected an additional high-grade interval of 9.09 g/t Au and 11.3 g/t Ag over 2m (1.2m ETW), 36m below surface.
  • SA22-622 intersected three mineralized intervals (see table below), including 68.80 g/t Au and 60.6 g/t Ag over 0.6m (0.5m ETW) 95m from surface.

Mako Mining Intersects 85.10 g/t Au and 153.0 g/t Ag over 0.8 m (Estimated True Width) at Las Conchitas Central Connecting Mina Bonanza and Cruz Grande and Expanding the Known Strike Length to Over 295m in this Zone

Retrieved on: 
Thursday, August 18, 2022
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Las Conchitas contains numerous mineralized structures over a 1,700m by 800m area, which has been subdivided into three primary areas: Las Conchitas north ("LC-North"), Las Conchitas central ("LC-Central") and Las Conchitas south ("LC-South").

Key Points: 
  • Las Conchitas contains numerous mineralized structures over a 1,700m by 800m area, which has been subdivided into three primary areas: Las Conchitas north ("LC-North"), Las Conchitas central ("LC-Central") and Las Conchitas south ("LC-South").
  • Now we have nearly 300m of strike delineated at Mina Bonanza Cruz Grande, and open along strike and down dip.
  • Additionally, LC22-818 has confirmed an unusually thick part of this zone 68 meters from surface.
  • Results from this hole will be received over the course of the next few weeks."

Mako Mining Provides Q2 2022 Financial Results

Retrieved on: 
Tuesday, August 16, 2022
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(3) Refer to "Chart 1 Q2 2022 - Mine OCF Calculation and Cash Reconciliation (in $ millions)" for a reconciliation of the beginning and ending cash position of the Company, including OCF.

Key Points: 
  • (3) Refer to "Chart 1 Q2 2022 - Mine OCF Calculation and Cash Reconciliation (in $ millions)" for a reconciliation of the beginning and ending cash position of the Company, including OCF.
  • Refer to information under the heading "Non-GAAP Measures" later in this press release
    Refers to a Non-GAAP financial measure within the meaning of NI 52-112.
  • On behalf of the Board,
    Mako Mining Corp. is a publicly listed gold mining, development and exploration company.
  • Such information contained herein represents management's best judgment as of the date hereof, based on information currently available and is included for the purposes of providing investors with information regarding the Company's Q2 2022 financial results and may not be appropriate for other purposes.

Mako Mining Discovers Another New Gold Bearing Vein at Las Conchitas North; Intersects 37.28 g/t of Au and 34.94 g/t of Ag over 2.5 m (Estimated True Width)

Retrieved on: 
Thursday, July 28, 2022
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Las Conchitas comprises an area of approximately 3.75km2 and it has been subdivided into three primary areas: Las Conchitas North ("LC-N"), Las Conchitas Central ("LC-C") and Las Conchitas South ("LC-S").

Key Points: 
  • Las Conchitas comprises an area of approximately 3.75km2 and it has been subdivided into three primary areas: Las Conchitas North ("LC-N"), Las Conchitas Central ("LC-C") and Las Conchitas South ("LC-S").
  • Akiba Leisman, CEO of Mako states, "Crucita is the second shallow high-grade discovery the Company has announced over the past 2 months at Las Conchitas.
  • Over the course of the next few months, we will release additional exploration results that will continue to show the true potential of our burgeoning gold mining district."
  • Including the new discovery, five gold bearing structures have been identified in the LC-N area to date.

Mako Mining Provides Q2 2022 Production Results

Retrieved on: 
Wednesday, July 20, 2022
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VANCOUVER, BC, July 20, 2022 /PRNewswire/ - Mako Mining Corp.(TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company")is pleased to provide second quarter 2022 ("Q2 2022") production results from its San Albino gold mine ("San Albino") in northern Nicaragua, which is the fourth full quarter of production results since declaring commercial production on July 1st, 2021.

Key Points: 
  • VANCOUVER, BC, July 20, 2022 /PRNewswire/ - Mako Mining Corp.(TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company")is pleased to provide second quarter 2022 ("Q2 2022") production results from its San Albino gold mine ("San Albino") in northern Nicaragua, which is the fourth full quarter of production results since declaring commercial production on July 1st, 2021.
  • Financial results for Q2 2022, including detailed reporting of our operating costs, are expected to be released in August.
  • The plant is going through a series of optimizations to eliminate free cyanide concentrations in the recycled water, which will continue throughout Q3 2022.
  • On behalf of the Board,
    Mako Mining Corp. is a publicly listed gold mining, development and exploration company.

MAKO MINING PROVIDES UPDATE ON ONE YEAR ANNIVERSARY SINCE DECLARING COMMERCIAL PRODUCTION

Retrieved on: 
Tuesday, July 5, 2022
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VANCOUVER, BC, July 5th, 2022 /PRNewswire/ - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company") is pleased to provide an update on its first anniversary since declaring commercial production at its San Albino mine in Northern Nicaragua.

Key Points: 
  • VANCOUVER, BC, July 5th, 2022 /PRNewswire/ - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company") is pleased to provide an update on its first anniversary since declaring commercial production at its San Albino mine in Northern Nicaragua.
  • Mako has now been in commercial production for 1 year.
  • Having just finished Q2 2022, some of the production statistics below are estimates as they have not been fully reconciled.
  • Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Mako Mining Intersects 42.91 g/t Au and 38.3 g/t Ag over 4.1m (Estimated True Width) in New Zone, 35.5m from Surface, 50m from Current Mining - Over 530m Strike Length, Open Along Strike and down Dip

Retrieved on: 
Tuesday, June 21, 2022
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At the time of the resource estimate, this area measured approximately 50m x 50m (see drill plan below).

Key Points: 
  • At the time of the resource estimate, this area measured approximately 50m x 50m (see drill plan below).
  • To date a total of 27,533 meters (m) in 202 drill holes (2011-2022) has been completed in the area.
  • SA22-609 intersected a mineralized interval of 21.21 g/t Au and 35.5 g/t Ag over 2.00m (1.4m ETW) 127.3m from surface.
  • Both of these drill holes confirmed down dip, high-grade mineralization intersected by drill holes SA21-536 and SA21-543 for an additional 38m.

Mako Mining Announces Discovery of New Gold Bearing Veins at Las Conchitas North; Intersects 51.80 g/t of Au and 29.8 g/t of Ag over 0.90 m (Estimated True Width)

Retrieved on: 
Wednesday, June 1, 2022
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The LC-N area is located approximately 750 meters ("m") south of the San Albino gold mine ("San Albino") which is currently in commercial production.

Key Points: 
  • The LC-N area is located approximately 750 meters ("m") south of the San Albino gold mine ("San Albino") which is currently in commercial production.
  • The best drill result of 6.0 m averaging 4.13 g/t Au and 3.8 g/t Ag was reported in hole SP18-03.
  • In 2022, the Company intends to complete environmental, metallurgical and engineering studies, and to initiate the mine permitting process for Las Conchitas.
  • A maiden resource estimate for the entire Las Conchitas area is planned for Q4 2022 Q1 2023.