Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQB:MAKOF), joins us to outline the Company exploration, development, and production growth strategy for 2022 at the San Albino Gold Mine in northern Nicaragua. The company declared commercial production on July 1, 2021 and has now ramped up the mill to the planned 500 tpd throughput, and is also exploring and developing the nearby Los Conchitas property to supplement the mill feed to grow it to 1000 tpd by the end of the year.
We review the relatively low $5 million capex and 5 months of construction needed to bring Los Conchitas into production by Q4, and the aggressive drilling there, with 4 drill rigs there this year to prove up an initial maiden resource by Q3. The company has the appropriate surface rights, and just received the permit for a new expanded waste dump, and will be getting a new tailings filter press and starting work on the pit construction as the year progresses.
Next we have Akiba map out how it will grow from 4 drill rigs, to 6 drill rigs, and eventually 8 drill rigs turning on their various projects for upward of an 80,000 meter drill program in 2022. In addition to the main focus of exploration at Los Conchitas on 7 prospects, and the high grade Mango Vein, there have been 2 drill rigs exploring and expanding the SouthWest Pit Zone at San Albino. There are plans to have the 7th and 8th drill rigs do some regional drilling at Potrerillos and to the north at Las Segoviana as the year progresses. We wrap up with discussion on the constructive mining and social environment in Nicaragua as a jurisdiction.
If you have any questions for Akiba regarding Mako Mining, then email us at either Fleck@kereport.com or Shad@kereport.com.
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