Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), joins us to outline the over 110,000 meter drill program underway to expand the mineral resources and production throughput at the San Albino Gold Mine in northern Nicaragua. The drilling will occur around the San Albino mine at the NorthEast extension of the West Pit, and at the Southwest Zone, where resources are expected to grow substantially, and where early drill core already shows promising visual mineralization has been encountered. In addition we reviewed the large percentage of drilling that would occur at the Las Conchitas target at both the more advanced Southern Zone and also some new discovery drilling at the Central/North Zone. There will also be more regional drilling at both the Potrerillos and La Segoviana targets looking for more potential high-grade open pits to grow the production profile.
The 2 RC rigs will be used for targeting purposes, and will have assays processed in their production lab, to guide the 7 core drill rigs that will be doing the largest part of exploration this year. At present there are 4 drill rigs turning, with 2 more starting up in the next few weeks, and then more to be added as the year progresses. The goal of the company over the next year is to grow the resources to the point where the production throughput can grow from 500 tonnes per day, to 1000 tonnes per day, moving the annual ounces produced from 40,000-45,000 up to 80,000-90,000 ounces per annum.
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