Mako Mining – Q3 Production Update From San Albino Mine And Exploration Update From Las Conchitas
Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), joins us for a comprehensive update on the operations at the San Albino mine, as well exploration at the Southwest Pit and the Los Conchitas Project. We start off with the breaking news this week regarding the US sanctions on Nicaragua and what if anything it has changed at the San Albino Gold Mine or exploration on the large land concession.
We then review the changes and tweaks the operations team made to the process on August 10th, to get gold recovery rates back up over the targeted 86%, and to handle the “preg-robbing” from the carbon in the ore and leach. While this impacted Q2 and part of Q3 production, the mill is running above capacity on throughput and recovery rates since those mid-August changes, and is projected to be reporting better numbers for Q4 and moving forward into 2023.
Next we shifted over to the solid exploration results and recent high-grade drill hits returned back from three different targets at the Las Conchitas Project. Drill results at Las Conchitas North included 42.59 g/t Au and 31.3 g/t Ag over 2.10 meters, and 26.66 g/t Au and 47.7 g/t Ag over 2.50 meters at Mina Francisco. Drill results at Las Conchitas Central included 25.07 g/t Au and 31.0 g/t Ag over 2.20 meters, and 27.30 g/t Au and 20.9 g/t Ag over 1.10 meter at Cruz Grande. Drill results at Las Conchitas South included 14.50 g/t Au and 10.8 g/t Ag over 0.60 meter, and 65.45 g/t Au and 41.7 g/t Ag over 1.80 meters at El Limon.
The Company currently has five of its seven diamond drill rigs in the Las Conchitas area, which is located between the San Albino Mine and the historical El Golfo Mine located within the Company’s El Jicaro Concession. There are also still 2 drill rigs operating near the San Albino Mine continuing to expand on the new discoveries and along strike at the Southwest Pit. These are all building towards a new resource estimate in the first half of 2023, which will be followed by an updated mine plan and economics.
If you have any questions for Akiba about Mako Mining, then please email us at either Fleck@kereport.com or Shad@kerport.com.
Click here for a summary of the recent news out of Mako Mining.
Yes it was great to get Akiba on the show for an update on Mako Mining to find out how the recoveries improved when they adjusted the process and fixed the carbon in leach circuit. It was also timely in getting his feedback as to how the Nicaraguan sanctions may factor into things. Still, my biggest takeaway each time we chat about MKO is the huge exploration upside with this company — not just at San Albino, but more interesting those high-grade hits from multiple zones at Las Conchitas and some of the other regional targets on deck next… like La Segoviana and El Golfo.
They’ve got a lot going for them, and hopefully they can figure out exactly what these US sanctions to Nicaragua will mean to them as a Canadian company operating there in due time, so that the market has more clarity.
(CXB) (CXBMF) Calibre Provides Update and Confirms no Material Impact on Operations
27 Oct 2022
“…following discussions with its advisors relating to the sanctions imposed on the Nicaraguan General Directorate of Mines by the United States Treasury Department on October 24, 2022 (the “Sanctions”) and an internal review of its current and future planned operations, the Company confirms that the Sanctions do not have a material impact on its Nicaraguan operations.”
https://ceo.ca/@globenewswire/calibre-provides-update-and-confirms-no-material-impact
Up 22% on this news and clarification, and it was up yesterday on the initial clarification.
Mako getting a bid today as well. Man investors like to overreact to news on both sides. Gotta love the volatility.
Back into Calibre with double the shares I had. (Paid for a few with transaction and got some carry over losses). Also completed Mako buy back with double shares ( most new add-ons paid for by transaction)
Added a few to Stillwater as it continues to be held down.
Nighthawk Gold just reported 2.09 G/T AU over 92 meters. DT
That’s a good drill hit by Nighthawk.
This is one better, a couple of days ago Freegold Ventures announced 2.57 G/T AU over 155.5 meters at Golden Summit, the market did a burp and then yawned! LOL! DT
Nothing new to report: same ol ups/downs and account errors.
(Still watching it, but a new obvious trend may be capping the stocks with more potential up/down, and swinging the more junior ones wider.)
You know we are in a crazy market when Doge(y) Coin goes up 40% in two days! WOOF, WOOF! DT
Closing in on another Fed meeting where they will discuss personal investments. Cryptos being pumped on CNBS to continue to pretend gold/silver doesn’t exist until the boats with Central Banking physical reaches the Cayman’s safely and can be deposited in member bank accounts. 🏄🏼♂️
Clear sailing for all that Nicaraguan gold directly to the Caymans.
WOW… I accumulated more MKO to bring my total holdings over 5 million. I still have paperwork for when I paid over $1./share way back when it was GRR..
Let’s hope it gets back there (pre-split) before they plant me 6ft. under sometime this century!
Cory/Shad:
Thanks for the update as promised. I added a few more today. We will see how this plays out as they have a lot going on.