Mako Mining – More High-Grade Gold Drill Results At Las Conchitas – Exploration And Operations Update At San Albino Project
Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), joins me to review more of the high-grade gold drill results at the Las Conchitas area, and an overall exploration and operations update at the larger San Albino Project in Nicaragua.
We start off recapping the key takeaways from the 12 RC drill holes, completed this year in the southern portion of Las Conchitas, and contrast them with prior results drilled since the Maiden Resource Estimate. These new intercepts have identified potential extensions of the El Limon and Mango mineralized structures, and show the potential to expand the high-grade, gold mineralization within the currently defined open pits as well as potential extensions outside of the current MRE. The Mango intercept (noted below) is one of the widest mineralized, shallow, high-grade intervals reported to date by the Company.
Drill Highlights Include:
- 43 g/t Au and 36.8 g/t Ag over 9.0 m (Estimated True Width – ETW) – Mango vein
- 65 g/t Au and 11.8 g/t Ag over 2.0 m (ETW) – El Limon vein
- 30 g/t Au and 14.9 g/t Ag over 1.0 m (ETW) – Mango 2 vein
Akiba outlined that their team has been mining this area at Las Conchitas since last November at the Limon Vein, and that these results at the Mango Vein will be turned into cash flow over the course of the next two years through normal mining operations. We then get into the larger discussion of the operations and cash flows being generated at the San Albino project, allowing them to invest those into more exploration, both near the existing pits, at depth showing the potential for an underground mining scenario, and regionally at other targets like Potrerillos and La Segoviana.
We wrap with some bigger picture views on how Mako Mining intends to take advantage of the new bull market in gold to grow their company, not just organically, but also through accretive acquisitions.
If you have any further questions for Akiba regarding Mako Mining, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Mako Mining at the time of this recording.
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The price of silver in percentage terms is beating the price of gold in all categories, weekly, monthly and year over year. I expect the market to start to reflect this in terms of silver stocks verses gold stocks. DT
Good point DT. Nice to see Silver outperforming Gold lately. We want to see that relative strength in silver and the PM mining stocks. Most of the silver producers were up 1%-7% today, and many of the gold producers and royalty companies were up similar amounts, even while gold closed mildly in the red. That is the kind of action we want to start seeing more of.
Most of my silver juniors have been getting volume, but bumping along the bottom not unlike Impact Silver. Mako had a nice early move. THM and CHPGF have been giving me good action.
Get prepared to be replaced, by a robot and the important part to remember is it is made in China, and will soon be mass produced, Fabrique’ Au Chine!
https://www.msn.com/en-ca/money/technology/chinese-robot-sets-world-record-for-running-speed-company-claims-it-will-go-even-faster/ar-BB1jYys7?ocid=msedgdhp&pc=U531&cvid=0fea5912f7bb