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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