Mako Mining Corp. is pleased to provide an operating update from its San Albino gold project in northern Nicaragua. All components of the 500 tonne per day gravity and carbon-in-leach processing plant are fully operational. The plant has been achieving throughputs above 75% of rated capacity, and it has been processing high-grade material with an average grade of 16.5 grams per tonne since May 12, 2021. While a few more [...]
Mako Mining Corp. is pleased to report initial results from a reconnaissance exploration program on its recently granted La Segoviana exploration and exploitation concession. The La Segoviana Concession covers an area of approximately 3,845 ha and is contiguous to the north and northwest of the Company's San Albino-Murra concession in Nueva Segovia. Highlights Initial mapping and sampling have identified at least four [...]
Mako Mining Corp. is pleased to report grade and tonnage results from mining the first four benches of the San Albino vein at its San Albino gold project in northern Nicaragua. The mined benches consisted of four, six-meter benches between 610 and 592 meters above sea level and contained a total of 7,734 ounces Au and 12,269 ounces Ag within 13,787 tonnes of diluted vein material grading 17.45 g/t Au and 27.7 g/t Ag [...]
Mako Mining Corp. is pleased to announce that it has now completed the sale of 100% of the shares of Marlin Gold Mining Ltd. to GR Silver Mining Ltd., as previously announced in its press release dated February 1, 2021. Mako has received C$50,000 in cash and a 1% net smelter returns royalty on all concessions currently owned by Oro Gold de Mexico, S.A. de C.V. , and is no longer responsible for approximately US$9.8 [...]
Mako Mining Corp. is pleased to report positive drill results from infill drilling at the Arras Zone within its San Albino gold project in northern Nicaragua. The objective of the drill program at the Arras Zone is to increase the level of confidence in the currently defined resources and to define additional, shallow, high-grade resources. The Company is following a systematic approach of drilling shallow holes by [...]
Mako Mining Corp. is pleased to report positive drill results from expansion drilling at its San Albino gold project in northern Nicaragua. The objective of this drill program was to target the SW Zone at San Albino, where very limited mineral resources were estimated by Mine Development Associates. A technical report for the updated mineral resource estimate was filed in accordance with National Instrument 43-101 [...]
Mako Mining Corp. is pleased to announce that further to its press release of February 16, 2021, it has now entered into the main credit facility with Nebari Natural Resources Credit Fund I, LP to provide financing of US$6.34 million. The Company proposes to use the funds to accelerate the ramp up of mining operations at the San Albino gold project in northern Nicaragua, the acceleration of the previously announced US$8.5 [...]
Mako Mining Corp. is pleased to announce that it is in final negotiations with Nebari Natural Resources Credit Fund I, LP to provide financing of US$6.34 million, including a US$500,000 bridge loan that has now been funded . The Company proposes to use the funds from the Financing to accelerate the ramp up of mining operations at the San Albino gold project in northern Nicaragua, the acceleration of the previously [...]
Mako Mining Corp. is pleased to announce the grant today of 1,000,000 incentive stock options to its newly appointed Chief Financial Officer in accordance with the terms of the Company's Stock Option Plan. The stock options are exercisable at a price of C$0.345 per share for a term of five years, expiring on February 4, 2026, and shall vest as to 25% on the grant date today, and as to 25% on each of the first, second and [...]
Mako Mining Corp. is pleased to announce the commencement of processing of stockpiled material at the San Albino gold project in northern Nicaragua, the initiation of a 50,000 meter drilling program across the Company's district-scale land package and the appointment of a new Chief Financial Officer and Corporate Secretary. Akiba Leisman, Chief Executive Officer of Mako states that, "This is an exciting time for Mako as [...]
Mako Mining Corp. is pleased to report grade and tonnage results from mining of the upper half of the third bench of the San Albino vein at its San Albino gold project in northern Nicaragua. The mined bench consisted of one three-meter half bench between 601 and 604 meters above sea level and contained 815 ounces Au and 1,456 ounces Ag within 1,784 tonnes of diluted vein material grading 14.21 g/t Au and 25.4g/t Ag. The [...]
GR Silver Mining Ltd. and Mako Mining Corp. have agreed to amend their Letter of Intent dated December 12, 2019, to extend the date by which they are required to sign a Definitive Agreement to January 31, 2021. Pursuant to the LOI, GR Silver and Mako agreed to negotiate an arm's length transaction whereby GR Silver would acquire 100% of the issued and outstanding shares of Marlin Gold Mining Ltd. from Mako and to enter [...]
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