Mako Mining (TSXV: MKO) is nearing commercial production at its San Albino gold project in Nicaragua. The company this morning announced the completion of the mining on the upper half of the third bench this morning, referred to as Half Bench 601, which graded 14.21 g/t gold and 25.4 g/t silver.
The bench reportedly consisting of a three metre half bench, with a total of 1,784 tonnes of vein material being removed, which has now been stockpiled on site while awaiting processing. The company this morning revealed that processing of the material is anticipated to begin the ramp up to commercial production this month, and will carry through to early Q2 2021.
The company is currently in the proicess of assembling the processing plant, which when complete will be capable of processing 500 tonnes per day of material. Currently, the crusher and mill is operational, with the first gold pour planned for later this month yet.
The company currently believes that its stockpiled material contains a total of 3,349 ounces of gold and 5,536 ounces of silver, within 6,905 tonnes of diluted vein material. These figures do not include historical dumps of material, which further add to anticipated mineral amounts.
Mako Mining last traded at $0.36 on the TSX Venture.
Information for this briefing was found via Sedar and Mako Mining Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
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