Mako Mining Corp (TSXV: MKO) reported yesterday morning that it has secured an exploration permit for the La Segoviana concession. The permit was granted by the Ministry of Environmental and Natural Resources in Nicaragua.
The concession was granted to the mining firm in 2020. The permit comes a month after the company received drilling permits for the Potrerillos concession.
The permit has a 10-year validity, renewable for another 20 years. It allows the firm up to 1,100,000 metres of drilling consisting: 500,000 metres of diamond drilling, 300,000 metres of reverse circulation drilling, and 300,000 metres of blast hole drilling. The company is also permitted up to 32,500 metres of trenching.
In August 2021, the mining firm reported samples from the concession, with a highlight assay of 82.50 g/t gold and 169.0 g/t silver over 1.0 metre coming from the La Reforma prospect.
The company further reported that it will be preparing a budget for the first exploration program at the site in early 2022.
Mako Mining last traded at $0.355 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. 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.
