Sunday, August 3, 2025

Latest

Mako Mining Mines 1,002 Ounces Of Gold In First Full Bench At San Albino

Mako Mining (TSXV: MKO) this morning announced that it has completed mining of its first full bench at its open pit mine at the San Albino gold project in Northern Nicaragua. The benches consisted of two separate three meter wide half benches.

The first mining that was conducted at the project focused on the San Albino vein, with the two half benches found to have contained 1,002 ounces of gold and 1,511 ounces of silver. Total tonnage from the benches came in at 2,654 tonnes, resulting in a grading of 11.74 g/t gold and 17.7 g/t silver.

The mined material is now being stockpiled while awaiting processing, in combination with 3,710 of historical material from bench 610 and 4,835 tonnes of low grade material. An additional 33,777 tonnes of waste material were produced in the process. The stockpile will be used as mill feed during the ramp up to commercial production that is set to commence in January.

Grades of material were estimated based on 1 meter composite intervals using a methodology referred to as inverse distance cubed.

The San Albino project currently has indicated mineral resources of 150.4 thousand ounces at a grade of 7.13 g/t gold, along with 192.0 thousand ounces of inferred minerals at 6.78 g/t gold, both of which are referred to as in-pit resources.

Mako Mining last traded at $0.42 on the TSX Venture.


Information for this briefing was found via Sedar and Maritime Resources 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.

Video Articles

AngloGold Buys Another Gold Junior! Augusta Gold Acquired For $197 Million

Another Gold Deal! Aris Mining Sells Assets To McFarlane

Royal Gold Goes Big | $3.5 Billion Sandstorm Acquisition

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Inca One Gold Reports US$9.7 Million In Q3 Sales

Inca One Gold (TSXV: INCA) this morning released unaudited gold and silver sales data for...

Tuesday, October 19, 2021, 08:03:06 AM

A Discussion On Gold, Silver, and Bitcoin With Florian Grummes

Today on the Daily Dive we sit down with returning guest Florian Grummes, a precious...

Wednesday, July 28, 2021, 01:30:00 PM

New Gold Reports Q2 Revenues Of $198 Million, Net Loss

New Gold Inc. (TSX: NGD) today reported its second quarter 2021 results for the period...

Wednesday, August 11, 2021, 09:37:00 AM

Russia May Soon Be Hiding Its Gold And Foreign Reserves From The Public

After the Group of 7 nations announced a ban on Russia’s gold imports, Moscow appears...

Friday, July 8, 2022, 10:52:00 AM

China Plans to Expand Shanghai Gold Exchange Internationally

China’s central bank and three other government departments have unveiled an ambitious plan to enhance...

Wednesday, April 23, 2025, 03:47:00 PM