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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.