Mako Mining Corp (TSXV: MKO) has received drilling permits. The firm revealed this morning it has obtain permits from the Ministry of Environmental and Natural Resources of Nicaragua, with the permits granted for the Potrerillos concession.
The Potrerillos concession was originally acquired in late 2019 by the company. The concession is strategically significant to the company, in that the concession is contiguous to the concession holding the firms San Albino deposit, where it began gold production earlier this year.
Mako is presently under the impression that Potrerillos is the strike extension of the San Albino gold deposit, with the permit now enabling the company to explore that theory further.
The exploration permit granted to the company is valid for an initial ten years and can be renewed for up to twenty additional years. The firm is permitted to drill up to 800,000 metres on the property as well as 12,000 metres of trenching under the current permit.
Mako Mining last traded at $0.395 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.
