Mako Mining Corp. (TSXV: MKO) reported this morning the pre-commercial production results from its San Albino gold mine in northern Nicaragua. The results cover the production between May 12, 2021 until June 30, 2021.
The San Albino 500-tonne per day gravity and carbon-in-leach processing plant has been operational since May 12, 2021. According to the results, the plant has been averaging 456 tonnes per day at 71% availability.
The plant was able to mine a total of 4,557 tonnes of diluted vein material, which contained 1,722 gold ounces grading at 11.75 g/t gold. It also mined 25,263 tonnes of historical dump, which contained 2,088 gold ounces at 2.57 g/t gold.
Consequently, the plant milled 16,246 tonnes of material, containing 6,539 gold ounces at 12.52 g/t gold.
At the end of the pre-commercial production period, the company recovered a total of 6,300 gold ounces and posted an average of 96.3% gold recovery rate.
The company believes that its stockpiled material by the end of June is at 116,748 tonnes, containing 12,327 gold ounces grading at 3.29 g/t gold.
Following these results, the company has declared commercial production effective July 1, 2021, starting its mining activities at the Porcelana zone where it believes has the highest grade-thickness profile at the San Albino property.
Mako Mining last traded at $0.395 on the TSX Venture.
Information for this briefing was found via Sedar and Mako Mining. 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.