- Mako Mining (MKO) reports high-grade gold discoveries at Las Conchitas, Nicaragua, with notable intersections.
- Discovery of new high-grade vein (MF2) at Mina Francisco indicates potential for additional underground resources.
- Las Conchitas has been profitable since July 2023, complementing production from the San Albino mine.
Mako Mining Corp. (MKO) has announced significant high-grade gold discoveries from its ongoing reverse circulation drilling program at Las Conchitas in Nicaragua. Key findings include an outstanding intersection of 117.98 grams per tonne (g/t) gold over 1.7 meters (m) estimated true width (ETW) at the Cruz Grande/El Limon Vein, 18.14 g/t gold over 6.7 m ETW at the Mina Francisco Vein, and 24.95 g/t gold over 3.9 m ETW at the Bayacun Vein. The drilling initiative aims to extend known high-grade veins and evaluate the underground resource potential.
A notable exploration breakthrough is the discovery of a new high-grade vein, dubbed MF2, at the Mina Francisco site. This indicates higher grade-thickness than previously identified, signaling potential for additional underground resources. These developments could play a critical role in expanding the mining plan at Las Conchitas.
Since commencing operations in July 2023, the Las Conchitas project has continued to be profitable, supplementing production from the primary San Albino mine. Mako Mining has also started exploration at the historic El Golfo area, with results anticipated shortly.
The company's CEO, Akiba Leisman, affirmed the positive results, stating that the high-grade nature of Las Conchitas represents a substantial opportunity for both open-pit and underground mining methods. The company remains optimistic about the exploration and production potential in the region, with ongoing objectives to identify extensions of high-grade veins and evaluate geotechnical characteristics for future development.
