Mako Mining Intersects High-Grade Gold, Extending Permitted Mining Area at Las Conchitas

summarizeSummary

Mako Mining Corp. announced substantial high-grade gold drill results at its Las Conchitas project, significantly extending a permitted mining area and signaling strong potential for pit expansion and a longer mine life.

check_boxKey Events

• Significant High-Grade Gold Intercepts

  Mako Mining reported drill results including 26.98 g/t Au over 6.8 m Estimated True Width (ETW), 21.79 g/t Au over 4.0 m ETW, 17.89 g/t Au over 1.5 m ETW, and 29.18 g/t Au over 5.1 m ETW at its Las Conchitas project.

• Extension of Permitted Mining Area

  The drilling has extended gold mineralization within a fully permitted mining area to over 450 meters of strike, located immediately south of the San Albino gold mine. This extends beyond the current pit limits defined by the 2023 mineral resource estimate.

• Potential for Pit Expansion and Mine Life Extension

  The near-surface, high-grade results support the potential for significant pit expansion at the existing Limon-Mango-Bayacun (LMB) pit and are aimed at defining additional mineral resources to extend the San Albino operation's mine life.

• CEO Highlights Importance

  Akiba Leisman, CEO, stated these drill results are 'among the most significant over the past six years of mining,' emphasizing their potential to substantially enlarge the current LMB pit.

auto_awesomeAnalysis

Mako Mining Corp. has reported highly significant exploration results from its Las Conchitas project, with multiple high-grade gold intercepts extending a fully permitted mining area. These results, described by the CEO as among the most significant in six years, indicate strong potential for expanding the existing San Albino operation and extending its mine life. The discovery of near-surface, high-grade mineralization beyond current pit limits in a permitted area reduces development risk and provides a clear path for future production growth, with development planned for Q4 2026.