Mako Mining Announces Improvements in Operating Performance

About this update from Mako Mining Corp.

[{"type":"text","content":"Mako Mining Announces Improvements in Operating PerformanceVANCOUVER, BC / ACCESSWIRE / September 20, 2023 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) (\"Mako\" or the \"Company\") is pleased to provide the following update:Since late February and prior to receiving Las Conchitas permits (see Press Release dated June 19th), the Company was affected by processing a higher proportion of lower grade stockpiled material; this affected both the blended head grade and plant metallurgical recovery. Initial permits for Las Conchitas were received in June and Las Conchitas material started to be processed in late July. After a two week ramp up period, the Company has resumed its original processing plan of producing 50% high grade diluted vein material with 50% lower grade stockpile material, which resulted in substantial improvements in head grades and recoveries. Since August 14th, 2023, the Company registered head grades of 8.0 g/t Au and recoveries averaging 81.4%. Month to date, head grades have been 8.9 g/t with recoveries averaging 85.9% (see table below).Table 1 - Preliminary Production Stats *Preliminary results based on information obtained through September 18th, 2023Akiba Leisman, CEO of Mako states that \"now that the initial permits for Las Conchitas are in place, since August 14th the Company has been processing planned rates of 50% diluted vein material with 50% lower grade stockpile material, up from the 35%/65% ratio the Company was processing from late February through early August. Head grades, recoveries and gold sales are all materially higher, which will have a substantial positive impact to cash flow and profitability.\"Qualified PersonJohn Rust, a metallurgical engineer, and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this press release. Mr. Rust is a senior metallurgist and a consultant to the Company.On behalf of the Board,Akiba LeismanCEOAbout MakoMako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally. Mako's primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.For further informatio...

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