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Mako Mining Announces Proposed Acquisition of the Permitted Mt. Hamilton Gold-Silver Project in Nevada Along with a Well-Defined Tungsten-Copper-Molybdenum Target, Marking the Company's First Foray Into USA Domiciled Critical Metals Without Any Equity Dilution
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / September 30, 2025 / Mako Mining Corp. (" Ma...
About this update from Mako Mining Corp.
[{"type":"text","content":"Mako Mining Announces Proposed Acquisition of the Permitted Mt. Hamilton Gold-Silver Project in Nevada Along with a Well-Defined Tungsten-Copper-Molybdenum Target, Marking the Company's First Foray Into USA Domiciled Critical Metals Without Any Equity DilutionVANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / September 30, 2025 / Mako Mining Corp. (\"Mako\" or the \"Company\") (TSXV:MKO)(OTCQX:MAKOF) is pleased to announce the entering into of a binding term sheet (the \"Term Sheet\") with Sailfish Royalty Corp. (\"Sailfish\") to acquire the Mt. Hamilton Gold-Silver Project (the \"Mt. Hamilton Project\") located in White Pine County, Nevada, USA, through the acquisition of 100% of Mt. Hamilton LLC (\"MH LLC\"), the direct owner of the Mt. Hamilton Project, through a series of transactions. Sailfish will acquire MH LLC on an arm's length basis from Mt. Hamilton Holdings LLC, and subsequently transfer the interests to Mako in consideration for a corporate gold stream, to be secured (the \"Stream\") and a 2% net smelter return (\"NSR\") royalty on the Mt. Hamilton Project from Mako (see \"Related Party Transaction\" below). Neither Mako nor Sailfish will issue any equity to complete these transactions.Mt. Hamilton Open Pit Heap Leach Gold-Silver ProjectThe Mt. Hamilton Project has all major state and federal permits to allow construction of an open pit, heap leach gold-silver project, and has a current mineral resource estimate with an effective date of September 23, 2025 (the \"Mt. Hamilton MRE\") that was prepared by James N. Gray, P.Geo., of Advantage Geoservices Ltd., out of Vancouver, British Columbia, as set forth below. A technical report for the Mt. Hamilton MRE (the \"Mt. Hamilton Technical Report\") is being prepared by Advantage Geoservices Ltd., APEX Geoscience Ltd. (\"APEX\") out of Edmonton Alberta and DRA Americas Inc. on behalf of Mako in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") and will be filed under the Company's SEDAR+ profile at www.sedarplus.ca within 45 days of this news release, and posted on the Company's website at www.makominingcorp.com.Table 1. Mineral Resource Estimate for the Mt. Hamilton gold-silver deposit with an effective date of September 23, 2025.CategoryTonsAuAgOz AuOz Ag(millions)(oz/ton)(oz/ton)(thousands)(thousands)Measured21.000.0...