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Mako Mining Announces Q3 2024 Operational Results for the San Albino Mine and Update on the Eagle Mountain Gold Project
VANCOUVER, BC / ACCESSWIRE / October 22, 2024 / Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) (" M...
About this update from Mako Mining Corp.
[{"type":"text","content":"Mako Mining Announces Q3 2024 Operational Results for the San Albino Mine and Update on the Eagle Mountain Gold ProjectVANCOUVER, BC / ACCESSWIRE / October 22, 2024 / Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) (\"Mako\" or the \"Company\") is pleased to provide third quarter 2024 (\"Q3 2024\") production results for the Company's San Albino gold mine (\"San Albino\") in northern Nicaragua as well as an update on its Eagle Mountain gold project in Guyana, South America. Certain amounts shown in this news release may not total to exact amounts due to rounding differences.Q3 2024 Operational Highlights29,749 tonnes mined containing 5,414 ounces (\"oz\") of gold (\"Au\") at an average grade of 5.66 grams per tonne (\"g/t\") Au and 5,557 oz of silver (\"Ag\") at 5.81 g/t Ag6,781 tonnes mined containing 2,774 oz Au at 12.72 g/t Au and 2,620 oz Ag at 12.02 g/t Ag from diluted vein material22,968 tonnes mined containing 2,640 oz Au at 3.57 g/t Au and 2,937 oz Ag at 3.98 g/t Ag from historical dump and other mineralized material above cutoff grade (\"historical dump + other\")29.4:1 strip ratio (1)51,865 tonnes milled containing 7,002 oz Au at an average grade of 4.20 g/t Au and 8,479 oz Ag at 5.08 g/t Ag14% and 86% from diluted vein and historical dump and other, respectively584tonnes per day (\"tpd\") milled at 96% availabilityMill recovery of 73.4% for goldAt quarter end, the stockpile was estimated at 135,496 tonnes at an average grade of 2.49 g/t Au for contained Au of 10,849 oz5,142 oz Au recovered and 6,532 oz Au sold during the quarterDelivered 40,500 oz of silver as part of the Sailfish Silver Loan for a total of US$ 1.2 million in Q3 2024Akiba Leisman, Chief Executive Officer of Mako states that, \"after the receipt of the Las Conchitas EIA in early July, the Company needed to accelerate a substantial amount of waste pre-stripping activities during Q3 in order to access consistent amounts of higher-grade diluted vein material from the mine. This stemmed from a decision the Company made at the end of 2022 to bifurcate the permits at Las Conchitas into 1) an initial bulk sample permit over six small mining zones; and 2) a final full-scale EIA permit over the entirety of the Las Conchitas area. This bifurcation allowed the Company to defer millions of dollars of surface acquisitions that have since been completed with cash flow gen...