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Mako Mining Corp V.MKO

Alternate Symbol(s):  MAKOF

Mako Mining Corp. is a gold mining, development, and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua. It also owns the Eagle Mountain Gold Project in Guyana, South America. The Company’s primary asset is San Albino mine, an open pit mine located in Nicaragua. Its San Albino gold project is an open pit development project located in Nueva Segovia, Nicaragua, approximately 173 kilometers north of Managua and accessible through a paved highway. Its Las Conchitas area is located approximately 2.5 kilometers south of its high-grade San Albino Gold Deposit and is situated near the southern end of the Corona de Oro Gold Belt. The Eagle Mountain Project comprises two gold deposits, Eagle Mountain and Salbora, in addition to several other exploration targets. Its subsidiaries include Gold Belt, S.A., Nicoz Resources, S.A., and Mako US Corp.


TSXV:MKO - Post by User

Comment by AkibaLeismanon Feb 03, 2022 2:07pm
150 Views
Post# 34394126

RE:RE:Drill results

RE:RE:Drill results

Our lab is not accredited (although we have stringent QA/QC controls, including external validation) so we can't release exploration results, although we can release production (tonnage, mill grade, dore ounces, recoveries, etc.)

what was normally a 6 week turnaround (although we've had turnarounds as quick as 10 days) has turned into 16 weeks on average from the external lab (with some holes outstanding even longer.).  So in moments of maximum frustration, we process pulps and rejects at our lab just to get a sense check on grade.  We've gotten pretty good at visually "guessing".  You show us mineralized core, we can do a pretty decent job of guessing the grade +/- 50%.  So it's not like it's slowing down drilling because we're blind   

For exploration we did a blast hole program which was exclusively processed at our lab, and we're in the process of requisitioning an RC rig which will also exclusively be using our production lab, and then we can revisit with core (RC is good for finding the zone, but pretty terrible for estimating grade and widths). 


we do 40k samples a month at our lab.   The RC and blast hole work may add about 10% to that, so it's a lot but not really a capacity constraint  

agree on the share price!!

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