Mako Mining Begins Work at Las Conchitas, Processing of Material Expected in July
LEGAL*58616408.1
1
595 Burrard Street, Suite 2833
Vancouver, BC V7X 1K8
Tel: (604) 646-1580
www.makominingcorp.com
TSX-V: MKO | OTCQX: MAKOF
Suite 700 - 838 West Hastings St.
Vancouver, BC - V6C 0A6
IR: (647) 203-8793
www.makominingcorp.com
TSX-V: MKO | OTCQX: MAKOF
Jun 19th, 2023
TSX-V: MKO; OTCQX: MAKOF
Mako Mining Begins Work at Las Conchitas, Processing of Material Expected in July
Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) (“Mako” or the “Company”) is pleased to announce
that it has received approval to begin processing material from Las Conchitas, located immediately to the
south of the company’s San Albino gold mine which is currently in commercial production. Material
extracted from Las Conchitas will be processed at the Company’s San Albino plant.
The approval allows for the extraction from six areas of interest (San Pablo, Mina Francisco, El Limon,
Mango, Bayacun and Las Dolores ). The intent of this approval will allow the Company to confirm
metallurgical test results at a commercial scale while awaiting for full mining permits by the end of this
year. Diluted vein material from Las Conchitas is expected to be delivered to the plant in July.
Akiba Leisman, CEO of Mako states, “receiving this approval is very important for the Company. Along
with material coming from San Albino, Las Conchitas made up a significant portion of the mine plan for
2023. In July, Mako will begin processing 50% diluted vein material at the plant (with the remainder coming
from stockpile material) instead of the approximately 35% we have been processing since February. The
resource update for Las Conchitas is due to be completed shortly. Beginning in 2024, the material extracted
from Las Conchitas will provide the primary open pit feed source for the plant over the coming years.”
On behalf of the Board,
Akiba Leisman
Chief Executive Officer
About Mako
Mako 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 prim ary objective is to operate San Albino profitably
and fund exploration of prospective targets on its district-scale land package.
For further information: Mako Mining Corp., Akiba Leisman, Chief Executive Officer, E-mail:
[email protected] or visit our website at www.makominingcorp.com and SEDAR
www.sedar.com.
LEGAL*58616408.1
2
Forward-Looking Information: Some of the statements contained herein may be considered “forward -looking
information” within the meaning of applicable securities laws. Forward-looking information can be identified by words
such as, without limitation, “estimate", "project", "believe", "anticipate", "intend", "expect", "plan", "predict", "may" or
"should" or variations thereon or comparable terminology. The forward-looking information contained herein reflects
the Company’s current beliefs and expectations, based on management’s reasonable assumptions, and includes,
without limitation, that the approval will allow the Company to confirm metallurgical test results at a commercial scale
while awaiting for full mining permits by the end of this year; that diluted vein material from Las Conchitas is expected
to be delivered to the plant in July. Mako’s primary objective to operate San Albino profitably and fund exploration of
prospective targets on its district-scale land package. Such forward-looking information is subject to a variety of risks
and uncertainties which could cause actual events or results to differ materially from those reflected in the forward -
looking information, including, without limitation, changes in the Company’s exploration and development plans and
growth parameters and its ability to fund its growth to reach its expected new record production numbers ;
unanticipated costs; the October 24 measures having impacts on business operations not current expected, or new
sanctions being imposed by the U.S. Treasury Department or other government entity in Nicaragua in the future; and
other risks and uncertainties as disclosed in the Company’s public disclosure filings on SEDAR at www.sedar.com.
Such information contained herein represents management’s best judgment as of the date hereof, based on
information currently available . Mako does not undertake to update any forward -looking information, except in
accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.