Mako Mining Receives Permit Amendment to Process Up To 1,000 Tonnes Per Day
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August 24, 2020
TSX-V: MKO; OTCQX: MAKOF
Mako Mining Receives Permit Amendment to Process Up To 1,000 Tonnes Per Day
Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) (“Mako” or the “Company”) is pleased to report that the
Ministry of Environmental and Natural Resources (“MARE NA”) has amended the environmental permit granted to
the Company in 2017 (see press release dated September 12, 2017) to allow for the processing of up to 1,000 tonnes
per day (“tpd”) at the San Albino gold project in Nueva Segovia, Nicaragua (“San Albino”).
The amendment is initially effective for a period of five years and can be renewed indefinitely so long as the Company
complies with the conditions set forth by MARENA. All ot her provisions contained in the environmental permit
granted in 2017 remain in force and are fully applicable apart from the increased throughput from 500tpd to 1,000tpd.
Akiba Leisman, Chief Executive Officer of Mako states, “I would personally like to thank MARENA on behalf of
our entire team for expeditiously amending our existing pe rmit to accommodate a higher throughput. This is yet
another example of Nicaragua’s continued support of th e mining industry. Since taking over as permanent CEO in
August 2019, I challenged our operating team to design a processing plan t capable of expanding from 500tpd to
1,000tpd with minor modifications, to amend the existi ng environmental permit to allow for the increase in
throughput and to delineate a resource amenable to open pit mining at Las Conchitas. Two of the three goals are now
complete. Drilling at Las Conchitas is ongoing with results expected to be released over the next few weeks.”
On behalf of the Board,
Akiba Leisman
Chief Executive Officer
About Mako
Mako Mining Corp. is a publicly listed gold mining, development and exploration firm. The Company is developing
its high-grade San Albino gold project in Nueva Segovia, Nicaragua. Mako’s primary objective is to bring San Albino
into production quickly and efficiently, while continuing exploration of prospective targets in Nicaragua.
For further information: Mako Mining Corp., Akiba Leis man, Chief Executive Officer, Telephone: 203-862-7059,
E-mail: [email protected] or visit our website at www.makominingcorp.com and SEDAR
www.sedar.com.
Forward-Looking Information: Some of the statements contained herein may be considered “forward-looking information”
within the meaning of applicable securities laws. The forward-looking information contained herein is based on the Company’s
plans and certain expectations and assumptions, including obtaining positive results from ongoing drilling work at Las
Conchitas; Mako being able to comply with the terms and conditions set forth by MARENA and renew the initial term of the
environmental permit, as necessary; that the government will continue to support the mining industry in Nicaragua. 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 informa tion, including, without limitation, that the Company does not
continue to obtain positive results from drilling program at Las Conchitas; that the Company is unable to comply with the terms
and conditions set out by MARENA in order to maintain its environmental permit; adverse governmental and political changes
in Nicaragua and other risks and uncertainties as disclosed in the Company’s public disclosure filings on SEDAR at
www.sedar.com. Such inform ation contained herein represents management’s best judgment as of the date hereof, based on
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information currently available and is included for the purposes of providing investors with the Company’s plans and
expectations regarding San Albino and the Las Conchitas area, and may not be appropriate for other purposes. 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.