Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) has been granted an exploration permit for the Potrerillos concession it acquired in December 2019 by the Nicaraguan Ministry of Environmental and Natural Resources (MARENA).
Starting from November 15, 2021, the permit is valid for 10 years and is renewable for up to an additional 20 years. The company is now permitted to drill up to 800,000m as follows: 250,000m of diamond drilling; 250,000m of reverse circulation drilling; and 300,000 m of blast hole drilling. The vompany is also permitted to carry out up to 12,000 m of trenching.
Additionally, as of November 12, 2021, all legal documents and procedures, including the public consultation for the La Segoviana concession, located northeast of Potrerillos, are complete.
CEO, Akiba Leisman, said the company awaits MARENA’s approval of this additional exploration permit, which is expected over the course of the next 45 days.
“I would personally like to thank MARENA on behalf of our team for granting this permit,” Mr Leisman said.
“This is yet another example of why Nicaragua is a mining friendly jurisdiction.
‘Reconnaissance exploration work to date indicates that Potrerillos is the direct strike extension of the San Albino gold deposit, and the receipt of these permits allows us to begin drill testing the approximately 3.5 km of strike potential.
“The district potential of San Albino is becoming clearer, and these permits will allow us to begin the process of discovery on parts of our concessions that have never been drilled before.”
For further information please visit: https://makominingcorp.com/