San Albino Near Mine
Key Facts
Location |
San Albino-Murra Concession |
Size of Target Area / Area Drilled |
1.3 km2 / 0.2 km2 |
Aprox. Distance from Processing Plant |
100-500 m from San Albino mill |
Targeted Mining Method |
TBD |
Targeted Metal |
Au, Ag |
Targeted zones |
1) South-West pit - Mid Stage Exploration
2) San Albino Pit Extension - Mid Stage Exploration
3) Arras Extension - Early Stage Exploration
4) San Albino North - Early Stage Exploration |
Deposit Type |
Orogenic – High grade Au, shallow dipping 1-2m wide stacked veins |
Ownership |
100% |
Description
Four target areas have been identified within 500 m of the current San Albino Pit. All of these areas have nearly identical geology to the San Albino deposit which is currently in production.
Near-mine exploration targets include the San Albino pit Extension, Southwest Pit and Arras Extension targets as well as the San Albino North target.
The South West pit area is currently the highest priority since it is located within the curretly permitted pit and given sucess in delineating resources, it can be brought into production quickly.
Outlook
Approximately 20,000 of drilling is planned for 2022 with the objective of defining gold resources near the previously identified veins and to discover additional shallow, high grade gold veins.
In 2022, Mako plans to complete environmental, metallurgical and engineering studies, and to initiate the mine permitting process for Las Conchitas.
Exploration
Initial drilling in 2011 identified several high grade gold veins, however most of the exploration during 2012 to 2021 consisted of low cost trenching and soil sampling since most of the exploration funding was dedicated to defining resources at San Albino. During this period, a number of drill targets were identified for follow-up drilling.. Late in 2021, drilling was initiated in the area. To date, the Company has completed 959 m of trenching, 2,005 m of diamond drilling.
On June 9 2022, Mako announced the discovery of two new veins - Mina Francisco and Tirado- at the San Pablo zone within Las Conchitas North. Mina Francisco has been traced over 200 metres of strike and for 330 metres down-dip, starting at surface.
Drilling Highlights
- 28.45 g/t Au and 53.7 g/t Ag over 5.0 m
- 12.5 g/t Au and 32.6 g/t Au over 2.4 m
- 4.13 g/t Au and 3.8 g/t Ag over 6.0 m
- 51.8 g/t Au, 29.8 g/t Ag over 0.9 m
History & Milestones
- 2011 – Initial exploration trenching and limited drilling
- 2012-2013 - Soil survey, trenching program
- 2017 – Follow-up trenching campaign
- 2018 – Follow-up trenching and drilling campaign
- 2019 – Trenching program
- 2020 - No exploration
- 2021 - Initiated drilling program at end of Q4 at San Pablo
Media & Photos