San Albino Gold Stream

- Mako Mining Corp. -

Operator: Mako Mining Corp. ("Mako Mining")

Metal(s): Gold

Technical Report: NI 43-101 Preliminary Economic Assessment Report


The San Albino gold deposit is part of the San Albino-Murra concession (8,700 hectares) within a larger contiguous land package of 13,771 hectares. San Albino is located approximately 173 kilometers north of Managua, the nation's capital, and approximately 15 kilometers southeast of the northern border of Nicaragua with Honduras.

The deposit consists of a series of shallow dipping quartz sulphide veins hosted by graphitic argillaceous schist. The San Albino resource model consists of three high-grade, vein systems - the San Albino, Naranjo, and Arras veins - over a strike length of 850 meters, a down dip extension of 925 meters, with a minimum true width of one meter and average true width of 2.6 meters.

Only 60 hectares of the 200 hectares of the historic San Albino Mine area have been drill tested. All mineralized zones remain open at depth and along strike in both directions.

A table summarizing the highlights of the San Albino gold deposit PEA is as follows:

US$1,250/oz gold price

500 tpd

250 tpd

Average mine diluted grade (AuEq) 8.02 g/t 8.02 g/t

After-tax NPV 5% discount



After-tax IRR (%)



Payback (years)

1.7 years

2.2 years

Initial capital expenditures (with 20% contingency)



All-in sustaining costs AuEq (US$/oz)



Cash costs AuEq (US$/oz)



Average annual gold payable production AuEq (oz)



Life of mine

16 years

31 years


Please refer to the corporate presentation posted on this website for details of the 3% gold stream and 2% NSR owned by Sailfish on San Albino.


More information on San Albino can be found on Mako Mining's website at




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