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	$173.9	$105.4
After-tax IRR (%)	54.2%	37.4%
Payback (years)	1.7 years	2.2 years
Initial capital expenditures (with 20% contingency)	$21.1	$13.9
All-in sustaining costs AuEq (US$/oz)	$395	$464
Cash costs AuEq (US$/oz)	$359	$464
Average annual gold payable production AuEq (oz)	41,300	21,785
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 www.makominingcorp.com