Exploration Permit Granted For The La Segoviana Concession

VANCOUVER - Mako Mining Corp reported that the Ministry of Environmental and Natural Resources (MARENA) has granted an exploration permit for the La Segoviana concession, which was granted to Mako in 2020. 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 1,100,000 meters ("m") as follows: 500,000 m of diamond drilling; 300,000 m of reverse circulation drilling; and 300,000 m of blast hole drilling. The Company is also permitted to carry out up to 32,500 m of trenching.

Key surface rights acquisitions at La Segoviana have already been made and the Company will be preparing a budget for the first exploration program at this concession early in the beginning of 2022.