MRE Updated For The Moss Mine

VANCOUVER – Mako Mining Corp. reported on the results of an updated mineral resource estimate for the Moss Mine Gold Project located in Arizona. The Moss Mine Gold Project contains an estimated Measured and Indicated open pit mineral resource of 57.07 million tonnes averaging 0.35 g/t gold and 3.7 g/t silver for a total of 646,000 ounces of gold and 6.8 million ounces of silver at a 0.17 g/t AuEq cutoff. There is an additional estimated Inferred open pit mineral resource of 12.3 million tonnes averaging 0.31 g/t gold and 1.46 g/t silver for a total of 122,000 ounces of gold and 580,000 ounces of silver.
Gold equivalent ounces (AuEq) were calculated using silver and gold price assumptions and metallurgical recoveries mentioned below which resulted in a silver to gold ratio of 194.6:1. These mineral resources are reported within an optimized constraining open pit shell considering a gold price of US$2,500/oz and a silver price of US$29.2/oz with a gold recovery of 75% and a silver recovery of 33%. The Company anticipates advancing the project toward a Mineral Reserve Estimate and updated project economics in the second quarter of 2026.
Akiba Leisman, CEO, said, “Moss was acquired less than a year ago for US$2 million, or for less than US$3 per gold equivalent ounce. In addition, all silver ounces in this Mineral Resource Estimate are unencumbered by the previous silver stream that was removed in the bankruptcy process prior to the acquisition of Moss, which has a significant positive impact to project economics given where current silver prices are trading. No further net capital infusions will be required to bring Moss into steady state production, which is scheduled to commence later this quarter. This Mineral Resource Estimate will serve as the basis for a Mineral Reserve Estimate and updated project economics, the results of which will be disclosed early next quarter and will reflect the profitability of this mine in the current precious metals price environment.”