Calibre Continues to Intercept High-Grade Gold Mineralization at Its Eastern Borosi Mine Complex; Drilling Intersects Include 13.24 g/t Gold Over 5.8 Metres and 11.62 g/t Gold Over 3.8 Metres
20 Agosto 2024 - 5:00AM
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the
“Company” or “Calibre”) is pleased to announce drill results from
its 2024 resource conversion and expansion program within the
Guapinol open pit area on the Company’s 176 km2 Eastern Borosi Mine
Complex (“Eastern Borosi”) in northeastern Nicaragua. This prolific
land package sits adjacent to a larger, 100%-owned, 7,281 km2
Atlantic Mineral Concession package which has high potential for
the discovery of both epithermal gold-silver and porphyry
copper-gold systems.
Gold highlights from the Eastern Borosi drill
program
- 13.24 g/t Au over 5.8 metres
Estimated True Width (“ETW”) including 18.52 g/t Au over 4.0 metres
ETW in Hole GP-24-182;
- 9.24 g/t Au over 6.2 metres ETW
including 17.45 g/t Au over 3.1 metres ETW in Hole GP-24-189;
- 11.62 g/t Au over 3.8 metres ETW
including 22.36 g/t Au over 1.9 metres ETW in Hole GP-24-187;
- 9.25 g/t Au over 1.6 metres EW
including 12.70 g/t Au over 1.1 metres ETW in Hole GP-24-179;
- 7.81 g/t Au over 8.6 metres ETW
including 16.61 g/t Au over 3.7 metres ETW in Hole GP-24-181;
- 3.37 g/t Au over 2.9 metres ETW
including 6.13 g/t Au over 1.4 metres ETW and 3.31 g/t Au over 7.3
metres ETW including 8.15 g/t Au over 1.6 metres ETW and 6.67 g/t
Au over 0.8 metres ETW in Hole GP-24-178A; and
- 5.01 g/t Au over 4.5 metres ETW
including 8.59 g/t Au over 2.5 metres ETW in Hole GP-24-186.
Note: Estimated True Widths for reported vein
intercepts are based on 3D models of individual veins. Estimates
are determined in cross-section by measuring the modelled vein
thickness perpendicular to the vein margins and through the
midpoint of the drill hole intercept. Percentage-based differences
between individual ETWs and down-hole interval lengths will vary
between drill holes depending on drill hole inclination, variations
in vein strike and dip, and overall geometries of the different
vein systems.
Darren Hall, President and Chief
Executive Officer of Calibre, stated: “Today’s drill
results from Eastern Borosi confirm that significant high-grade
gold mineralization exists outside of the present deposit area
surrounding the Guapinol operation, reinforcing the potential for
mine life extension. These drill results build upon the high-grade
gold mineralization results reported earlier this year (see News
Release dated April 15, 2024) confirming the significant mineral
endowment of the district as well as the high potential for
discovery and resource expansion within the entire 176 km2 Eastern
Borosi land package.”
Link 1 – FiguresLink
2 – Drilling Tables
Quality Assurance/Quality
Control
Calibre maintains a Quality Assurance/Quality
Control ("QA/QC") program for all its exploration projects using
industry best practices. Key elements of the QA/QC program include
verifiable chain of custody for samples, regular insertion of
certified reference standards and blanks, and duplicate check
assays. Drill core is halved and shipped in sealed bags to Bureau
Veritas in Managua, Nicaragua, an independent analytical services
provider with global certifications for Quality Management Systems
ISO 9001:2008, Environmental Management: ISO14001 and Safety
Management OH SAS 18001 and AS4801. Prior to analysis, samples are
prepared at Veritas’s Managua facility and then shipped to its
analytical facility in Vancouver, Canada. Gold analyses are
routinely performed via fire assay/AA finish methods. For greater
precision of high-grade material, samples assaying 10 g/t Au
or higher are re-assayed by fire assay with a gravimetric finish.
Analyses for silver and other elements of interest are performed
via Induction Coupled Plasma (ICP).
Qualified Person
The scientific and technical information
contained in this news release was approved by David Schonfeldt
P.GEO, Calibre Mining’s Corporate Chief Geologist and a "Qualified
Person" under National Instrument 43-101.
About Calibre
Calibre is a Canadian-listed, Americas focused,
growing mid-tier gold producer with a strong pipeline of
development and exploration opportunities across Newfoundland &
Labrador in Canada, Nevada and Washington in the USA, and
Nicaragua. Calibre is focused on delivering sustainable value for
shareholders, local communities and all stakeholders through
responsible operations and a disciplined approach to growth. With a
strong balance sheet, a proven management team, strong operating
cash flow, accretive development projects and district-scale
exploration opportunities Calibre will unlock significant
value.
ON BEHALF OF THE BOARD
“Darren Hall”
Darren Hall, President & Chief Executive Officer
For further information, please
contact:
Ryan KingSVP Corporate Development & IRT:
604.628.1012E: calibre@calibremining.comW:
www.calibremining.com
Calibre’s head office is located at Suite 1560, 200 Burrard St.,
Vancouver, British Columbia, V6C 3L6.
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news release.
Cautionary Note Regarding Forward
Looking Information
This news release includes certain
"forward-looking information" and "forward-looking statements"
(collectively "forward-looking statements") within the meaning of
applicable Canadian securities legislation. All statements in this
news release that address events or developments that we expect to
occur in the future are forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
identified by words such as "expect", "plan", "anticipate",
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"could", "should" or "might" occur. Forward-looking statements
necessarily involve assumptions, risks and uncertainties, certain
of which are beyond Calibre's control. For a listing of risk
factors applicable to the Company, please refer to Calibre's annual
information form (“AIF”) for the year ended December 31, 2023, its
management discussion and analysis for the year ended December 31,
2023 and other disclosure documents of the Company filed on the
Company’s SEDAR+ profile at www.sedarplus.com.
Calibre's forward-looking statements are based
on the applicable assumptions and factors management considers
reasonable as of the date hereof, based on the information
available to management at such time. Calibre does not assume any
obligation to update forward-looking statements if circumstances or
management's beliefs, expectations or opinions should change other
than as required by applicable securities laws. There can be no
assurance that forward-looking statements will prove to be
accurate, and actual results, performance or achievements could
differ materially from those expressed in, or implied by, these
forward-looking statements. Accordingly, undue reliance should not
be placed on forward-looking statements.
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