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Calibre Announces Receipt of the Federal Environmental Assessment Approval for the Berry Pit at the Valentine Gold Mine, Newfoundland & Labrador, Canada

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Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has received federal environmental approval for the addition of the Berry Pit at its Valentine Gold Mine in Newfoundland & Labrador, Canada. The approval, granted by the Minister of Environment and Climate Change Canada, follows an environmental assessment update submitted in August 2023. This decision complements the recently issued provincial mining and surface leases for Berry and associated infrastructure.

Calibre's CEO, Darren Hall, highlighted that the company now has the major approvals required for the three-pit mine plan included in the 2022 Feasibility Study. Since acquiring Valentine in January, Calibre has made significant progress, advancing engineering to 98% and construction from 50% to 77%. The company is on track to deliver first gold in Q2, 2025.

La Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) ha ricevuto l'approvazione ambientale federale per l'aggiunta della Berry Pit presso la sua miniera di oro Valentine nel Newfoundland e Labrador, Canada. L'approvazione, concessa dal Ministro dell'Ambiente e del Cambiamento Climatico del Canada, segue un aggiornamento della valutazione ambientale presentato nell'agosto 2023. Questa decisione si integra con i contratti minerari provinciali e le concessioni di superficie recentemente emessi per Berry e le infrastrutture associate.

Il CEO di Calibre, Darren Hall, ha sottolineato che la società dispone ora delle principali approvazioni necessarie per il piano minerario a tre pozzi incluso nello Studio di Fattibilità del 2022. Dall'acquisizione di Valentine nel gennaio scorso, Calibre ha fatto progressi significativi, portando l'engineering al 98% e la costruzione dal 50% al 77%. L'azienda è sulla buona strada per consegnare il primo oro nel secondo trimestre del 2025.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) ha recibido la aprobación ambiental federal para la adición de la Berry Pit en su mina de oro Valentine en Newfoundland y Labrador, Canadá. La aprobación, otorgada por el Ministro de Medio Ambiente y Cambio Climático de Canadá, sigue a una actualización de la evaluación ambiental presentada en agosto de 2023. Esta decisión complementa los arrendamientos mineros provinciales y de superficie recientemente emitidos para Berry y la infraestructura asociada.

El CEO de Calibre, Darren Hall, destacó que la compañía tiene ahora las principales aprobaciones necesarias para el plan minero de tres pozos incluido en el Estudio de Viabilidad de 2022. Desde la adquisición de Valentine en enero, Calibre ha realizado avances significativos, llevando la ingeniería al 98% y la construcción del 50% al 77%. La empresa está en camino de entregar el primer oro en el segundo trimestre de 2025.

칼리버 마이닝 주식회사 (TSX: CXB; OTCQX: CXBMF)는 캐나다 뉴펀들랜드와 라브라도르에 있는 발렌타인 금광에 베리 갯벌 추가에 대한 연방 환경 승인을 받았습니다. 이 승인은 캐나다 환경 및 기후 변화 장관이 승인했으며, 2023년 8월 제출된 환경 평가 업데이트에 따릅니다. 이 결정은 베리 및 관련 인프라에 대한 최근 발급된 주정부 광산 및 표면 임대와도 보완적입니다.

칼리버의 CEO인 다렌 홀은 회사가 2022년 타당성 조사에 포함된 세 갯벌 광산 계획을 위한 주요 승인을 이제 보유하고 있음을 강조했습니다. 1월에 발렌타인을 인수한 이후 칼리버는 엔지니어링을 98%로 끌어올리고 건설을 50%에서 77%로 진전시키는 등 중대한 진전을 이루었습니다. 이 회사는 2025년 2분기에 첫 금을 인도할 계획입니다.

La Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) a reçu l'approbation environnementale fédérale pour l'ajout de la Berry Pit à sa mine d'or Valentine à Terre-Neuve-et-Labrador, Canada. Cette approbation, accordée par le ministre de l'Environnement et du Changement climatique du Canada, fait suite à une mise à jour de l'évaluation environnementale soumise en août 2023. Cette décision s'ajoute aux baux miniers provinciaux et aux baux de surface récemment délivrés pour Berry et l'infrastructure associée.

Le PDG de Calibre, Darren Hall, a souligné que l'entreprise dispose désormais des approbations majeures nécessaires pour le plan minier à trois fosses inclus dans l'Étude de faisabilité de 2022. Depuis l'acquisition de Valentine en janvier, Calibre a réalisé des progrès significatifs, portant l'ingénierie à 98% et la construction de 50% à 77%. L'entreprise est sur la bonne voie pour livrer le premier or au deuxième trimestre 2025.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) hat die Bundesumweltgenehmigung für die Hinzufügung der Berry Pit in ihrer Goldmine Valentine in Neufundland und Labrador, Kanada, erhalten. Die Genehmigung, die vom Minister für Umwelt und Klimawandel Kanadas erteilt wurde, folgt auf ein Aktualisierung der Umweltbewertung, die im August 2023 eingereicht wurde. Diese Entscheidung ergänzt die kürzlich erteilten landesweiten Bergbau- und Oberflächenpachtverträge für Berry und die dazugehörige Infrastruktur.

Der CEO von Calibre, Darren Hall, hob hervor, dass das Unternehmen nun über die wichtigen Genehmigungen für den Drei-Gruben-Bergbauplan verfügt, der im Machbarkeitsstudie 2022 enthalten ist. Seit der Übernahme von Valentine im Januar hat Calibre erhebliche Fortschritte gemacht und die Ingenieurleistungen auf 98% und den Bau von 50% auf 77% vorangebracht. Das Unternehmen ist auf dem besten Weg, den ersten Goldlieferung im 2. Quartal 2025 zu erzielen.

Positive
  • Received federal environmental approval for Berry Pit expansion
  • Obtained provincial mining and surface leases for Berry Pit
  • Engineering progress at 98% completion
  • Construction advanced from 50% to 77%
  • On track for first gold production in Q2 2025
Negative
  • None.

VANCOUVER, British Columbia, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre") is pleased to announce that the Honorable Steven Guilbeault, Minister of Environment and Climate Change Canada, has approved the addition of a third open pit, the Berry Deposit (“Berry Pit”), at its 100% owned Valentine Gold Mine (“Valentine”). In August 2023, an environmental assessment update was submitted to the Impact Assessment Agency of Canada (“IAAC”) regarding proposed changes to Valentine to include the Berry Pit, and associated infrastructure changes. Following IAAC’s thorough analysis of the submitted update, including the results of consultation with Indigenous groups, communities, stakeholder organizations, and reviewing the results of IAAC’s public comment process, Minister Guilbeault signed an Amended Decision Statement approving the addition of the Berry Pit.

Darren Hall, President and Chief Executive Officer of Calibre, stated: “I am pleased to announce that we have obtained Federal Environmental approval for the development of the Berry Pit at Valentine. With this approval and the recent issuance of Provincial mining and surface leases for Berry and associated infrastructure, we now have the major approvals required for the three-pit mine plan included in the 2022 Feasibility Study."

“Since acquiring Valentine in January, we have progressed engineering to 98%, advanced construction from 50% to 77%, and employed an experienced operations team, positioning us to deliver first gold in Q2, 2025.”

To view the Amended Decision Statement and IAAC’s Analysis of the Berry Pit Expansion, please click the links below:

Link 1Amended Decision Statement

Link 2Analysis of Marathon Gold Corporation Proposed Changes to the Valentine Gold Project

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 King
SVP Corporate Development & IR
T: 604.628.1012
E: calibre@calibremining.com
W: www.calibremining.com  

Calibre’s head office is located at Suite 1560, 200 Burrard St., Vancouver, British Columbia, V6C 3L6.

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The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.


FAQ

What major approval did Calibre Mining (CXBMF) receive for its Valentine Gold Mine?

Calibre Mining received federal environmental approval for the addition of the Berry Pit at its Valentine Gold Mine in Newfoundland & Labrador, Canada.

When is Calibre Mining (CXBMF) expected to deliver first gold from the Valentine Gold Mine?

Calibre Mining is on track to deliver first gold from the Valentine Gold Mine in Q2, 2025.

What is the current progress of engineering and construction at Calibre Mining's (CXBMF) Valentine Gold Mine?

As of August 2024, engineering at the Valentine Gold Mine is 98% complete, and construction has advanced from 50% to 77%.

How many open pits are now approved for Calibre Mining's (CXBMF) Valentine Gold Mine?

With the approval of the Berry Pit, Calibre Mining now has approvals for a three-pit mine plan at the Valentine Gold Mine.

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