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
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced promising drill results from its 2024 resource conversion and expansion program at the Eastern Borosi Mine Complex in Nicaragua. The drilling program has intercepted high-grade gold mineralization, with notable highlights including:
- 13.24 g/t Au over 5.8 metres ETW
- 9.24 g/t Au over 6.2 metres ETW
- 11.62 g/t Au over 3.8 metres ETW
- 7.81 g/t Au over 8.6 metres ETW
These results suggest significant potential for mine life extension and resource expansion within the 176 km2 Eastern Borosi land package. The company's CEO, Darren Hall, emphasized that these findings confirm the area's mineral endowment and high discovery potential.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) ha annunciato risultati promettenti dai suoi esperimenti di perforazione del 2024 per il programma di conversione e espansione delle risorse presso il Complesso Minerario Eastern Borosi in Nicaragua. Il programma di perforazione ha intercettato mineralizzazione aurifera ad alta qualità, con risultati notevoli che includono:
- 13.24 g/t Au su 5.8 metri ETW
- 9.24 g/t Au su 6.2 metri ETW
- 11.62 g/t Au su 3.8 metri ETW
- 7.81 g/t Au su 8.6 metri ETW
Questi risultati suggeriscono un potenziale significativo per l'estensione della vita mineraria e l'espansione delle risorse nell'area di 176 km² del Eastern Borosi. Il CEO dell'azienda, Darren Hall, ha sottolineato che questi risultati confermano le proprietà minerarie della zona e l'alto potenziale di scoperta.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) ha anunciado resultados de perforación prometedores de su programa de conversión y expansión de recursos 2024 en el Complejo Minero Eastern Borosi en Nicaragua. El programa de perforación ha interceptado mineralización de oro de alta ley, con destacados resultados que incluyen:
- 13.24 g/t Au sobre 5.8 metros ETW
- 9.24 g/t Au sobre 6.2 metros ETW
- 11.62 g/t Au sobre 3.8 metros ETW
- 7.81 g/t Au sobre 8.6 metros ETW
Estos resultados sugieren un potencial significativo para la extensión de la vida útil de la mina y la expansión de recursos dentro del paquete de tierras de 176 km² de Eastern Borosi. El CEO de la compañía, Darren Hall, enfatizó que estos hallazgos confirman la riqueza mineral del área y su alto potencial de descubrimiento.
칼리버 마이닝(Kalibre Mining Corp. TSX: CXB; OTCQX: CXBMF)은 니카라과 이스턴 보로시 광산 복합체(Eastern Borosi Mine Complex)에서 2024년 자원 전환 및 확장 프로그램의 유망한 드릴링 결과를 발표했습니다. 드릴링 프로그램은 고급 금 광체를 발견했으며, 주목할 만한 결과는 다음과 같습니다:
- 5.8미터 ETW에서 13.24 g/t Au
- 6.2미터 ETW에서 9.24 g/t Au
- 3.8미터 ETW에서 11.62 g/t Au
- 8.6미터 ETW에서 7.81 g/t Au
이 결과는 176 km²의 이스턴 보로시 토지 패키지 내에서 광산 수명 연장 및 자원 확장에 대한 상당한 잠재력을 나타냅니다. 회사를 이끄는 CEO 다렌 홀(Darren Hall)은 이 결과들이 해당 지역의 광물 자원과 높은 발견 가능성을 확인했다고 강조했습니다.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) a annoncé des résultats de forage prometteurs dans le cadre de son programme de conversion et d'expansion des ressources pour 2024 au Complexe Minier Eastern Borosi au Nicaragua. Le programme de forage a intercepté une minéralisation aurifère de haute qualité, avec des points forts notables incluant :
- 13,24 g/t Au sur 5,8 mètres ETW
- 9,24 g/t Au sur 6,2 mètres ETW
- 11,62 g/t Au sur 3,8 mètres ETW
- 7,81 g/t Au sur 8,6 mètres ETW
Ces résultats suggèrent un potentiel significatif pour l'extension de la durée de vie de la mine et l'expansion des ressources dans l'ensemble de terrain de 176 km² de Eastern Borosi. Le PDG de l'entreprise, Darren Hall, a souligné que ces résultats confirment les richesses minérales de la région et son fort potentiel de découverte.
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) hat vielversprechende Bohrergebnisse aus seinem Programm zur Umstellung und Erweiterung der Ressourcen für 2024 im Eastern Borosi Mine Complex in Nicaragua bekannt gegeben. Das Bohrprogramm hat hochgradige Goldmineralisierung durchschnitten, wobei bemerkenswerte Ergebnisse Folgendes umfassen:
- 13,24 g/t Au über 5,8 Meter ETW
- 9,24 g/t Au über 6,2 Meter ETW
- 11,62 g/t Au über 3,8 Meter ETW
- 7,81 g/t Au über 8,6 Meter ETW
Diese Ergebnisse deuten auf erhebliches Potenzial für die Verlängerung der Lebensdauer der Mine und die Ressourcenerweiterung innerhalb des 176 km² großen Eastern Borosi-Landpakets hin. Der CEO des Unternehmens, Darren Hall, betonte, dass diese Funde den mineralischen Reichtum des Gebiets und das hohe Entdeckungspotenzial bestätigen.
- High-grade gold mineralization discovered outside the present deposit area
- Potential for mine life extension at Eastern Borosi Mine Complex
- Significant mineral endowment confirmed in the district
- High potential for discovery and resource expansion within the 176 km2 land package
- None.
VANCOUVER, British Columbia, Aug. 20, 2024 (GLOBE NEWSWIRE) -- 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,
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 – Figures
Link 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 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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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", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", “assume”, "intend", “strategy”, “goal”, “objective”, “possible” or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "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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