Calibre Pours Its 1 Millionth Ounce of Gold in Nicaragua and Declares an Initial Mineral Resource at Talavera Located 3 Kilometres from the Limon Mill
Calibre Mining has announced a significant milestone, producing its one-millionth ounce of gold in Nicaragua since Q4 2019. The company revealed a maiden Mineral Resource estimate for its 100% owned Talavera Gold Deposit, which includes 3,847,000 tonnes of Inferred Mineral Resource averaging 5.09 g/t gold, yielding 630,000 ounces of gold.
Located just 3 kilometers from the Limon mill, Talavera has historically produced 800,000 ounces of gold. The company has successfully increased its Nicaragua Mineral Reserves from 140,000 ounces in Q4 2019 to more than 1.1 million ounces at December 31, 2023. Recent drilling continues to intersect high-grade gold mineralization approximately 750 metres west of the past-producing Talavera underground mine, with the resource remaining open to the west.
For 2025, Calibre plans to focus on expansion and delineation drilling at Talavera while advancing environmental permits. The deposit's steeply dipping structure and parallel gold-bearing zones make it suitable for low-cost, long-hole mining.
Calibre Mining ha annunciato un traguardo significativo, producendo il suo milionesimo oncia d'oro in Nicaragua dal quarto trimestre del 2019. L'azienda ha rivelato una stima iniziale delle Risorse Minerali per il suo deposito d'oro Talavera, interamente di proprietà, che include 3.847.000 tonnellate di Risorse Minerali Inferite con una media di 5.09 g/t d'oro, generando 630.000 once d'oro.
Situato a soli 3 chilometri dal mulino Limon, Talavera ha storicamente prodotto 800.000 once d'oro. L'azienda è riuscita ad aumentare le sue Risorse Minerali in Nicaragua da 140.000 once nel quarto trimestre del 2019 a oltre 1,1 milioni di once al 31 dicembre 2023. Le recenti perforazioni continuano a intercettare mineralizzazioni d'oro ad alta qualità a circa 750 metri a ovest della miniera sotterranea Talavera, con la risorsa che rimane aperta verso ovest.
Per il 2025, Calibre prevede di concentrarsi sull'espansione e sulla perforazione di delimitazione a Talavera mentre avanza con i permessi ambientali. La struttura inclinata ripida del deposito e le zone parallele ricche d'oro lo rendono adatto a metodi di estrazione a lungo foro a basso costo.
Calibre Mining ha anunciado un hito significativo, produciendo su onza un millón de oro en Nicaragua desde el cuarto trimestre de 2019. La empresa reveló una estimación inicial de Recursos Minerales para su depósito de oro Talavera, de propiedad 100%, que incluye 3,847,000 toneladas de Recursos Minerales Inferidos con un promedio de 5.09 g/t de oro, generando 630,000 onzas de oro.
Ubicado a solo 3 kilómetros del molino Limon, Talavera ha producido históricamente 800,000 onzas de oro. La empresa ha logrado aumentar sus Reservas Minerales de Nicaragua de 140,000 onzas en el cuarto trimestre de 2019 a más de 1.1 millones de onzas al 31 de diciembre de 2023. Las perforaciones recientes continúan cruzando mineralización de oro de alta ley a aproximadamente 750 metros al oeste de la antigua mina subterránea Talavera, con el recurso permaneciendo abierto hacia el oeste.
Para 2025, Calibre planea enfocarse en la expansión y perforación de delimitación en Talavera mientras avanza en los permisos ambientales. La estructura empinada del depósito y las zonas paralelas de mineralización de oro lo hacen adecuado para minería a bajo costo y de largo alcance.
Calibre Mining은 2019년 4분기 이후 니카라과에서 금 100만 온스를 생산한 중대한 이정표를 발표했습니다. 이 회사는 100% 소유의 탈라베라 금매장에 대한 최초의 광물 자원 추정치를 공개했으며, 여기에는 평균 5.09 g/t 금을 지닌 3,847,000톤의 추정 광물 자원이 포함되어 있으며, 이러한 자원에서 630,000온스의 금이 생산됩니다.
리몬 밀에서 불과 3킬로미터 떨어진 탈라베라는 역사적으로 800,000온스의 금을 생산했습니다. 이 회사는 2019년 4분기 140,000온스에서 2023년 12월 31일 기준 110만 온스 이상으로 니카라과 광물 매장량을 성공적으로 늘렸습니다. 최근의 드릴링은 탈라베라 지하광산의 과거 생산 지역에서 약 750미터 떨어진 서쪽에서 고품질 금 광물화와 계속 교차하고 있으며, 자원이 서쪽으로 열려 있습니다.
2025년을 위해 Calibre는 탈라베라에서의 확장 및 구획 드릴링에 집중하고 환경 허가를 추진할 계획입니다. 매장의 가파른 경사 구조와 평행하게 분포한 금 함유 구역은 저비용 장기 구멍 채굴에 적합하게 만듭니다.
Calibre Mining a annoncé une étape significative, produisant sa millième once d'or au Nicaragua depuis le quatrième trimestre 2019. L'entreprise a révélé une première estimation des ressources minérales pour son dépôt d'or Talavera, entièrement détenu, qui comprend 3 847 000 tonnes de ressources minérales inférées avec une moyenne de 5,09 g/t d'or, générant 630 000 onces d'or.
Situé à seulement 3 kilomètres du moulin de Limon, Talavera a historiquement produit 800 000 onces d'or. L'entreprise a réussi à augmenter ses réserves minérales au Nicaragua de 140 000 onces au quatrième trimestre 2019 à plus de 1,1 million d'onces au 31 décembre 2023. Les forages récents continuent de croiser la minéralisation aurifère de haute qualité à environ 750 mètres à l'ouest de l'ancienne mine souterraine de Talavera, la ressource restant ouverte vers l'ouest.
Pour 2025, Calibre prévoit de se concentrer sur l'expansion et le forage de délimitation à Talavera tout en avançant dans l'obtention des permis environnementaux. La structure inclinée du dépôt et les zones parallèles riches en or en font une cible adaptée à un procédé d'extraction à faible coût et à long trou.
Calibre Mining hat einen bedeutenden Meilenstein bekannt gegeben und seit dem vierten Quartal 2019 eine Million Unzen Gold in Nicaragua produziert. Das Unternehmen hat eine erste Schätzung der Mineralressourcen für sein zu 100% im Eigentum befindliches Talavera Goldvorkommen veröffentlicht, das 3.847.000 Tonnen abzuleitender Mineralressourcen mit einem Durchschnitt von 5,09 g/t Gold umfasst, was 630.000 Unzen Gold ergibt.
Talavera, nur 3 Kilometer von der Limon-Mühle entfernt, hat historisch 800.000 Unzen Gold produziert. Das Unternehmen hat seine Mineralresserven in Nicaragua von 140.000 Unzen im vierten Quartal 2019 auf über 1,1 Millionen Unzen zum 31. Dezember 2023 erfolgreich erhöht. Jüngste Bohrungen durchdringen weiterhin hochgradige Goldmineralisierungen etwa 750 Meter westlich der früheren Talavera-Untergrundmine, wobei die Ressource nach Westen offen bleibt.
Für 2025 plant Calibre, sich auf Erweiterungs- und Abgrenzungsbohrungen in Talavera zu konzentrieren, während die Umweltgenehmigungen vorangetrieben werden. Die steile Neigung der Ablagerung und die parallelen goldführenden Zonen machen sie für kostengünstige Langloch-Bergbauverfahren geeignet.
- Achieved 1 million ounces of gold production milestone in Nicaragua since Q4 2019
- New Talavera resource of 630,000 ounces of gold at 5.09 g/t grade
- Increased Nicaragua Mineral Reserves from 140,000 to 1.1 million ounces (2019-2023)
- Resource remains open for expansion to the west
- Strategic location 3km from existing Limon mill
- Talavera resource currently classified as Inferred, requiring additional drilling for upgrade
- Environmental permits still pending for Talavera development
VANCOUVER, British Columbia, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre"), a growing mid-tier gold producer, is pleased to announce a maiden Mineral Resource estimate for its
Darren Hall, President and Chief Executive Officer of Calibre, stated: “I am pleased to report that Calibre has achieved a significant milestone with the production of our one-millionth ounce of gold in Nicaragua since becoming a producer in Q4 2019. This accomplishment is particularly gratifying as we simultaneously increased our Nicaragua Mineral Reserves from 140,000 ounces in Q4 2019 to more than 1.1 million ounces at December 31, 2023.
Additionally, today’s announcement of the 630,000-ounce Mineral Resource at Talavera further highlights the enduring nature of the Limón Mine Complex, which has been in continuous operation since the 1940s and has produced over 5 million ounces.
Talavera offers strong expansion potential, with opportunities to leverage the existing underground infrastructure located adjacent to the resource from the past producing mine. In 2025, our focus at Talavera will include expansion and delineation drilling while advancing environmental permits.
Given Talavera's steeply dipping structure and the presence of several parallel gold-bearing zones, the deposit is well-suited for low cost, long-hole mining. Talavera is poised to contribute to our future gold production, aligning with our strategy of self-funded growth through discovery and operational excellence.
Looking ahead, I am confident that we will continue to drive resource growth and maintain strong reserve replacement in Nicaragua, further solidifying our position as a sustainable growing gold producer.”
About the Talavera Extension
Located west of the main Limon trend and mill, Talavera is a former underground mining area with past production during the 1990s of approximately 800,000 ounces of high-grade gold. The Talavera deposit is a low sulphidation, epithermal vein system consisting of high-grade vein shoots along strike of the productive Veta Nueva and Atravesada gold deposits. Recent drill results at Talavera include 12.57 g/t gold over 7.1 metres including 26.65 g/t gold over 2.2 metres and 4.29 g/t gold over 35.2 metres (see news release dated November 18, 2024).
Link - Figures
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’ 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 Inductively Coupled Plasma (ICP).
Qualified Person
The scientific and technical information contained in this news release was approved by David Schonfeldt P.GEO, Calibre’s Corporate Chief Geologist and a "Qualified Person" under National Instrument 43-101.
About Calibre
Calibre (TSX:CXB) 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.
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, which include the potential for future mineral resources growth and further exploration success, the potential for maintaining strong mineral reserves replacement and the achievement of environmental permits, 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.ca.
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.
FAQ
What is the size and grade of Calibre Mining's new Talavera gold resource?
How many ounces of gold has CXBMF produced in Nicaragua since 2019?
How far is the Talavera deposit from Calibre's Limon mill?
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What are Calibre Mining's plans for Talavera in 2025?
