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Calibre Mining Corp.
Summary
| Project: | Eastern Borosi | |
|---|---|---|
| Deposit: | Cadillac, Veta Loca | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 2/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-2-2018: Calibre Mining Corp. announces an Exploration/Drilling Update report for its Cadillac, Veta Loca deposit at the Eastern Borosi project. JV with IAMGOLD - drilling results incl. 7.45m @ 9.69g/t Au, 2.9g/t Ag from 33.70m. Vancouver, British Columb | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gregory Smith (Internal) | |
| ABSTRACT: | Vancouver, British Columbia: Calibre Mining Corp. (TSX-V: CXB) (the “Company” or “Calibre”) is pleased to report final drilling results for the Q4 2017 diamond drilling program on the Eastern Borosi Gold Project, Nicaragua (the “Project”). Exploration and drilling on the Project is being funded by Calibre’s JV partner IAMGOLD Corporation (“IAMGOLD”). President and CEO Greg Smith stated: “These additional high grade drill results from recently discovered gold and silver vein structures on the Eastern Borosi Project highlight the potential for further discoveries of high grade gold-silver mineralization. The Cadillac and Veta Loca vein systems are new discoveries that are not included in the on-going NI 43-101 maiden resource estimate currently nearing completion on the Eastern Borosi Gold-Silver Project.” Drilling in Q4 2017 consisted of step out holes following up on previous high grade intercepts on structures not currently part of the on-going resource estimate. The drilling tested two high grade gold-silver discoveries specifically; 1) Cadillac Zone where drilling in hole LS15-008 intersected 4.10 metres grading 9.81 g/t AuEq (8.93 g/t Au and 57.4 g/t Ag) between 65.6 and 69.7m, and 2) Veta Loca Zone where drill hole GP16-046 included 6.31metres grading 10.26 g/t AuEq (10.15 g/t Au and 6.9 g/t Ag) between 88.0 and 94.31m. | |
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