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Calibre Mining Corp.
Summary
| Project: | Eastern Borosi | |
|---|---|---|
| Deposit: | East Dome, Blag Main | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 6/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-6-2016: Calibre Mining Corp. announces an Exploration/Drilling Update report for its East Dome, Blag Main deposit at the Eastern Borosi project. JV with IAMGOLD - drilling results incl. 4.51m @ 1.82g/t Au, 146.3g/t Ag from 211.60m. Vancouver, British Co | |
| 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 announce the first set of results from the 2016 drilling program on the Eastern Borosi Project, Nicaragua which is being funded by Calibre’s partner IAMGOLD Corporation (“IAMGOLD”). President and CEO Greg Smith stated: “Drilling in 2016 at the Eastern Borosi Project continues to expand the gold-silver vein systems showing the robust nature of the mineralization. Drilling in 2016 has extended mineralization along strike and down dip at both the Main Blag and East Dome targets.” Exploration to date on the Eastern Borosi Project has outlined several tens of kilometres of highly prospective mineralized structures located in an historic gold-silver mining district. Targets have been defined by surface soil and rock sampling, trenching and drilling. To date in 2016, 18 holes have been completed (5 East Dome; 4 Blag Main; 3 Santos Trend; 3 Vancouver vein; 3 Vein Swarm for total meterage to date of : 3,487.53 metres (1,017.00m East Dome; 696.39m Blag Main; 466.64m Santos Trend; 686.24m Vancouver vein; 621.26m Vein Swarm). Results have been received and are being reported in this news release for the first 11 holes including five holes drilled at East Dome, three holes completed at Main Blag and three holes testing the Santos Trend. Additional drill holes completed and being assayed include; three holes testing the Vancouver and Guapinol Vein System, three holes on the Blag Vein Swarm target, and an additional drill hole at the Main Blag Structure. | |
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