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Calibre Mining Corp.
Summary
| Project: | Eastern Borosi | |
|---|---|---|
| Deposit: | East Dome, RDO | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 8/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-8-2017: Calibre Mining Corp. announces an Exploration/Drilling Update report for its East Dome, RDO deposit at the Eastern Borosi project. JV with IAMGOLD - Drilling results incl. 6.0m @ 2.74g/t Au from 315.67m. Vancouver, British Columbia: Calibre Min | |
| 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 results for the 2017 drilling program on Eastern Borosi Gold Project, Nicaragua (the “Project”), which is being funded by Calibre’s JV partner IAMGOLD Corporation (“IAMGOLD”), and also announce the initiation of an updated NI 43-101 mineral resource estimate which will incorporate results from 26,000 metres of drilling competed over the last four years. President and CEO Greg Smith stated: “With the culmination of four successful drilling programs between 2014 and 2017 on the Eastern Borosi Gold Project we are excited to initiate an updated NI 43-101 resource estimate which will include the maiden resource estimates for the newly defined zones at the Guapinol, Vancouver, Main Blag and East Dome gold-silver systems. IAMGOLD continues to be an excellent partner and we look forward to continuing to advance the Project.” 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. Drilling in 2017 consisted of 22 diamond drill holes for a total of 7,290 metres, with results reported here for the final eight holes. Drilling in 2017 targeted a series of high grade gold-silver vein systems defined by historic drilling and drilling campaigns in 2014, 2015, and 2016. Step out drill holes tested down plunge and on-strike extensions. Low sulphidation epithermal gold-silver mineralization intersected on the Eastern Borosi Project is hosted within porphyritic andesite and consists of structurally controlled, high energy quartz-carbonate vein breccias, vein-stockworks and discrete smokey quartz veins containing fine grained sulphide minerals. | |
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