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Calibre Mining Corp.
Summary
| Project: | Eastern Borosi | |
|---|---|---|
| Deposit: | Eastern Borosi | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 4/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-4-2018: Calibre Mining Corp. announces a Resource Estimation report for its Eastern Borosi deposit at the Eastern Borosi project. Updated mineral resource estimate at project. Vancouver, British Columbia: Calibre Mining Corp. (TSX-V: CXB) (the “Company” | |
| Resources: | (Resource, Inf.): 4.4Mt @ 4.93g/t Au, 80g/t Ag for 0.700Moz Au, 11.359Moz Ag contained | |
| CP/QP: | [Resources]: Tudorel Ciuculescu (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Vancouver, British Columbia: Calibre Mining Corp. (TSX-V: CXB) (the “Company” or “Calibre”) is pleased to announce that Joint Venture partner IAMGOLD Corporation (“IAMGOLD”) has reported an initial and updated NI 43-101 compliant Inferred Mineral Resource estimate on the Eastern Borosi Gold Project, Nicaragua (the “Project”). The Project is a Joint Venture between IAMGOLD 51% and Calibre 49%. Greg Smith, President and CEO of Calibre, stated: “With our JV partner IAMGOLD, Calibre is very pleased to report initial and updated resource estimates for the Eastern Borosi gold project of 729,500 oz AuEq grading 7.05 g/t AuEq for underground resources and a further 82,000 oz AuEq grading 2.13 g/t AuEq for open pit resources (see table below). Exploration on the Eastern Borosi project has outlined several tens of kilometres of gold and silver-bearing structures with a 6,000 metre drill program currently underway with the goal of making new discoveries and expanding on the current high-grade gold-silver resources on the Project.” Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated, "This new resource estimate reported for the Eastern Borosi project consolidates the results of successive drilling campaigns completed by the joint venture partners under the direction of the Calibre exploration team between 2014 and the end of 2017. Numerous vein systems and targets remain to be explored and the potential for resource additions and further discoveries is considered to be favourable“ The four deposits are located in an approximately 8 by 10 kilometre area and observed to display different lens orientations and grades. The various veins are generally open along strike and locally at depth. The potential for adding additional resources will continue to be evaluated in future exploration programs. A deposit location plan map is attached to this news release. | |
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