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Calibre Mining Corp.
Summary
| Project: | El Limon | |
|---|---|---|
| Deposit: | El Limon | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver | |
| Date: | 2/4/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-2-2020: Calibre Mining Corp. announces an Exploration/Drilling Update report for its El Limon deposit at the El Limon project. Drilling results incl. 5.3m @ 18.65g/t Au from 197.1m. Vancouver, British Columbia – February 4, 2020: Calibre Mining Corp. (T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark A. Petersen (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – February 4, 2020: Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce initial results from the fourth-quarter 2019 drilling program at El Limon. The drilling was successful in expanding gold mineralization along the El Limon vein system, with high-grade intercepts returned from extensions below the current Limon Norte deposit. A total of five drill holes were completed during the fourth quarter: four targeting the down-dip extensions at Limon Norte and one infill hole at Santa Pancha to assist with mine planning and engineering efforts (see figures). Russell Ball, Chief Executive Officer, stated: “A nice start to our exploration program at El Limon. We ramped-up the program significantly in January and I am confident that our 2020 drilling campaign will deliver positive results in this world-class, low sulfidation epithermal district. I look forward to providing regular updates on our progress at El Limon as the year unfolds.” A total of 1,285 metres was drilled in five holes during the fourth quarter at Limon Norte and Panteon: Limon Norte is located approximately 100 metres north of the current open-pit at Limon Central; Panteon is a vein splay that extends from the Santa Pancha underground mine. The Company is currently drilling at Panteon and is mobilizing a second drill to resume drilling along the main El Limon vein-system. | |
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