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Calibre Mining Corp.
Summary
| Project: | Siuna | |
|---|---|---|
| Deposit: | Huracan | |
| Location: | Nicaragua | |
| Commodities: | Gold | |
| Date: | 3/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-3-2017: Calibre Mining Corp. announces an Exploration/Drilling Update report for its Huracan deposit at the Siuna project. JV with Centerra Gold Inc. - Drilling results incl. 1.52m @ 48.80g/t Au, 43.9g/t Ag from 9.15m. Calibre Mining Corp. (TSX-V: CXB | |
| Resources: | (Resource, Inf.): 6.05Mt @ 3.64g/t Au, 16.16g/t Ag at Cerro Aeropuerto deposit | |
| CP/QP: | [Overall Report]: Gregory Smith (Internal) | |
| ABSTRACT: | Calibre Mining Corp. (TSX-V: CXB) (the “Company” or “Calibre”) is pleased announce the Company and Centerra Gold Inc. (“Centerra”) continue to advance exploration programs on the Siuna Gold-Copper Project (the “Project”), located in Northeast Nicaragua. Centerra can earn a 70% interest in the 253 km2 Project by investing a total of $9.0 million in exploration on the property before December 31, 2020. President and CEO, Greg Smith stated: “Surface exploration and drilling on the Siuna Project continues to advance a series of gold targets in a historic mining camp and analysis highlights the excellent opportunity to expand on the currently defined gold mineralization. Newly discovered, low-grade porphyry-style gold-copper mineralization intersected in drilling highlights the underexplored and prospective nature for further discoveries of the Siuna Project.” The Siuna Project is located in the south-west portion of the Borosi Concessions and contains the past producing open pit and underground La Luz Mine that produced 17.1 million tonnes of ore grading 4.14 g/t gold (2.3 million ozs gold) as well as, one kilometre to the south, the NI43-101 compliant Inferred Resource at the Cerro Aeropuerto gold-silver deposit which hosts 707,750 ozs gold and 3.1 million ozs silver in 6.05M tonnes grading 3.64 g/t Au and 16.16 g/t Ag at a cut off of 0.6 g/t. | |
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