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Calibre Mining Corp.

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Summary

Project:

La Libertad

Deposit:Jabali West
Location:Nicaragua
Commodities:Gold
Date:5/20/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:20-5-2020: Calibre Mining Corp. announces an Exploration/Drilling Update report for its Jabali West deposit at the La Libertad project. Drilling results incl. 3.6m @ 23.46g/t Au from 296.4m. Vancouver, B.C. – May 20, 2020: Calibre Mining Corp. (TSX: CXB;
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Mark Petersen (Internal)
ABSTRACT:Vancouver, B.C. – May 20, 2020: Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to provide an update on exploration results from the Company's diamond drilling programs. Recent drilling has confirmed resource expansion potential down plunge at the Panteon deposit at Limon and at the Jabali West underground mine at Libertad. Drilling has also demonstrated positive gold grades and continuity along strike at the previously untested Tranca prospect and at the Amalia prospect, which like Tranca, had not been drill tested prior to the current exploration program. Exploration activities will recommence upon the restart of mining operations with an increased scope of 60,000 metres now planned, an increase of approximately 30% from the previous 47,000 metres. The increased scope will increase the number of rigs drilling from six (prior to the temporary suspension) to ten in the fourth quarter of 2020, with four scheduled at Limon, four at Libertad and two at Pavon.

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