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Calibre Mining Corp.
Summary
| Project: | La Libertad | |
|---|---|---|
| Deposit: | La Libertad | |
| Location: | Nicaragua | |
| Commodities: | Gold | |
| Date: | 9/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-9-2019: Calibre Mining Corp. announces a Resource Estimation report for its La Libertad deposit at the La Libertad project. Updated mineral resources at property. Roscoe Postle Associates Inc. (RPA) was retained by Calibre Mining Corp. (Calibre) to pre | |
| Resources: | (Resource): 1.987Mt @ 2.61g/t Au (Ind.) and 3.216Mt @ 4.37g/t Au (Inf.) | |
| CP/QP: | [Resources]: Jose M. Texidor Carlsson (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Calibre Mining Corp. (Calibre) to prepare an independent Technical Report on the La Libertad Mine (the Project or La Libertad), located in Chontales Department, Nicaragua. The purpose of this report is to document updated Mineral Resource estimates and provide a summary of the current status of the mine. This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The effective date of this Technical Report is June 30, 2019, and information in this Technical Report is current as of that date unless otherwise specified. RPA visited the Project on April 30, 2019. Calibre is a Vancouver-based company formed in January 1969. It is a reporting issuer in British Columbia and Alberta and is under the jurisdiction of the British Columbia Securities Commission. Its shares trade on the Toronto Venture Exchange under the symbol CXB.V. Calibre is focussed on the exploration, development, and operation of gold-silver-copper deposits in Nicaragua. Calibre has extensive land holdings at various stages of exploration in the Borosi area and a number of other exploration projects in Nicaragua. On July 2, 2019, Calibre announced that it had entered into a transaction with B2Gold Corp. (B2Gold) whereby it would acquire the producing La Libertad and El Limόn gold mines as well as the Pavon gold project and other mineral concessions in Nicaragua held by B2Gold for an aggregate consideration of $100 million, to be paid with a combination of cash, common shares, and a convertible debenture. Following completion of the transaction, B2Gold will own an approximate 31% direct equity interest in Calibre. | |
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