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Calibre Mining Corp.
Summary
| Project: | Monte Carmelo | |
|---|---|---|
| Deposit: | Monte Carmelo | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 4/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-4-2017: Calibre Mining Corp. announces an Exploration/Drilling Update report for its Monte Carmelo deposit at the Monte Carmelo project. JV with Centerra Gold Inc. - Drilling results incl. 47.28m @ 0.22% Cu, 0.51% Zn from 7.62m. Calibre Mining Corp. ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gregory Smith (Internal) | |
| ABSTRACT: | Calibre Mining Corp. (TSX-V: CXB) (the “Company” or “Calibre”) announces results on the Company’s 100% owned Monte Carmelo Gold Project (the “Project”) located within the 876 km2 Borosi Concessions, Northeast Nicaragua. President and CEO Greg Smith stated: “Calibre continues to aggressively advance the Company’s 100% owned gold projects in the Borosi District. The Phase 1 drilling at Monte Carmelo tested one of several targets within the Project which hosts additional potential for high grade gold skarn mineralization. This initial eight hole drill program intersected the targeted gold-silver-copper-iron skarn mineralization but we have yet to find the source for the high grade gold samples from the surface and auger drilling work. The Monte Carmelo diamond drill rig has now been moved to the 100% owned Santa Maria gold-silver project to initiate a minimum 2,500 m drill program”. The maiden drilling program at the 100% owned Monte Carmelo Gold Skarn Project consisting of eight diamond drill holes totalling 2100 metres has been completed and all assay results have been received. The drilling targeting high-grade gold skarn mineralization exposed on surface and tested by an extensive program of auger drilling. All drill holes intersected skarn mineralization consisting of garnet and magnetite skarn developed in calcareous sediments, limestone, and intrusives. Mineralization consist of massive and veined zones with anomalous levels of gold and silver with variable copper associated with iron and lesser amounts of zinc, lead, and arsenic. | |
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