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Calibre Mining Corp.
Summary
| Project: | Rosita | |
|---|---|---|
| Deposit: | Rosita Stockpiles and Tailings | |
| Location: | Nicaragua | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 8/17/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-8-2016: Calibre Mining Corp. announces a Resource Estimation report for its Rosita Stockpiles and Tailings deposit at the Rosita project. Technical report on previously released resource estimate for stockpiles and tailings at project. Wu's Mining Geol | |
| Resources: | ||
| CP/QP: | [Resources]: Yungang Wu (Independent) | |
| ABSTRACT: | Wu's Mining Geological Consulting Inc. (WMGC) was commissioned by Rosita Mining Corporation (TSX.V:RST), Joint Venture Partner of Calibre Mining Corp.(TSX.V:CXB), to undertake resource estimate in compliance with National Instrument (NI) 43-101 on six stockpiles and tailings of Rosita Gold-Copper-Silver project (Rosita) located in the municipality of Rosita in the Región Autónoma de la Costa Caribe Norte (RACCN), Nicaragua. The Rosita project is situated an approximate distance of 390 kilometres northeast of the capital city of Managua. The Rosita project is registered with the Ministerio de Energía y Minas ("MEM") as exploitation concession number 821, Accord number 55-DM-38-2007 comprising 3,356.9 hectares with an expiration date of June 9, 2044. Rosita D concession is owned by CXB Nicaragua S.A, a subsidiary of Vancouver-based, Calibre Mining Corp (Calibre). Calibre has entered into an option agreement with Alder Resources Ltd.(Alder) in August 2011 whereby Alder can earn a 65% interest in the Rosita D concession. On July 24, 2015, Midlands Minerals Corporation (Midland) acquired all of the outstanding common shares of Alder and changed its name to "Rosita Mining Corporation". By November 30, 2015, Rosita Mining has earned a 65% interest in the Rosita-D Concession from Calibre which then owns 35% interest of the property. Taxes of surface right and annual payments for the first half of the year 2016 were paid by Calibre for all its concessions including Rosita D concession. | |
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