For thousands of other reports visit RSC's Mineral Intellingence Map
Calibre Mining Corp.
Summary
| Project: | Eastern Borosi | |
|---|---|---|
| Deposit: | San Cristobal | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 12/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-12-2018: Calibre Mining Corp. announces an Exploration/Drilling Update report for its San Cristobal deposit at the Eastern Borosi project. Drilling results incl. 8.04m @ 10.92g/t Au, 859.0g/t Ag, 951ppm Pb, 2031ppm Zn from 87.82m. Vancouver, British Co | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gregory Smith (Internal) | |
| ABSTRACT: | Vancouver, British Columbia: Calibre Mining Corp. (TSX-V: CXB) (the “Company” or “Calibre”) is pleased to report additional results for the on-going 2018 diamond drilling program on the Eastern Borosi Gold-Silver Project, Nicaragua (the “Project”). Exploration and drilling on the Project is being funded by Calibre’s JV partner IAMGOLD Corporation (“IAMGOLD”). President and CEO Greg Smith stated: “Initial diamond drilling on the San Cristobal gold-silver structure has discovered epithermal veins hosting significant high-grade gold-silver mineralization including one of the highest-grade gold-silver intercepts drilled to date on the Eastern Borosi Project. Discovery drill hole SC18-002 intersected 8.04 m grading 10.92 g/t Au and 859.0 g/t Ag with the discovery remaining open along strike and down dip”. Drilling to date in 2018 has consisted of step out holes following up on previous high grade intercepts on a series of structures and drill holes testing new targets. Total holes completed to date: 48 - (3 Veta Loca “B”, 3 Guapinol, 13 Cadillac-Jaguar, 6 East Dome, 6 Main Blag, 12 La Luna, and 5 San Cristobal). Total meterage to date 2018 (completed holes): 10,043.07 metres - (468.17m Veta Loca “B”, 590.17m Guapinol, 2,414m Cadillac-Jaguar, 2,052.72 East Dome, 1,637.78m Main Blag, 1,994.88m La Luna, and 630.9m San Cristobal). The complete interval results for the recently received two drill holes are provided in the Table 2 below. Drill hole details and maps can be found on Calibre’s website www.calibremining.com. Recent results have resulted in a new high-grade gold-silver discovery at the San Cristobal Zone. Drill hole SC18-002 intersected 8.04 metres grading 10.92 g/t Au and 859 g/t Ag (24.14 AuEq) including 1.55 metres grading 54.68 g/t Au and 3,957 g/t Ag (179.11 AuEq). The San Cristobal Zone has been traced on surface with rock and soil sampling for approximately two kilometres with potential in certain potions for several sub-parallel structures. Three additional drill holes have been completed at San Cristobal with results pending. A variation in the structural trend is noted and the new results will help to support the modeling and potential of the San Cristobal structure. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report