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Calibre Mining Corp.
Summary
| Project: | Primavera | |
|---|---|---|
| Deposit: | Santa Juana, Primavera | |
| Location: | Nicaragua | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 1/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-1-2018: Calibre Mining Corp. announces an Exploration/Drilling Update report for its Santa Juana, Primavera deposit at the Primavera project. Driling results incl. 234m @ 0.83g/t Au, 0.27% Cu from 3m. Vancouver, British Columbia: Calibre Mining Corp. ( | |
| 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 announce results of the 2017 RC (Reverse Circulation) drilling program on the 100% owned Primavera Gold-Copper Porphyry Project, Nicaragua. Greg Smith, President and CEO of Calibre stated: “Drilling on our flagship 100% owned Primavera Gold-Copper Porphyry District has intersected widespread porphyry style alteration and mineralization. These drilling results confirm the potential for further gold-copper porphyry discoveries within the Primavera district. The 2018 Primavera exploration program will include drill testing of additional gold-copper porphyry targets.” The 2017 drill program is the first drilling program at Primavera since 2012 and consisted of 19 Reverse Circulation drill holes totaling 2758.5 metres completed between July and December 2017. Most drill holes (17) were drilled at an angle of 60 degrees with two (PRC17-001 and PRC17-016) drilled at 65 degrees and total length varied between 106.5 and 237.0 metres. The widespread and shallow program was designed as a prospecting initiative testing the broad anomalous gold and copper targets defined by soil and rock sampling which are the most reliable exploration tools in this area of sparse outcrop. The primary goal was to test a series of geochemical, geophysical, and geological targets outboard from the existing Primavera Deposit. The high priority targets include; 1) the NE Trend which covers an area 2km x 1km extending northeast from the existing deposit which was tested by six holes, and 2) the Santa Juana / San Francisco Target with an extent of 2km x 2km centered three kilometres southeast of the Primavera Deposit which was tested by 12 drill holes. | |
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