Calibre Mining High Grade Results to Be Used Towards 2024 Mining Decisions

The company had used previous results to fuel its declaration of an initial open pit mineral resource estimate in 2023.

SEATTLE (Scrap Monster): Calibre Mining Corp.‘s (TSX: CXB) (OTCQX: CXBMF) released high grade drill results on Tuesday from its 2023 exploration program from the Volcan Gold Deposit in Nicaragua.

The company had used previous results to fuel its declaration of an initial open pit mineral resource estimate in 2023.  It intends on using these new results towards a mining decision in mid-2024 while permitting is ongoing.

Highlights from 2023 Volcan drilling include:

-2.05 g/t Au over 5.9 metres Estimated True Width (ETW) including 3.48 g/t Au over 1.6 metres ETW in Hole VN-23-170;

-1.87 g/t Au over 12.7 metres ETW including 3.21 g/t Au over 3.6 metres ETW in Hole NV-23-182;

-3.13 g/t Au over 15.0 metres ETW including 6.33 g/t Au over 1.9 metres ETW and including 6.51 g/t Au over 2.7 metres ETW in Hole VN-23-163;

-4.01 g/t Au over 4.8 metres ETW including 6.74 g/t Au over 1.6 metres ETW in Hole VN-23-175;

-15.01 g/t Au over 2.6 metres ETW including 22.90 g/t Au over 1.4 metres ETW in Hole VN-23-171;

-2.51 g/t Au over 9.3 metres ETW including 6.84 g/t Au over 2.5 metres ETW in Hole VN-23-179; and

-6.37 g/t Au over 3.3 metres ETW including 11.87 g/t Au over 1.7 metres ETW in Hole VN-23-187.

Darren Hall, CEO of Calibre Mining, said that Calibre has demonstrated the value of its hub and spoke operating strategy, due to Volcan’s proximity to the Libertad Mill. He expects the deposit to contribute to the overall mining plan and the second half of 2024.

 Courtesy: www.mugglehead.com

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