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calibre mining corp (CXB) Details

Calibre Mining Corp. engages in the acquisition, exploration, and development of gold and silver deposits in central America. It focuses on the Riscos de Oro gold-silver deposit, the Primavera gold-copper project, and the Rosita copper-gold-silver project, which are located in the Borosi Concessions, northeast Nicaragua. The company is headquartered in Vancouver, Canada.

calibre mining corp (CXB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$193.3K
Chief Financial Officer
Total Annual Compensation: C$138.3K
Compensation as of Fiscal Year 2013.

calibre mining corp (CXB) Key Developments

Calibre Mining Corp. Announces the Expansion of the Current Phase I Drilling Program on the Eastern Borosi Gold-Silver Project

Calibre Mining Corp. announced the expansion of the current Phase I Drilling Program on the Eastern Borosi Gold-Silver Project which is being funded under an option agreement with IAMGOLD Corporation. Highlights: Partners IAMGOLD and Calibre Mining have expanded the Phase 1 drilling program at the Eastern Borosi Gold-Silver Project from the previously announced 3,400 metres in 31 drill holes to approximately 5,000 metres in 45 drill holes. Drilling will test over 4.0 km of strike length of previously identified gold-silver bearing structures. The Phase 1 Drilling Program has now completed 27 of a planned 45 diamond drill holes and assay results have been received for the first 18 drill holes. To date, Phase 1 drilling has tested the California vein system (including 0.50 metres grading 19.20 g/t Au - drill hole GP14-015), the Vancouver vein system (including 6.50 metres grading 16.88 g/t Au - drill hole GP14-010) and the Guapinol vein system (including 4.81 metres grading 25.66 g/t Au - drill hole GP14-003).

Calibre Mining Corp. Commences Trenching and Ground Geophysics on 100% Owned Montes De Oro Gold Project, Nicaragua

Calibre Mining Corp. announced the commencement of the next phase of exploration activities on the 100% owned, high-grade Montes de Oro Gold Project, Siuna District, Nicaragua. The Montes de Oro target consists of a 400 metre by 650 metre gold in soil anomaly which has been successfully tested by trenching with results including 52.3 metres grading 7.1 g/t gold, 27.5 metres grading 4.92 g/t gold and 33.5 metres grading 2.10 g/t gold. Work to date at Montes de Oro has defined two high-grade, sub-parallel gold mineralized zones: one 250 metres long and one 500 metres long. Both zones are open for expansion. The new trenching will include an extension of Pit #26 located 300 metres north of trench MTR13-009 which intersected 52.3 m grading 7.07 g/t Au. Pit #26 exposed silicified and argillic altered diorite with quartz veining and returned highly anomalous gold values including a high of 14.5 g/t Au and three others returning 5.37 g/t Au, 4.25 g/t Au and 1.49 g/t Au. The ground geophysical program consists of 25 line kilometres of surveying which will cover the entirety of the 600 metre by 450 metre gold in soil anomaly. The survey is targeting highly magnetic zones interpreted to be associated with concentrations of pyrrhotite which has been shown to be associated with gold at Montes de Oro. Additional work will also be completed on a series of gold targets with characteristics similar in geology and geochemical signature to the Montes de Oro discovery. This will include rock and soils sampling at Rosquilete (8 km north-west of Montes de Oro), San Miguelito (3km north-east of Montes de Oro), and Cerro Potosi adjacent to the historic La Luz Gold Mine. The Siuna District is located in the south-west portion of the Borosi Concessions and contains the past producing La Luz Mine that produced 17.1 million tonnes of ore grading 4.14 g/t gold (2.3 million ozs gold). Approximately one kilometre south of the La Luz Mine, Calibre has defined an NI 43-101 Inferred Mineral Resource, at the Cerro Aeropuerto gold-silver deposit at a 0.6 g/t AuEq cutoff of 6.0 million tonnes grading 3.64 g/t gold and 16.16 g/t Ag containing 707,750 ozs gold and 3.1 million ozs silver. Montes de Oro is located 10 kilometres north of the La Luz Mine.

Calibre Mining Corp. Announces Drilling Results at the Eastern Borosi Gold-Silver Project, Nicaragua

Calibre Mining Corp. announce assay results for the second set of six diamond drill holes from the on-going Phase I Drilling Program on the Eastern Borosi Gold-Silver Project. The Phase I Drilling Program has completed 22 of a planned 30 diamond drill holes and assay results have been received for the first 12 drill holes. New high grade gold drill intercepts include; 6.50 metres grading 16.88 g/t Au and 20.95 g/t Ag, including 1.82 metres grading 45.79 g/t Au and 32.39 g/t Ag (Drill Hole GP14-010). The first 9 drill holes tested the Guapinol gold-silver vein system over a strike length of 670 metres and to a depth of 100 metres with the next 3 drill holes targeting the adjacent Vancouver gold-silver vein system over a strike length of 200 metres and to a depth of 80 metres. Mineralization remains open down plunge from the reported intercepts and potential exists for additional mineralized zones along the strike of both structures. The current drilling program has been designed to test the strike extent of the known gold/silver-bearing structures on a portion of the Eastern Borosi project. The first nine holes (GP14-001 through GP14-009) were drilled on the Guapinol gold-silver vein system testing 670 metres of strike length. Drill holes GP14-010 through GP14-014 targeted 420 metres of the Vancouver gold-silver vein system located approximately 250 metres south-east of the Guapinol structure. Additional completed drill holes include holes GP14-015 through GP14-018 which targeted 340 metres of the California structure located one kilometre north of drill hole GP14-008. Drilling is currently testing the Blag Structure, located three kilometres northeast of the California structure, where to date four holes BL14-0001 through BL14-004 have been completed. Low sulphidation epithermal gold-silver mineralization intersected at the Guapinol and Vancouver gold-silver vein systems are hosted within porphyritic andesite and consists of structurally controlled, high energy quartz-carbonate vein breccias, vein-stockworks and discrete smokey quartz veins containing fine grained sulphide minerals. The 2014 drilling program will comprise an estimated 30 diamond drill holes designed to test approximately 3.0 kilometres of strike length of previously identified gold-silver bearing structures.


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