Last C$0.11 CAD
Change Today +0.02 / 22.22%
Volume 719.9K
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As of 3:59 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

calibre mining corp (CXB) Snapshot

Open
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Previous Close
C$0.09
Day High
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Day Low
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52 Week High
08/30/13 - C$0.12
52 Week Low
01/31/14 - C$0.03
Market Cap
20.7M
Average Volume 10 Days
608.2K
EPS TTM
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Shares Outstanding
187.9M
EX-Date
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P/E TM
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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 Results from Follow-Up Trenching and Sampling at the Minnesota Gold Project

Calibre Mining Corp. announced results from follow-up trenching and sampling at the Minnesota Gold Project within the B2Gold Corp. Joint Venture on the Borosi concessions, northeast Nicaragua. Calibre controls a 49.0% interest in the joint venture and B2Gold has a 51.0% interest and is project operator. B2Gold has the right to earn an additional 19.0% in the Borosi concessions joint venture by spending $6.0 million in additional project expenditures over three years. The 2014 exploration program on the B2Gold joint venture is budgeted at $1.2 million. The latest results on the Minnesota Gold Project have further extended the previously defined gold mineralization increasing the trench intercept to 61.9 metres grading 1.76 g/t Au. The trenches continue to expose intensely sericitized granodiorite with strong hematite staining and variable silicification. The gold mineralization in the trenches remains open to the north and south. Exploration at Minnesota continues with new trenches planned 100 meters northeast and southwest of Trenches MINTR14- 6 through 9 at high angles to the apparent trend of the gold mineralization. The Minnesota gold target area consists of intrusive hosted veinlets within a structurally prepared area with widespread alteration. The target is defined by a strong 1.75 km by 1.25 km gold in soil anomaly.

Calibre Mining Announces 3400 Metre Drill Program on the Eastern Borosi Project, Nicaragua

Calibre Mining Corp. announced that the company and IAMGOLD Corporation have finalized the scope and budget of the 2014 diamond drilling program on the Eastern Borosi Project, Nicaragua. Highlights: The 2014 drilling program will begin with approximately 3,400 metres of diamond drilling with a total budget of $1.0 million. The remaining $500,000 of the first year's work commitment will allow for an additional 2,600 metres of drilling which will be prioritized following a review of the results. The planned drilling program will comprise an estimated 31 diamond drill holes totaling 3,400 metres designed to test approximately 3.0 kilometres of strike length of previously identified gold-silver bearing structures. Drill targets have been prioritized and are based on previous exploration including; surface mapping, exposures in small miner's working, historic underground development and drilling as well as soil and rock geochemistry and LIDAR surveying. Drilling will test a number of high priority gold-silver targets including; Guapinol, Riscos de Oro extension, Blag, California, Veta Vancouver, and Veta Toronto. Drilling is planned to commence in July, 2014. The Eastern Borosi Project includes the Riscos de Oro and La Luna NI 43-101 Inferred Mineral Resources which total 4.70 million tonnes grading 2.31 g/t Au and 34.99 g/t Ag containing 350,000 ounces of gold and 5.29 million ounces of silver.

Calibre Mining Corp. Announces Results from Follow-Up Trenching and Sampling at the Minnesota Gold Project

Calibre Mining Corp. announced results from follow-up trenching and sampling at the Minnesota gold project within the B2Gold Corp. Joint Venture on the Borosi concessions, northeast Nicaragua. Calibre controls a 49.0% interest in the joint venture and B2Gold has a 51.0% interest and is project operator. B2Gold has the right to earn an additional 19.0% in the Borosi concessions joint venture by spending $6.0 million in additional project expenditures over three years. The 2014 exploration program on the B2Gold joint venture is budgeted at $1.2 million. Highlights: Trenching at the Minnesota Gold Project has extended gold mineralizationintercepting 30.5 metres grading 2.01 g/t Au. The trenching is located within a 700 metre by 125 metre auger sampling gold anomaly. The latest results on the Minnesota Gold Project have extended the previously defined gold mineralization and have identified a new target located near the main trend. Results for trenching completed by B2Gold returned 14.7 m grading 2.31 g/t Au in trench MINTR14-007. Trench MINTR14-007 is an extension to the south of Trench MINTR14-006 which intersected 14.8 m grading 1.85 g/t Au. The gold mineralization in the trenches remains open to the north and south. The Minnesota target area consists of intrusive hosted veinlets within a structurally prepared area with widespread alteration. The target is defined by a strong 1.75 km x 1.25 km gold in soil anomaly. Recent sampling by B2Gold has identified new gold mineralization located approximately one kilometre to the north-northeast of trenches MINTR14-006 and MINTR14-007. The sampling returned three samples with greater than one gram per tonne gold including 1.86 g/t Au, 1.68 g/t Au and 5.99 g/t Au. The anomalous gold samples are located well off of the main mineralized trend and the mineralization is similar in style to mineralization in trenches MINTR14-006 and MINTR14-007. Results for a series of gridded auger holes which have been completed within and to the northeast of the existing surface anomaly have further defined the nature and extent of the gold mineralization. The auger anomaly is approximately 125 metres wide with gold assays consistently above 100ppb Au. Trenches MINTR14-006 and MINTR14-007 are located within the extended anomaly. Overall the anomalous trench and auger rock samples define an area of pervasive gold mineralization approximately 700 metres long and up to 125 metres wide. Trenching and auger sampling continues on the Minnesota gold project.

 

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