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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. Reports Drilling Results at the Eastern Borosi Gold Silver Project, Nicaragua

Calibre Mining Corp. announced assay results for the initial six diamond drill holes from the on-going Phase I Drilling Program on the Eastern Borosi Gold-Silver Project which is being funded under an option agreement with IAMGOLD Corporation. The Phase I Drilling Program has completed fourteen of a planned 30 diamond drill holes and assay results have been received for the first six drill holes High grade drill intercepts to date include; 4.81 metres grading 25.7 g/t Au and 35.2 g/t Ag, 6.03 metres grading 14.4 g/t Au and 14.5 g/t Ag, and 1.00 metre grading 39.9 g/t Au and 132.0 g/t Ag. The first six drill holes of the initial 30 hole program have tested the Guapinol gold-silver vein system over a strike length of 350 metres and to a depth of 100 metres. Mineralization remains open down plunge from the reported intercepts and potential exists for additional mineralized zones along the strike of the Guapinol structure.

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.


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