| Announcement Date: | 2022-03-22 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Calibre Mining Corp. |
| Project name: | Pavon |
| Location: | Nicaragua |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 12.4m @ 11.56g/t Au from 37.6m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, B.C. – March 22, 2022: Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to provide an update on the Company’s next high-grade open pit mine, at Pavon Central and 2021 and 2022 drill programs. Pavon Central development is on track to ramp up production in the first half of 2023 and recent results highlight high-grade drilling and expansion of defined high-grade open pit deposits at the Pavon Central, and Pavon South. Pavon Norte represents the first of three known high-grade open pits within this emerging gold district. As exploration at our 100% owned Pavon Complex continues to advance, we are beginning to see the benefits of our drill program and believe there is great potential to make new discoveries and continue to expand known resources particularly when intercepting high-grade intercepts near surface as reported today.” 2021/2022 Exploration Drilling Program The drilling completed in 2021 and the current program focuses on step out drilling on the currently identified resources, extending mineralization along strike and down dip, in all three deposits. The vein bearing structure varies in width and grade with several drillholes host to multiple gold bearing quartz veins within a wide fault structure. Given the positive drill results, to-date, there is good potential to expand Pavon Central along strike to the north where new intercepts including 4.46 g/t Au |
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