| Announcement Date: | 2022-11-22 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Calibre Mining Corp. |
| Project name: | Gold Rock |
| Location: | United States |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 43.80m at 3.2g/t Au |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, B.C. – November 22, 2022: Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) is pleased to announce results from its 2022 drill program at its 100% owned Gold Project located in White Pine County, Nevada in the Battle Mountain – Eureka gold trend. The federally permitted project is located within a prospective 78 km2 land package with numerous high-priority targets. The initial purpose of the 2022 drill program was to de-risk the Gold Rock, near-surface oxide project through infill and condemnation drilling, geo-metallurgical classification, and structural modelling. During the program, Calibre intersected high-grade, sulphide mineralization in areas previously untested by drilling. Historic drilling at Gold Rock targeted shallow, oxide mineralization. As evidenced in Figure 2, mineralization plunges from south to north along both limbs of the Gold Rock Anticline and these gold chutes remain open to depth. Multi-element analysis reveals increasing arsenic, bismuth, and tellurium geochemistry, suggesting a highly favourable gold environment while magnetic data shows a large, deep seated magnetic low, typical of Carlin-style feeder systems. |
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