Announcement Date: 2023-01-17
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Calibre Mining Corp.
Project name: Pan
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 74.7m at 0.54g/t Au
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, B.C. – January 17, 2023: Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce assay results from the 2022 discovery and resource expansion drill program at its 100% owned Pan Mine (“Pan”), located in the prolific Battle Mountain – Eureka gold trend, Nevada. Initial results at the new Coyote target (“Coyote”), which had never been drill tested, located approximately 3 km south southwest of the Pan open pit demonstrate the exploration and discovery potential on the property. Coyote was initially identified through surface geochemistry and rock chip sampling combined with an evolving structural geological interpretation. In addition,several results, as outlined below, also indicate the potential for resource expansion while focusing on the conversion of known zones of mineralization. During 2023, Calibre will advance a 38,400 metre drill program in Nevada including 28,000 metres at Pan focusing on new targets and the expansion of known resources.
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