Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF) is pleased to announce assay results from its ongoing resource conversion and expansion drill program at the 100% owned Pan Mine (“Pan”), located in the prolific Battle Mountain – Eureka gold trend, Nevada. Numerous results outlined below indicate the potential for resource expansion while focusing on converting known zones of mineralization. During 2022, Calibre is advancing a multi-rig 85,000 metre drill program in Nevada including 50,000 metres focused at Pan.
Highlights from the Pan Resource expansion and discovery drill program include:
Black Stallion Target
Note: All holes were drilled at angles of -45 to -90 degrees at azimuths designed to intersect targeted structures as nearly as possible to perpendicular when possible. Some drill holes and intercepts reported here did not cross mineralization perpendicularly, and do not represent exact ‘true widths’.
Darren Hall, President, and Chief Executive Officer of Calibre, stated: “The recent drilling at Pan has focused on expanding mineralization along trends of known targets. Today’s results confirm our initial interpretation that numerous resource expansion and discovery opportunities exist. We continue to see excellent opportunities for growth and in some cases are seeing shallow, higher grade zones open for further expansion. Since acquiring Fiore Gold in January, 2022 we have announced positive results (see news release dated March 8, 2022 and news release dated April 12, 2022) and anticipate this year’s results will expand resources and lead to additional mine life.”
Link 1 – Figures
Link 2 – Drilling Tables
Quality Assurance/Quality Control
Calibre Mining maintains a Quality Assurance/Quality Control program for all its exploration projects using industry best practices. Key elements of the QA/QC program include the insertion of assay standards, blanks, and duplicates in the sample stream to ensure the assay lab results are within specified performance levels. Down hole deviation surveys are provided by International Directional Services, utilizing a surface recording gyroscope, and by trained drill crews operating a north seeking gyroscope supplied by REFLEX. RC drilling was performed by Boart Longyear of Salt Lake City, Utah and Alford Drilling from Elko, Nevada. Assays were performed by ALS, Reno where fire assays were determined on a 30-gram charge with an AAS finish. An additional cyanide leach assay was also completed. ALS carries ISO/IEC 17025:2017 certification.
The scientific and technical information contained in this news release was approved by David Schonfeldt P.Geo, Calibre Mining’s Corporate Chief Geologist and a “Qualified Person” under National Instrument 43-101.
About Calibre Mining Corp.
Calibre Mining is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Nevada and Washington in the USA, and Nicaragua. Calibre is focused on delivering sustainable value for shareholders, local communities and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, no debt, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities Calibre will unlock significant value.
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We acknowledge the [financial] support of the Government of Canada.