The Prospector News

Calibre Reports Phase Two Drill Results at its Golden Eagle Project and Commences Detailed Metallurgical Studies; Results Include 2.98 g/t Gold Over 87.17 Metres and 3.70 g/t Gold over 48.55 metres

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Calibre Reports Phase Two Drill Results at its Golden Eagle Project and Commences Detailed Metallurgical Studies; Results Include 2.98 g/t Gold Over 87.17 Metres and 3.70 g/t Gold over 48.55 metres

 

 

 

 

 

Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF) is pleased to announce additional drill results from its second phase diamond drill program at its 100% owned Golden Eagle Project, USA. Drill results from the three holes across the property confirm additional broad intervals of gold mineralization consistent with the previously reported Phase One drill results. The Company has commenced work on a detailed and modern metallurgical program which will explore for future gold extraction potential and recovery methods and build upon previous metallurgical work. Studies are underway and results are expected in the second half of 2023.

 

New Phase Two drill results from the Golden Eagle program include:

  • 2.98 g/t Au over 87.17 metres in Hole GEC22-002;
  • 2.27 g/t Au over 47.55 metres and 3.70 g/t Au over 48.55 metres and 3.29 g/t Au over 26.82 metres in Hole GEC22-004;
  • 3.36 g/t Au over 37.80 metres in Hole GEC22-005.

 

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.

 

Phase One drill results (see news release dated January 24, 2023):

  • 4.30 g/t Au over 92.42 metres, including 7.80 g/t Au over 17.3 metres in Hole GEC22-001;
  • 2.90 g/t Au over 195.1 metres in Hole GEC22-003;
  • 2.38 g/t Au over 114.3 metres; 2.66 g/t Au over 19.8 metres and 2.65 g/t Au over 25.7 metres in hole GEC22-006.

 

Darren Hall, President, and Chief Executive Officer of Calibre stated: “Today’s drill results from Golden Eagle confirm consistent gold mineralization over broad widths, reinforcing the potential of this two million ounce Mineral Resource. Given the exceptional results from all drill holes, we have commenced a comprehensive metallurgical program which will assist in advancing additional technical studies. Golden Eagle is a key US asset and a meaningful contributor to the Company’s overall Mineral Resource and, as such, we are excited to unlock additional upside from the project.”

 

About Golden Eagle

 

Golden Eagle is located in the Republic/Eureka Mining District in Ferry County, Washington, USA approximately 4.8 km north-northwest of the town of Republic, Washington and approximately 16 km west of Kinross Gold’s Kettle River Mill. Golden Eagle hosts a pit constrained, Measured and Indicated resource of 2.02 million ounces at 1.4 g/t gold with an Inferred resource of 155,000 ounces at 0.9 g/t gold.

 

Link 1Figures

Link 2Drilling Table

 

Quality Assurance/Quality Control

 

Calibre Mining maintains a Quality Assurance/Quality Control (“QA/QC”) 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. Downhole deviation, utilizing a surface recording gyroscope, and trained drill crews operating a north-seeking gyroscope supplied by International Directional Services. HQ Core drilling was performed by, 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. ALS carries ISO/IEC 17025:2017 certification.

 

Qualified Person

 

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, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities Calibre will unlock significant value.

 

Posted April 12, 2023

Share this news article

MORE or "UNCATEGORIZED"


Spanish Mountain Gold Announces Larger Scale Preliminary Economic Assessment With a Base Case NPV5% After-Tax of C$1.0 Billion, 18.2 % IRR and 3.4 Year Payback at US$ 2,450/Oz Gold Price; at US$3,300/Oz Spot Gold Price NPV5% C$2.3 Billion, 32.0% IRR and 2.0 Year Payback; Including an Updated Mineral Resource Estimate for Its Spanish Mountain Gold Project

Spanish Mountain Gold Ltd. (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF)... READ MORE

July 4, 2025

Aura Announces Preliminary Q2 2025 Production Results

Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) is plea... READ MORE

July 4, 2025

Cascadia Announces Closing of Financing

Cascadia Minerals Ltd. (TSX-V:CAM) (OTCQB:CAMNF) is pleased to an... READ MORE

July 4, 2025

Abcourt Closes US$ 8M Loan Facility to Start Sleeping Giant Mine

Abcourt Mines Inc. (TSX-V: ABI) (OTCQB: ABMBF) is pleased to anno... READ MORE

July 4, 2025

Mishkeegogamang First Nation and First Mining Sign Long Term Relationship Agreement for the Development of the Springpole Gold Project

Agreement setting out the significant participation of Mishkeegog... READ MORE

July 4, 2025

Copyright 2025 The Prospector News