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Calibre Mining announces exploration and drilling update at the Eastern Borosi Project in Nicaragua

Mining News - Published on Mon, 18 Mar 2019

Image Source: marketwired.com
Calibre Mining Corp announced an update for the 2019 exploration and drilling program on the Eastern Borosi Gold-Silver Project in Nicaragua. Exploration and drilling on the Project is currently being funded by Calibre's JV partner, IAMGOLD Corporation.

Highlights
• The 2019 drilling program consisting of an estimated 6,000 metres of diamond drilling has commenced and the first two drill targets consist of follow-up drilling on two successful high-grade Au-Ag discoveries from 2018 where drill intercepts include;
o 1.55 metres grading 54.68 g/t Au and 3,957 g/t Ag (179.11 AuEq) on the San
Cristobal gold-silver vein-structure
o 4.38 metres grading 13.22 g/t Au and 9.5 g/t Ag (13.37 AuEq) from the Main structure on the La Luna gold-silver vein-structure and a second intercept in the same drill hole of 4.45 metres grading 4.96 g/t Au and 151.5 g/t Ag (7.29 AuEq) from a newly discovered Sulphide-Rich Zone.

President and CEO Mr Greg Smith stated "It is exciting to be starting the 2019 program at the Eastern Borosi Project, with follow-up drilling at the high-grade San Cristobal and La Luna gold-silver vein systems. Further, a series of high priority discovery drill targets with no previous drilling will be tested as part of the 2019 program."

2019 Exploration and Drilling Program
The 2019 exploration program was initiated in January 2019 with target definition and advancement work consisting of soil and rock sampling as well as follow-up trenching designed to prioritize additional drilling targets for 2019. This work is advancing a series of targets defined by previous exploration and includes on-strike extensions to existing deposits and new areas which have not been previously drill tested.

Source :

Posted By : Rabi Wangkhem on Mon, 18 Mar 2019
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