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Calibre Mining Drilling Results for Panteon Deposit at El Limon

Mining News - Published on Mon, 13 Apr 2020

Image Source: Calibre Mining Panteon Deposit
Calibre Mining Corp has reported drilling results from the Panteon deposit, part of the El Limon mine complex. The drilling results confirm the continuity of high-grade gold mineralization over consistent, mineable widths along the down-plunge projection of the deposit, below the base of historic workings. Calibre Mining Chief Executive Officer Russell Ball said “A great start to a potential new underground operation at our Limon mine. The proximity to our Santa Pancha underground mine provides an excellent opportunity for the rapid delineation and development of a new, high-grade resource at Panteon. As part of our ‘hub-and-spoke’ approach to maximizing value from our consolidated operations, Panteon would be ideal feed source for our Libertad mill, which currently has significant excess processing capacity.”

Prior to the start of drilling in Q4 2019, the deposit had only been tested 120 metres along strike and to a depth of 115 metres from surface. The current drilling is focused on delineating an indicated resource along the down plunge projection of the deposit, as well as to test potential at depth and along strike to the southeast.

Highlighted drill results from the Panteon drilling program include:
17.96 g/t Au over 4.4 metres Estimated True Width from 210 meters depth in hole LIM20-4422;
10.64 g/t Au over 4.7 metres ETW from 178 metres depth in hole LIM20-4423;
54.67 g/t Au over 5.2 metres ETW from 179 meters depth in hole LIM20-4424;
17.77 g/t Au over 10.8 metres ETW from 155 metres depth in hole LIM20-4425; and
6.28 g/t Au over 9.1 metres ETW from 194 metres depth in hole LIM20-4426.

The Panteon deposit is located approximately 150 metres west of the Santa Pancha underground mine. Calibre has drilled a total of 2,625 metres in 12 holes, focusing on a 75 by 150-metre section of thickening along the vein and its potential extension at depth. Drilling to date has tested this section over a vertical range of 115 to 175 metres depth from surface. The results of this drilling, combined with previous drilling by B2Gold, are being incorporated into a new mineral resource estimate that will provide the basis for a development decision. There are currently no mineral resources reported for Panteon.

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Posted By : Yogender Pancholi on Mon, 13 Apr 2020
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