Calibre Enhances Gold Exploration Results at Pan Mine
Calibre Enhances Gold Exploration Results at the Pan Mine
Calibre (TSX: CXB; OTCQX: CXBMF) is pleased to announce additional near-surface resource expansion drilling results from its exploration programs at the Pan Heap Leach Gold Mine. Located on the prolific Battle Mountain – Eureka gold trend, the results indicate gold grades higher than the stated Mineral Resource grade of 0.4 g/t gold. The new drilling results across the Pan mine property showcase the potential for increased resources, grade improvement, extended mine life, and enhanced confidence in the Pan mine operations.
Significant Drilling Highlights
Recent drill results have confirmed notable intersections including:
- 0.45 g/t Au over 117.4 metres ETW in Hole PR24-113;
- 0.56 g/t Au over 59.4 metres ETW, including 1.31 g/t Au over 9.1 metres ETW in Hole PR24-111;
- 0.46 g/t Au over 71.6 metres ETW in Hole PR23-208;
- 0.66 g/t Au over 36.6 metres ETW in Hole PR23-212;
- 0.93 g/t Au over 24.4 metres ETW in Hole PR23-201;
- 0.45 g/t Au over 10.7 metres ETW in Hole PR24-066;
- 0.58 g/t Au over 15.2 metres ETW in Hole PR24-067;
- 0.58 g/t Au over 13.7 metres ETW in Hole PR24-076;
- 0.42 g/t Au over 24.4 metres ETW in Hole PR24-81;
- 0.41 g/t Au over 29.0 metres ETW in Hole PR24-126;
- 1.38 g/t Au over 9.1 metres ETW in Hole PR23-181;
- 1.08 g/t Au over 6.1 metres ETW in Hole PR24-024;
- 0.34 g/t Au over 32.0 metres ETW in Hole PR24-131.
Management Insights on Resource Expansion
Darren Hall, President and Chief Executive Officer of Calibre, emphasized the importance of these insights, stating that since acquiring Pan, the company has increased Mineral Reserves by 50%. The results often exhibit grades that exceed the stated resource grade, indicating strong prospects outside the current mineral reserve boundaries.
Calibre remains committed to reinvesting in its future with a clear strategy focused on expanding its resource base. Over the past four years, the company has produced over 825,000 ounces of gold and plans to continue its exploration efforts at Pan and Gold Rock, along with the multi-million-ounce Valentine Gold Mine.
Sustainability Initiatives
Calibre Mining is dedicated to sustainability in its operations. The company recently released its sustainability brief, showcasing its commitment to environmental, social, and governance principles. This report reinforces Calibre's efforts to reduce environmental impact, engage with local communities, and adhere to high mining practice standards.
Quality Assurance and Control Practices
Calibre employs a comprehensive Quality Assurance/Quality Control (QA/QC) program across its projects. This includes rigorous sample stream management with assay standards, blanks, and duplicates to ensure accuracy in the assay lab results.
Qualified Personnel Oversight
The scientific and technical information in the report was approved by David Schonfeldt P.Geo, Calibre Mining’s Corporate Chief Geologist, demonstrating compliance with industry standards.
About Calibre
Calibre is a Canadian-listed, Americas-focused mid-tier gold producer with expansive development and exploration opportunities in Canada, the USA, and Nicaragua. The company aims to create sustainable value through responsible operations and a strategic growth approach. Recognized for its sound financial position and a competent management team, Calibre is poised to unlock substantial value in the mining sector.
Contact Information
Ryan King
SVP Corporate Development & IR
T: 604.628.1012
E: calibre@calibremining.com
Calibre’s head office is located at Suite 1560, 200 Burrard St., Vancouver, British Columbia, V6C 3L6.
Frequently Asked Questions
What are the recent drilling results at the Pan Mine?
The recent drilling results included significant gold intersections, such as 0.45 g/t Au over 117.4 metres ETW and 0.56 g/t Au over 59.4 metres ETW.
How has Calibre's Mineral Reserve changed?
Since acquiring the Pan mine, Calibre has successfully increased its Mineral Reserves by 50%, even accounting for production depletion.
What is Calibre's focus in sustainability efforts?
Calibre prioritizes environmental, social, and governance issues, showcasing its responsible mining practices and community engagement in its sustainability reports.
Who oversees Calibre’s technical disclosures?
David Schonfeldt P.Geo, Calibre Mining’s Corporate Chief Geologist, is responsible for overseeing the technical information provided about the company’s mining projects.
Where can I find more information about Calibre Mining?
For further details, you can contact Ryan King at calibre@calibremining.com or visit their corporate website.
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