Calibre Reports Promising Gold Exploration Results at the Pan Mine
Calibre (TSX: CXB; OTCQX: CXBMF) is excited to share new drilling results from its exploration programs at the Pan Heap Leach Gold Mine. Situated on the renowned Battle Mountain – Eureka gold trend, these results reveal gold grades that surpass the current Mineral Resource grade of 0.4 g/t gold. The latest drilling findings across the Pan mine property highlight the potential for increased resources, improved grades, an extended mine life, and greater confidence in the operations at the Pan mine.
Key Drilling Highlights
Recent drilling has yielded impressive 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, with 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's Perspective on Resource Growth
Darren Hall, President and CEO of Calibre, highlighted the significance of these findings, noting that since acquiring the Pan mine, the company has increased its Mineral Reserves by 50%. The results frequently show grades that exceed the stated resource grade, suggesting promising opportunities beyond the existing mineral reserve limits.
Calibre is dedicated to reinvesting in its future, with a clear strategy aimed at expanding its resource base. Over the last four years, the company has produced more than 825,000 ounces of gold and intends to continue its exploration efforts at both the Pan and Gold Rock sites, alongside the multi-million-ounce Valentine Gold Mine.
Commitment to Sustainability
Calibre Mining is committed to sustainable practices in its operations. The company has recently published its sustainability brief, which outlines its dedication to environmental, social, and governance (ESG) principles. This report emphasizes Calibre's initiatives to minimize environmental impact, engage with local communities, and maintain high standards in mining practices.
Quality Assurance and Control Practices
Calibre implements a thorough Quality Assurance/Quality Control (QA/QC) program across its projects. This includes strict management of sample streams with assay standards, blanks, and duplicates to ensure the accuracy of assay lab results.
Qualified Personnel Oversight
The scientific and technical information in the report has been approved by David Schonfeldt P.Geo, Calibre Mining’s Corporate Chief Geologist, ensuring compliance with industry standards.
About Calibre
Calibre is a Canadian-listed, Americas-focused mid-tier gold producer with extensive development and exploration opportunities in Canada, the USA, and Nicaragua. The company aims to generate sustainable value through responsible operations and a strategic growth approach. With a strong financial position and a capable management team, Calibre is well-positioned to unlock significant value in the mining industry.
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 latest drilling results revealed significant gold intersections, including 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 after accounting for production depletion.
What is Calibre's focus in sustainability efforts?
Calibre emphasizes environmental, social, and governance issues, demonstrating its commitment to 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 related to the company’s mining projects.
Where can I find more information about Calibre Mining?
For additional details, you can reach out to Ryan King at calibre@calibremining.com or visit their corporate website.
