Calibre Mining Reports Positive Results from Valentine Gold Mine
Calibre Mining Announces Promising Results from Marathon Pit
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has shared encouraging news regarding the Marathon Pit at the Valentine Gold Mine. The company revealed that partial ore control reverse circulation (RC) drill results from the Marathon Pit show an impressive 44% additional gold recovery and 47% higher grades compared to the models established in the 2022 Mineral Reserve.
Insights into RN Results and Development Progress
The current life of mine plan for the Valentine Gold Mine, which encompasses multiple pits including Leprechaun, Berry, and Marathon, confirms a total of 51.6 million tonnes grading 1.62 g/t gold, comprising 2.7 million ounces of gold. Calibre Mining has drilled 196 RC holes, amounting to a total of 4,915 metres within three benches that are scheduled for mining in 2025. The results exhibited a remarkable increase in the gold yield compared to the previous Mineral Reserve model.
Comments from Leadership
Darren Hall, the President and CEO of Calibre, expressed his enthusiasm regarding the recent drilling outcomes. Hall stated, “The results from this initial round of ore control drilling at the Marathon pit are highly promising, with substantial increases in gold grades and additional ounces compared to the 2022 Mineral Reserve counterpart. As construction reaches 77%, we feel an increasing sense of confidence as we prepare for the first gold extraction at Valentine in the second quarter of 2025.”
Expanding Exploration Efforts
Alongside the results from the Marathon Pit, Calibre has initiated a diamond drilling program as part of their expanded 100,000 metre exploratory initiative. This endeavor aims to discover new deposits of gold along the Valentine Lake Shear Zone, with the expectation of receiving promising results in the coming weeks. The team is optimistic and anticipates discovering significant gold resources within the broader Valentine land package.
Quality Control Measures
To ensure the accuracy of their findings, Calibre implements strict quality assurance and quality control (QA/QC) protocols. These include the periodic incorporation of blanks and standards within each sample batch during the RC drilling process. Sample cuttings are meticulously processed, then split and analyzed for gold content utilizing the LeachWELL method at specialized facilities in Canada.
About Calibre Mining
Calibre Mining Corp. is a burgeoning mid-tier gold producer based in Canada, focusing on growth across North America and Central America. With a solid pipeline of development and exploration prospects across regions like Newfoundland and Labrador, Nevada, and Nicaragua, the company is dedicated to delivering sustainable shareholder value through holistic operations and strategic growth initiatives.
For more information or inquiries, please contact:
Ryan King
SVP Corporate Development & IR
T: 604.628.1012
E: calibre@calibremining.com
Calibre Mining's headquarters is located at Suite 1560, 200 Burrard St., Vancouver, British Columbia, V6C 3L6.
Frequently Asked Questions
What recent drilling results have been announced by Calibre Mining?
Calibre Mining has announced that the recent drilling at the Marathon Pit yielded 44% additional gold and 47% higher grades compared to the 2022 Mineral Reserve model.
What are the future plans for the Valentine Gold Mine?
The company plans to commence mining operations in 2025, while continuing extensive drilling to identify further gold deposits.
How is Calibre Mining ensuring the quality of its drilling results?
Calibre implements strict QA/QC protocols by including blanks and standards in each sample batch collected during the drilling process.
Where is Calibre Mining's headquarters located?
The corporate headquarters is situated at Suite 1560, 200 Burrard St., Vancouver, British Columbia.
What is Calibre Mining's focus in terms of growth and sustainability?
The company is committed to sustainable operations, delivering value to shareholders, and pursuing strategic growth opportunities across its various mining projects.
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