Calibre Mining Achieves Major Gold Milestone and Resource Update
Calibre Mining Celebrates Golden Achievement
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has recently marked a monumental achievement by producing its one-millionth ounce of gold in Nicaragua. This accomplishment showcases the organization's growth and operational excellence since it began production in late 2019. The fruits of this labor not only reflect Calibre's upward trajectory but also its commitment to sustainable mining practices.
Exciting Developments at Talavera
The company has reported an initial Mineral Resource estimate for the Talavera Gold Deposit, which is entirely owned by Calibre. This deposit, historically noted for its production of 800,000 ounces of gold, is strategically located just 3 kilometers from the Limon mill. The new Mineral Resource estimate highlights approximately 3,847,000 tonnes of Inferred Mineral Resource with an average grade of 5.09 grams per tonne, equating to around 630,000 ounces of gold.
Talavera's Expansion Potential
The Talavera Resource continues to demonstrate the rich potential of the Limon property. Recent drilling activities reaffirmed the presence of high-grade gold mineralization, identifying several sub-vertically dipping parallel veins within the deposit. With this promising data, Calibre is optimistic about further exploration opportunities at Talavera in 2025, focusing on expansion drilling and acquiring essential environmental permits.
Preserving Resources Through Sustainable Practices
Darren Hall, President and CEO of Calibre Mining, expressed pride in reaching this significant milestone while simultaneously boosting the company's mineral reserves dramatically from 140,000 ounces to over 1.1 million ounces by 2023. The operational continuity of the Limón Mine Complex since the 1940s, which has produced more than 5 million ounces, underlines Calibre's strong foothold in the gold mining sector.
Quality Control in Resource Management
Calibre employs rigorous Quality Assurance and Quality Control (QA/QC) measures across all its projects, ensuring that the mining processes adhere to industry best practices. This includes maintaining a verifiable chain of custody for all samples, regularly inserting certified reference standards, and conducting duplicate assays to assure accuracy in reporting gold concentrations.
About Calibre and Future Outlook
Calibre Mining Corp. stands out as a leading mid-tier gold producer in the Americas, with a significant presence in regions such as Newfoundland & Labrador, Nevada, Washington, and Nicaragua. The company's focused approach on responsible operations and an extensive portfolio of development and exploration projects positions it well for sustainable growth and value creation.
Connecting with Stakeholders
The commitment of Calibre’s management to stakeholder engagement and transparent communication highlights their dedication to creating positive impacts within local communities. All operational practices are designed to foster relationships with stakeholders ensuring long-term sustainability in all endeavors.
Frequently Asked Questions
What recent achievement has Calibre Mining reached?
Calibre Mining has celebrated the production of its one-millionth ounce of gold in Nicaragua.
What is the Talavera Gold Deposit?
The Talavera Gold Deposit is a 100% owned asset of Calibre, with a history of producing 800,000 ounces of gold, located close to the Limon mill.
How much gold does the new Talavera resource estimate hold?
The initial estimate suggests approximately 3,847,000 tonnes of Inferred Mineral Resource, amounting to about 630,000 ounces of gold.
What is Calibre's future focus for the Talavera deposit?
In 2025, the company plans to focus on expansion and delineation drilling at Talavera while pursuing necessary environmental permits.
What does the company's QA/QC program entail?
The QA/QC program ensures that samples are handled following strict protocols, including inserting certified standards and conducting duplicate assays for accuracy.
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