Calibre Mining's High-Grade Drill Results Indicate Growth Potential

Calibre Mining Corp. Reveals High-Grade Results from Limon

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has recently announced some exciting developments regarding its mining operations. The company's exploration efforts at the Limon Mine Complex, located in Nicaragua, have yielded impressive high-grade mineralization results that could significantly enhance its mineral resource profile.

Exploration Highlights from the 2024 Program

The ongoing exploration at Limon has unveiled significant gold grades across various drilling sites. Notably, the findings cover multiple areas, including the VTEM Gold Corridor and the underground Talavera gold zone, demonstrating broad geological potential.

Recent Findings from the Talavera Gold Zone

The Talavera gold zone, which has a history of production, is emerging as a focus for new discoveries. Recent drill results showcase the following:

• Drill hole LIM-24-4979 reported an impressive 12.57 g/t Au over 7.1 metres, which includes richer intervals at 26.65 g/t Au over 3.3 metres.
• Mineralization has been documented 750 metres west of previous underground workings, indicating the potential for a substantial maiden resource at Talavera.

Prominent Results from the VTEM Gold Corridor

Drilling along the VTEM Gold Corridor further highlights the robust gold potential. Some notable results include:

• Hole LIM-24-4969 reported 12.96 g/t Au over 19.9 metres, showcasing the discovery of a new structure beneath the surface.
• Additional high-grade results also included values of 10.59 g/t Au over 13.5 metres and 14.64 g/t Au over 7.5 metres across different drill holes.

Infill Drilling at the Limon Norte Open Pit

Infill drilling efforts at the Limon Norte open pit are reinforcing confidence in the resource estimates. Key results reported include:

• 14.22 g/t Au over 37.0 metres in hole LIM-24-4960, illustrating the richness of the region.
• 6.55 g/t Au over 10.0 metres in hole LIM-24-4957 further supports the potential for resource expansion in this area.

Management Insights on Limon's Potential

Darren Hall, President and CEO of Calibre, expressed enthusiasm regarding these recent drill results. He indicated that this could be one of the most significant periods for Limon since the company acquired it in 2019. Hall emphasized that the combination of high-grade results from both the underground Talavera area and the VTEM Gold Corridor signals a remarkable opportunity for resource growth.

With strong intercepts and a new structure uncovered near the surface, the potential for further exploration and development at Limon is promising. The company is expected to release an updated mineral resource estimate soon, likely in early 2025, to reflect these exciting discoveries.

Quality Assurance and Commitment to Best Practices

Calibre Mining has established a rigorous Quality Assurance/Quality Control (QA/QC) program that aligns with industry best practices. This approach ensures that samples are handled, analyzed, and reported with the utmost accuracy and integrity. Drill cores are sent to reputable independent laboratories for thorough analysis, ensuring reliable results which are essential for responsible mining practices and sustainable growth.

About Calibre Mining Corp.

Calibre Mining Corp. is recognized as an emerging mid-tier gold producer focused on the Americas. The company's exploration and production strategies are aimed at maximizing shareholder value while contributing positively to local communities. With a dedicated management team and a solid financial foundation, Calibre is on a path towards sustainable growth and development.

Frequently Asked Questions

What recent developments has Calibre Mining announced?

Calibre Mining announced significant high-grade drill results from its exploration at the Limon Mine Complex, indicating potential resource growth.

What areas of the Limon Mine Complex were explored?

The exploration focused on the Talavera gold zone and the VTEM Gold Corridor, revealing promising high-grade mineralization.

What are the implications of the recent drill results?

The results are expected to positively impact Calibre's mineral resource estimates, highlighting increased gold potential at Limon.

Who is the key spokesperson from Calibre regarding these results?

Darren Hall, the President and CEO, shared insights on the significance of the recent results and their potential for resource expansion.

What practices does Calibre Mining follow for quality control?

Calibre maintains a strict QA/QC program, ensuring reliable sample analysis and adherence to industry standards to promote responsible operations.

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