Calibre Mining Corp. has provided an update of the company’s 85 000 m resource expansion and 2022 discovery drilling programme in Nicaragua, highlighting new high-grade drill results at the Panteon North zone within the company’s producing Limon Mine Complex.
Highlights from Panteon North
- Hole LIM-22-4619: 17.8 g/t gold (Au) over 7.3 m estimated true width (ETW), including 6.69 g/t Au over 1.9 m, 26.37 g/t Au over 2.8 m and 16.84 g/t over 3.2 m.
- Hole LIM-22-4616: 9.72 g/t Au over 3.9 m ETW, including 27.8 g/t Au over 1.4 m and 1.29 g/t Au over 3 m.
- Hole LIM-22-4620: 8.84 g/t Au over 1.1 m ETW, including 1.96 g/t Au over 1 m and 20.3 g/t over 0.6 m.
- Hole LIM-22-4622: 12.75 g/t Au over 2.4 m ETW, including 33.7 g/t Au over 1 m and 2.78 g/t Au over 2.1 m.
- Hole LIM-22-4625: 9.38 g/t Au over 2.7 m, including 34.5 g/t Au over 0.6 m and 3.24 g/t Au over 2.3 m.
- Panteon North is located approximately 1 km northwest from the high-grade Panteon underground mine.
- Open along strike to the northwest for further expansion.
Darren Hall, President and CEO of Calibre stated: “The high-grade Panteon mine continues to expand with the discovery of the Panteon North zone located 1 km from existing operations. Panteon North is open along strike and down plunge to the northwest and, to date, we have intercepted high-grade results over approximately 500 m.
“I am encouraged by these high-grade drill results at Limon as they continue to present significant opportunities for discovery and resource growth at the Limon Mine Complex, which has produced more than 3 million oz.
“Calibre will continue to advance our 85 000 m discovery and expansion drilling programme at Panteon North and other targets across our portfolio of assets with the focus on growing resources and extending mine life.”