Calibre Mining Corp. has announced assay results from its ongoing resource conversion and expansion drill programme at the 100% owned Pan Mine, located in the prolific Battle Mountain – Eureka gold trend, Nevada. Numerous results outlined below indicate the potential for resource expansion while focusing on converting known zones of mineralisation. During 2022, Calibre is advancing a multi-rig 85 000 m drill programme in Nevada, including 50 000 m focused at Pan.
Highlights
Highlights from the Pan Resource expansion and discovery drill programme include:
Black Stallion Target
- Hole PR22-087: 3.35 g/t gold (Au) over 18.3 m.
- Hole PR22-116: 0.93 g/t Au over 12.2 m.
- Hole PR22-100: 0.82 g/t Au over 10.7 m.
- Hole PR22-083: 0.5 g/t Au over 15.2 m.
- Significant intercepts outside existing resources remain open to the north, east and west.
Pegasus Target
- Hole PR22-094: 0.53 g/t Au over 27.4 m.
- Hole PR22-082: 0.56 g/t Au over 16.8 m.
- Hole PR22-088: 0.8 g/t Au over 47.2 m.
- Hole PR22-093: 0.52 g/t Au over 64 m.
- Hole PC22-005: 0.6 g/t Au over 29.6 m and 0.51 g/t Au over 37.5 m.
- Several intercepts extend mineralisation down-dip and along strike and are open for further expansion.
Palomino Target
- Hole PR22-055: 1.06 g/t Au over 10.7 m and 0.96 g/t Au over 10.7 m.
Dune Target
- Hole PR22-015: 0.9 g/t Au over 22.9 m.
- Hole PR21-062: 0.51 g/t Au over 15.2 metres.
- Near surface mineralization trending and open to the northwest confirming mineralised zones.
Syncline Target
- Hole PR22-032: 1.41 g/t Au over 24.4 m.
- Encountered higher grade mineralisation to the northwest, outside the Syncline pit and open for expansion.
Dynamite Target
- Hole PC22-006: 0.57 g/t Au over 51.1 m.
- Hole PR22-061: 0.53 g/t Au over 22.9 m.
- Hole PR22-045: 0.54 g/t Au over 15.3 m.
- Hole PR22-077: 0.44 g/t Au over 30.5 m.
- Hole PR22-073: 0.40 g/t Au over 42.7 m.
- Mineralisation remains open to the east where follow-up drilling is planned.
Darren Hall, President and CEO of Calibre, stated: “The recent drilling at Pan has focused on expanding mineralisation along trends of known targets. Today’s results confirm our initial interpretation that numerous resource expansion and discovery opportunities exist. We continue to see excellent opportunities for growth and in some cases are seeing shallow, higher grade zones open for further expansion. Since acquiring Fiore Gold in January 2022, we have announced positive results and anticipate this year’s results will expand resources and lead to additional mine life.”