our neighbour ! 46.53 G/T GOLD OVER 5.3 METRES CALIBRE'S ORE CONTROL DRILLING INTERSECTS HIGH-GRADE GOLD OUTSIDE OF REPORTED MINERAL RESERVES ADDING ADDITIONAL TONNES AT THE VALENTINE GOLD MINE, CANADA; RESULTS OUTSIDE MINERAL RESERVES INCLUDE 46.53 G/T GOLD OVER 5.3 METRES AND 17.16 G/T GOLD
Calibre Mining Corp. has released ore control reverse circulation (RC) drill results from its Leprechaun open pit (2022 mineral reserves of 15.1 million tonnes grading 1.73 grams per tonne gold containing 840,000 ounces), one of the three open pits in the Valentine gold mine (VGM) in Newfoundland and Labrador, Canada. The Valentine 14-year life-of-mine plan including the Leprechaun, Berry and Marathon open pits hosts mineral reserves (2022) of 51.6 Mt grading 1.62 g/t gold containing 2.7 million oz. At Leprechaun, the company completed 486 ore control RC drill holes totalling 9,168 metres, with the majority of the holes drilled on a nine-metre-by-nine-metre grid spacing. Drilling identified previously unrecognized high-grade gold mineralization outside of mineral reserves, which will lead to additional ore tonnes in the drilled area compared with the 2022 Valentine feasibility study.