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Calibre Mining Corp T.CXB

Alternate Symbol(s):  CXBMF

Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and development opportunities in Nicaragua, Central America. In addition to its mining operations in Nicaragua, it also engaged in the exploration and development of several concessions at its 100%-owned Eastern Borosi Gold-Silver Project (EBP), which includes the Eastern Borosi Mines (EBM). It holds a 100% interest in Fiore’s Pan Mine, a producing heap leach gold operation. It owns the adjacent advanced-stage Gold Rock Project and, the past producing Illipah Gold Project in Nevada, as well as the Golden Eagle project. It also owns the advanced-stage Valentine Gold Project in Newfoundland and Labrador.


TSX:CXB - Post by User

Bullboard Posts
Post by resourcehorseon May 31, 2012 1:26pm
328 Views
Post# 19966402

Widespread Mineralization

Widespread Mineralization

The Rosita project is located seven kilometres north of the Primavera prospect. One has to like porphyry-type mineralization.

 

Alder president and chief executive officer Joe Arengi states: "The discovery of a new style of gold mineralization along the south side of the Santa Rita pit in hole D910 is highly significant. This long gold-copper intercept is very different from the style of mineralization historically developed, where narrower intervals of high grade were more commonly mined. The initial results have successfully identified a significant mineralized corridor that displays two styles of mineralization and is open in all directions. Any Cu-Au-Ag mineralization defined along this corridor will complement the existing stockpile resource and bolster project economics. We are also very pleased with the progress our exploration team has made at the large Bambana porphyry target. Both the Bambana and Santa Rita target areas are of sufficient size to generate significant tonnage that should attract the attention of the market."

Bullboard Posts