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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
Comment by fleeinggrandichon Oct 20, 2012 8:59am
221 Views
Post# 20505860

RE: RE: RE: Calibre

RE: RE: RE: Calibre

I don't know how far the stepouts were to be honest, but 25m is essentially a twinned hole. Waste of money when you're still in discovery mode (except for goosing the share price by tricking more uneducated people into buying shares, like what Seafield did). I think maybe you missed a zero?

It's more important to know the geology over a larger area at this point in time, so that your geo can get a handle on structural controls and the larger picture. Without nailing the structural controls, you can't do a serious 43-101 - Brent Cook will take one look at it and laugh you out of the biz.

Also, I'd assume that given how many targets are still unexplored, nailing the Primavera geo will help you drill your next 5 targets better - assuming they're all in the same geological province.

Dunno much about geology at all, but that's what I've gathered.

Basically, CXB are doing serious professional geology, not a pump & dump. And you can tell cos BTO bought $5M worth of CXB.

Bullboard Posts