New assay results
| 24 Sep 2014 09:00 ET |  |
Marketwire Canada Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased to announce assay results for the second set of six diamond drill holes from the on-going Phase I Drilling Program on the Eastern Borosi Gold-Silver Project which is being funded under an option agreement with IAMGOLD Corporation ("IAMGOLD").
Highlights
-- The Phase I Drilling Program has completed 22 of a planned 30 diamond drill holes and assay results have been received for the first 12 drill holes -- New high grade gold drill intercepts include; 6.50 metres grading 16.88 g/t Au and 20.95 g/t Ag, including 1.82 metres grading 45.79 g/t Au and 32.39 g/t Ag (Drill Hole GP14-010) -- The first 9 drill holes tested the Guapinol gold-silver vein system over a strike length of 670 metres and to a depth of 100 metres with the next 3 drill holes targeting the adjacent Vancouver gold-silver vein system over a strike length of 200 metres and to a depth of 80 metres. Mineralization remains open down plunge from the reported intercepts and potential exists for additional mineralized zones along the strike of both structures.
President and CEO, Greg Smith stated: "This second set of results for the on-going Eastern Borosi Project drilling program includes a second high grade gold discovery which was intersected in the first ever drill hole on the Vancouver gold-silver vein system located 250 metres south-east of the high grade gold discovery on the Guapinol structure. All drill holes completed to date continue to intersect the targeted mineralized structures. The drilling program continues to progress on schedule and on budget and additional assay results will be released when available".
Diamond Drill Results - Eastern Borosi Gold-Silver Project
---------------------------------------------------------------------------- Length Au Ag Hole_ID Structure From_m To_m (m) (g/t) (g/t) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- GP14-012 Vancouver 69.24 70.00 0.76 4.37 1.70 ---------------------------------------------------------------------------- GP14-011 Vancouver 84.55 86.19 1.64 1.27 2.40 ---------------------------------------------------------------------------- GP14-010 Vancouver 91.60 104.50 12.90 8.73 11.48 including 96.60 103.10 6.50 16.88 20.95 including 100.28 102.10 1.82 45.79 32.39 ---------------------------------------------------------------------------- GP14-009 Guapinol 130.35 133.11 2.76 3.39 2.64 including 131.06 132.04 0.98 7.30 4.70 ---------------------------------------------------------------------------- GP14-008 Guapinol 85.80 88.10 2.30 2.53 1.96 including 85.80 87.00 1.20 4.53 3.25 ---------------------------------------------------------------------------- GP14-007 Guapinol 84.65 87.63 2.98 0.64 0.65 ---------------------------------------------------------------------------- GP14-006(i) Guapinol 92.96 96.61 3.65 0.33 1.32 Including 95.80 96.61 0.81 0.54 2.00 ---------------------------------------------------------------------------- GP14-005(i) No significant values ---------------------------------------------------------------------------- GP14-004(i) Guapinol 91.49 95.90 4.41 3.96 4.47 Including 92.99 94.00 1.01 7.20 9.10 ---------------------------------------------------------------------------- GP14-003(i) Guapinol 69.75 74.28 4.81 25.66 35.19 Including 70.50 73.40 2.90 41.16 56.80 ---------------------------------------------------------------------------- GP14-002(i) Guapinol 112.53 118.56 6.03 14.39 14.51 Including 116.00 117.80 1.80 29.79 33.18 ---------------------------------------------------------------------------- GP14-001(i) Guapinol 76.97 77.97 1.00 39.90 132.00 ----------------------------------------------------------------------------