Excerpt from Stockwatch Gold-Today Darren Hall's Calibre Mining Corp. (CXB) closed unchanged at 68 cents on 3.02 million shares. The company has received "key environmental permits" allowing the development and operation of open-pit and underground mines at its Eastern Borosi project in Nicaragua. Mr. Hall, president and CEO, cheers the approvals as "another significant milestone" in Calibre's efforts to grow its gold production. He points to the high-grade reserves at Eastern Borosi as keeping the company "on track for grade-driven production increases in 2023." Calibre lists an open-pittable reserve of 538,000 tonnes averaging 6.87 grams of gold and 9.9 grams of silver per tonne, with another 625,000 tonnes underground at 4.97 grams of gold and 82.2 grams of silver per tonne. In all, the reserve hosts nearly 220,000 ounces of gold and just over 1.8 million ounces of silver, and that ore will be fed into the company's processing facility at the Libertad mine.
And that is not all: Calibre also plans to mine a high-grade portion of the 1.01-million-tonne open-pittable reserve at Pavon, which averages 5.07 grams of gold and 8.5 grams of silver per tonne -- another 165,000 ounces of gold and 278,000 ounces of silver.
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