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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

Post by zack50on Apr 07, 2024 5:51pm
276 Views
Post# 35975843

Calibre potential...

Calibre potential...The fact that Calibre is doing ~13K meters of drilling this year and seeing that previously they have been very successful with the drill bit, usually putting out very strong results, I feel confident that future success from one, two or all three of the 3-N areas… Newfoundland, Nicaragua, or Nevada, will obviously have a very positive impact.
 
I have on multiple occasions stated that when all is done, the VL area in NL will yield ~8M oz. of gold. It’s interesting to note that Ryan King in his conversations with multiple geologists mentions that the majority, by far, see the Valentine Lake opportunity as having great potential and compares the area to an early-stage camp in Timmins, ON or a Val-d’Or, QU… containing similar rocks/ similar geology… an orogenic gold deposit with huge upside.
 
To date, defined resources cover about 8 km of a 32 km shear zone and there's a secondary shear zone, equal in size, that’s never been looked at or drilled so there’s great potential there.
 
As Ryan stated in the interview… “Calibre is in the very early Innings here.”


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