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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

Comment by Ridgebackon Nov 25, 2024 11:25am
89 Views
Post# 36329154

RE:RE:Good and the bad with the drill results. Good is obvious

RE:RE:Good and the bad with the drill results. Good is obviousJust read your posts guys and I'm in with Geezers opinion.

There always has been an interest in how much overburden has to be removed. Not so much of a concern with the existing pits at this time. Many have wondered just how much of the resource remains open at depth under the pits which has yet to be proven.

As far as today's drill results go it's encouraging to see the potential to grow the resources. Regardless of depth at this time the results open the door with further drilling to better understand the geology and trends for finding new near surface targets. Perhaps new pit sites have yet to be discovered and there may one day be deeper mining on site? I would bet on it.

So for now drilling 100k meters is a step in the plan for to prove it one way or the other what others expect may be a increase in reserves for the Valentine Lake site when drilling has been completed. Looking Good but still to early in the program.
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