Darren Hall's Calibre Mining Corp. (CXB), up eight cents to 82 cents on 1.45 million shares, is cheering word of a 4.56-metre interval averaging 6.78 grams of gold per tonne at the Gold Rock project in Nevada. The company also headlined a second hole that averaged 6.6 grams per tonne across 5.8 metres. There were higher grades to be had among the 14 new tests, led by an 8.02-gram-per-tonne result across 1.52 metres in a second hole, and there were longer intervals, notably a 43.82-metre hit that averaged 3.15 grams per tonne.

The new assays sparked a two-alarm promotion. First to the scene, sirens blaring, was Mr. Hall, president and CEO, who was "very pleased with these high-grade results." He cheers that the company's existing permits allow for sulphide treatment in the processing stage, and so he and his crew are "excited about the increasing grade potential at depth." While he applauds the existence of oxide gold noted in the mainly shallow drilling completed so far, he gushes that there could be a large, untested Carlin-style mineral system at depth, and so the company is shifting its focus to the deeper rock.

Next to arrive was Tom Gallo, senior vice-president of growth for Calibre. He applauds the Gold Rock project's location in the Battle Mountain-Eureka area as further support for his belief that the project is a viable target for deeper, higher-grade mineralization. "A tremendous opportunity exists across our 222-square-kilometre property package," he beams, adding that drilling next year will focus on testing this target at depth. His conclusion mirrored that of his boss: "We believe there is considerable potential for a multimillion-ounce Carlin-style target at depth throughout the Gold Rock corridor."