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Bullboard - Stock Discussion Forum 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... see more

TSX:CXB - Post Discussion

Calibre Mining Corp > Good and the bad with the drill results. Good is obvious
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Post by drunk@noon on Nov 25, 2024 10:48am

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

great width and grade (for an open pit) on the three holdes 40/46/48. The bad news is the pay zones are very deep. starting at 271, 341, and 361 meters below surface. Also of note, their were several holds between holes 040 and 046 that didn't have the wide zones of pay. So it seems the zone isn't continues between 40 and 46 which might eliminate an open pit senerior, as you are talking about moving hundreds of meters of overburden. So, would it be amenable to an underground block cave operation?
In short, if it was near surface and if it was contnous from holes 046 to 040 it would have been stellar, but given the depth and the lack of a continuous wide payzone fro 046 to 040, I am not as enthused, as I was on the headline results.
Any intelligent replys welcome.
Comment by geezer21 on Nov 25, 2024 10:53am
Not enough drill holes yet to draw to many conclusion other than these results indicate there will be more to be found deeper and laterally. You do not these good a result without there being more.
Comment by geezer21 on Nov 25, 2024 10:55am
(Sorry edited, left a verb out) Not enough drill holes yet to draw to many conclusion other than these results indicate there will be more to be found deeper and laterally. You do not get these good a result without there being more.
Comment by Ridgeback on Nov 25, 2024 11:25am
Just 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 ...more  
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