Calvista Gold Corp. (TSX: T.CVZ, Stock Forum) said that it has increased the mineral resource estimates for both the Callejón Blanco and Buenavista prospects in Colombia.
The targets, located in Santander, remain open to expansion at depth.
According to the Calvista Gold press release, highlights of the new technical report included a combined indicated mineral resource for the Callejón Blanco and Buenavista prospects totalling 4.03 million tonnes grading 3.49 grams per tonne gold and 15.77 grams per tonne silver.
Furthermore, the report included a combined inferred mineral resource for the Callejón Blanco and Buenavista prospects totalling 3.77 million tonnes grading 3.71 grams per tonne gold and 15.84 grams per tonne silver.
Calvista is a mineral exploration company focused on the acquisition, exploration and development of properties for the mining of gold and other minerals.
On Wednesday, Calvista’s stock was up 16% and was trading at $0.70 a share. The company has a market cap of $37.6 million, based on 53.7 million shares outstanding. The 52-week high and low was $0.84 and $0.15 respectively.