Calibre Mining Corp. (TSXV:CXB) announced assay results from the first six holes from the Phase I drilling program currently taking place at its Eastern Borosi gold-silver project.
- High grade drill intercepts to date include; 4.81 metres grading 25.7 g/t Au and 35.2 g/t Ag, 6.03 metres grading 14.4 g/t Au and 14.5 g/t Ag, and 1.00 metre grading 39.9 g/t Au and 132.0 g/t Ag
- The first six drill holes of the initial 30 hole program have tested the Guapinol gold-silver vein system over a strike length of 350 metres and to a depth of 100 metres. Mineralization remains open down plunge from the reported intercepts and potential exists for additional mineralized zones along the strike of the Guapinol structure.
Greg Smith, president and CEO of Calibre, commented:
This is a very encouraging start to the drilling program on the Eastern Borosi Project. Drilling has intersected the mineralized structure in every drill hole and this first set of assay results includes a number of high-grade gold intercepts. The first six holes tested over 350 metres of strike length of the Guapinol gold-silver vein system and we are pleased with the consistency and high grades intersected to date. Low-sulphidation, epithermal gold-silver mineralization at the Eastern Borosi Project is geologically similar to the Bonanza District located 35 km to the west where past production and current reserves total more than 4.0 million ozs gold. The drilling program is progressing on schedule and on budget and additional assay results will be released when available.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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