Calibre Mining Announces Inferred Resource Estimate of 1.2 Million Gold Equivalent Ounces

Calibre Mining (TSXV:CXB) has announced a National Instrument 43-101 inferred resource estimate for the 100 percent owned Primavera gold-copper porphyry project.
As quoted in the press release:

Highlights

• The Primavera Gold-Copper Porphyry Deposit contains a maiden Inferred Resource at a 0.5 g/t Au cutoff of 45.0 million tonnes grading 0.54 g/t Au, 1.15 g/t Ag and 0.22 % Cu (0.84 g/t AuEq) containing 782,000 ounces of gold, 1.7 million ounces of silver and 219 million pounds of copper (1.2 million AuEq ounces)

• The gold-copper deposit resource is open to depth and to further expansion with additional targets in immediate proximity to the existing drilled deposit

• WSP also completed a Whittle analysis to estimate an initial open pit-constrained Inferred Resource at a 0.5 g/t Au cutoff of 27.8 million tonnes grading 0.60 g/t Au, 1.23 g/t Ag and 0.23% Cu (0.91 g/t AuEq) containing 535,000 ounces of gold, 1.1 million ounces of silver and 140 million pounds copper (811,000 AuEq ounces).  The open pit has a strip ratio of 1.2/1.0

• Numerous high priority drill targets prospective for further gold-copper porphyry mineralization exist within the 5.0 kilometre by 4.0 kilometre Primavera target area as defined by anomalous gold and copper in rock and soil samples, magnetic and radiometric geophysical anomalies, and targets where geological mapping has identified porphyry style mineralization or alteration

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