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Calibre Mining Corp. (TSXV:CXB) reported assay results from a diamond drilling program completed on the Rosita D Concession, in northeast Nicaragua under an option agreement with Alder Resources Ltd.
Calibre Mining Corp. (TSXV:CXB) reported assay results from a diamond drilling program completed on the Rosita D Concession, in northeast Nicaragua under an option agreement with Alder Resources Ltd.
As quoted in the press release:
These results demonstrate the presence of bonanza grade gold values along a northwest-trending gold-bearing corridor. This mineralization is primarily gold with lesser amounts of silver and is distinct from the copper-gold-silver mineralization associated with skarn and diorite host rocks. Hole D914 is located 250 metres northwest of previously released hole D910, which intersected 65 metres of skarn mineralization grading 1.48 g/t Au from 50 metres, including 8.0 metres grading 6.90 g/t Au and 4.0 metres grading 3.22 g/t Au (see Alder press release, May 31, 2012). Hole D912, drilled below D910, returned two intercepts of 2.0 metres grading 1.45 g/t Au and 4.0 metres grading 1.76 g/t Au that correlate with the two higher grade intercepts in D910. Based on results to date, Alder management believes there is reasonable potential to define a high grade, northwest-trending gold zone in the same area that has historically produced skarn and porphyry-style copper-gold-silver mineralization and in the same area that Alder is working to define a skarn and porphyry-style copper-gold-silver resource (see Alder news release dated September 5, 2012)
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