Calibre and Centerra Gold Drill 71.05 Metres Grading 2.89 g/t Gold at Cerro Aeropuerto, Nicaragua

Calibre Mining Corp. (TSXV:CXB) announced  an update as the Company and Centerra Gold Inc. continue to advance the La Luz Project, Borosi Concessions, Northeast Nicaragua. Centerra can earn a 70% Interest in the La Luz Project by investing $7.0 million in exploration on the property before December 31, 2019.
As quoted in the press release:

Highlights

• The 2015/2016 Diamond Drilling Program is on-going and is focused on the Cerro Aeropuerto Project with an estimated 1600 metres to be completed in 5 drill holes.
• To date, 3 drill holes of the 5 hole drill program have been completed with results having been received for two holes including CA15-020 with returned 71.05 metres grading 2.89 g/t Au including 26.03 metres grading 6.39 g/t Au (uncut)
• Extensive soil sampling covering the entire Project area has been completed with results outlining three anomalous trends including the newly defined 2.8 km long Cerro Coyol – El Tiburon trend.
• Additional exploration including continued drilling at Cerro Aeropuerto, completion of the IP and magnetic geophysical surveys, further in-fill soil sampling, and surface mapping and rock sampling is underway. Further work including trenching and additional drilling will follow-up on high priority targets defined by the on-going program

Calibre Mining President and CEO, Greg Smith, stated:

Fully funded by our partner Centerra Gold we have been aggressively exploring the La Luz Project and continue to define high priority drill targets from both the historic Cerro Potosi – Cerro Aeropuerto trend and the newly defined Cerro Coyol – Tiburon Trend. Work continues to be focused on new discoveries in this historic gold mining district.

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