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Calibre, B2Gold Complete Reconnaissance Drilling at Minnesota Project

Charlotte McLeod
Feb. 13, 2015 04:59PM PST
Gold Investing

Calibre Mining Corp. (TSXV:CXB) announced that a reconnaissance drill program has been completed at the Minnesota gold project, located on the Borosi concessions within the B2Gold Corp. (TSX:BTO,NYSEMKT:BTG) joint venture.

Calibre Mining Corp. (TSXV:CXB) announced that a reconnaissance drill program has been completed at the Minnesota gold project, locatedĀ on the Borosi concessions within the B2Gold Corp. (TSX:BTO,NYSEMKT:BTG) joint venture.

B2Gold holds a 51-percent interest in the joint venture and is the project operator, while Calibre’s sits at 49 percent.

Highlights include:

  • The 2014 reconnaissance diamond drilling program at the Minnesota gold project consisted of seven widely spaced drill holes totaling 992 metres which tested three areas along the three kilometre trend of the Minnesota target which is defined by a strong auger and gold-in soil anomaly and surface rock sampling
  • Drilling results include:Ā 31.35 metres grading 0.63 g/t Au (including 12.40 metres grading 1.07 g/t Au) and 47.00 metres grading 0.63 g/t Au and 3,703 ppm Zn (including 4.50 metres grading 3.43 g/t Au and 5,699 ppm Zn)
  • The geochemical signature for the portion of the Minnesota system drill tested to date is consistent with an intrusive association for the mineralization with gold and silver values being associated with elevated zinc, lead and molybdenum
  • The planned 2015 B2Gold exploration program will continue to evaluate and advance a number of gold targets in and around the Minnesota gold project and elsewhere on the joint venture concessions

Click here to read the fullĀ Calibre Mining Corp. (TSXV:CXB) press release.

tsx:bto joint venture calibre mining tsxv:cxb
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