Calibre, B2Gold Now Drilling at Nicaragua-based Minnesota Project

Calibre Mining Corp. (TSXV:CXB) announced that a Phase 1 diamond drilling program has been started at the Minnesota gold project. It is located within the B2Gold Corp. (TSX:BTO,NYSEMKT:BTG) joint venture on the Nicaragua-based Borosi concessions.

As quoted in the press release:

Calibre controls a 49.0% interest in the joint venture and B2Gold has a 51.0% interest and is project operator. B2Gold has the right to earn an additional 19.0% in the Borosi concessions joint venture by spending $6.0 million in additional project expenditures over three years.

The Phase 1 diamond drilling program at the Minnesota gold project will consist of a planned 1500 metres in up to 13 drill holes. The drilling is designed to test several gold zones along the three km strike length of the strong auger and soil gold anomaly. Several drill holes are planned in the vicinity of contiguous Trenches MINTR14-006 to 011 and MINTR14-016 which intersected 109.6 metres grading 1.58 g/t Au.* This trench interval includes the recently received assay results from Trench MINTR14-016 that returned 15.1 m grading 1.2 g/t.

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