Calibre Continues to Define Gold Mineralization at Montes de Oro

Calibre Mining Corp. (TSXV:CXB) announced results from current exploration activities at its Montes de Oro gold project, located in Nicaragua. The company also provided results from other gold targets in the area.

Highlights include:

• Three additional trenches were completed in the northern half of the 400 metre by 600 metre gold in soil anomaly on the Montes de Oro Project.
• Step-out trench MTR14-030 located 300 metres north of trench MTR13-009 (52.3 metres grading 7.07 g/t Au) intersected 8.45 metres grading 3.42 g/t Au and 11.34 g/t Ag, Additional trenching is planned to further extend and define gold mineralization at the Montes de Oro Gold Project
• A 25 line kilometre ground magnetic survey was completed in Q4 2014
• An Induced Polarization (IP) Survey consisting of five lines each 1.2 kilometres in length is underway and will be completed in January 2015
• Sampling and Geological Mapping has been commenced on a series of targets which have similar geological and geochemical features to Monte de Oro

Greg Smith, president and CEO of Calibre, commented:

The results of the additional trenching and ground geophysical programs at Montes de Oro continue to further define the gold mineralization in preparation for drilling of this high priority, 100% owned gold project. In addition to Montes de Oro, Calibre has identified several additional 100% Calibre owned gold targets in the Siuna District which will be further defined by the on-going work programs.

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