Calibre Continues to Define Gold Mineralization at Montes de Oro

Gold Investing

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.

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.

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